Frost & Sullivan Honors SFC Smart Fuel Cell with Market Leadership Award.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Frost & Sullivan announced today that it has presented its 2008 Market Leadership Award to SFC SFC abbr. sergeant first class Smart Fuel Cell AG in recognition of SFC's success in fuel cell commercialization, first-mover market status and significant progress in 2007. "SFC has set the pace for the fuel cell industry," said Sara Bradford, Frost & Sullivan Energy & Power Director. "By combining low-cost materials and lean production techniques, SFC has successfully reduced the manufacturing costs for direct methanol fuel cells Direct-methanol fuel cells or DMFCs are a subcategory of proton-exchange fuel cells where, the fuel, methanol (CH3OH), is not reformed, but fed directly to the fuel cell. . Additionally, the company has demonstrated strong growth and a proven business model, including the industry's first commercial product line supported by numerous distribution partners." Based in Brunnthal, Germany, SFC develops and sells direct methanol fuel cells (DMFCs) and systems for the leisure, marine, defense, security, measurement and instrumentation, consumer electronics and other industries. SFC's commercially proven business strategy focuses on product readiness, liquid fuel infrastructure and significant customer market traction. The publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. has sold nearly 10,000 fuel cell systems, and over the last three years its revenues have grown more than 122 percent, compounded annually. The company's EFOY EFOY Energy for You (fuel cell product line) brand fuel cells are providing power for recreational vehicles, yachts, vacation homes Vacation Home A home separate from an individual's primary residence that is used for recreational purposes and may also be rented out at unused times. Notes: For tax purposes, those who rent their vacation homes may result in a lower amount of allowable expense , traffic monitoring systems, observation stations, measurement- and early-warning stations, light electric vehicles, defense and other applications. "This Market Leadership Award highlights our success in commercializing reliable and efficient alternative energy systems for our expanding global customer base," said Dr. Peter Podesser, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SFC. "It also reflects the fact that our hybrid product strategy has paved pave tr.v. paved, pav·ing, paves 1. To cover with a pavement. 2. To cover uniformly, as if with pavement. 3. To be or compose the pavement of. the way for fuel cells into fast growing consumer, industrial and defense markets." The EFOY fuel cell units provide between 600 to 1,600 watt-hours per day. By combining the benefits of fuel cell technology and hybrid systems A hybrid system is a dynamic system that exhibits both continuous and discrete dynamic behavior — a system that can both flow (described by a differential equation) and jump (described by a difference equation). with conventional battery or solar power, SFC's EFOY system has overcome market entry barriers that traditionally have slowed the adoption of fuel cells for many applications. "A key challenge for the portable fuel cell industry overall has been to identify efficient distribution strategies for refueling cartridges. SFC has embraced this issue, and has effectively developed a flexible and scalable solution to address their leisure, industrial and defense customers," Bradford said. Each year, Frost & Sullivan presents this Award to the company that has demonstrated global excellence in a given business function such as sales, marketing, customer service, technology innovation, product quality, supply chain management, and growth strategy. Leveraging best practices in the company to all global units is a major metric in the Award selection process. Frost & Sullivan, through this exhaustive selection process, seeks to identify a recipient that has exhibited global excellence in its operations, resulting in sustained financial growth. Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry. About SFC Smart Fuel Cell AG SFC Smart Fuel Cell AG (www.sfc.com) is market leader in fuel cell technologies for mobile and off-grid power applications serving the leisure, industrial and defense markets. As one of Germany's technology pioneers, SFC has won numerous innovation awards. SFC has alliances with leading companies in a wide range of industries. Unlike most other fuel cell manufacturers, who are in the research and development phase or run subsidized sub·si·dize tr.v. sub·si·dized, sub·si·diz·ing, sub·si·diz·es 1. To assist or support with a subsidy. 2. To secure the assistance of by granting a subsidy. demonstration projects, SFC has shipped nearly 10,000 fully commercial products to industrial and private end users for four years, and has created a convenient fuel cartridge supply infrastructure. SFC is DIN ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000 certified. About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership[TM] empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. . For more information about Frost & Sullivan's Growth Partnerships, visit http://www.awards.frost.com. |
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