Frost & Sullivan Names Eaton as 2004 Power Quality Company of the Year.Business Editors/Automotive Writers/High-Tech Writers MIAMI--(BUSINESS WIRE)--May 20, 2004 Frost & Sullivan presented Eaton Corporation This article is about an industrial manufacturer. For other meanings see Eaton. Eaton Corporation (NYSE: ETN) is a diversified industrial manufacturer with 2006 sales of $12.4 billion, putting it at 198 on the Fortune 500 for 2007. (NYSE NYSE See: New York Stock Exchange :ETN ETN Eaton Corporation (stock symbol) ETN Exchange Traded Note (investing) ETN European Travel Network ETN Electronic Tandem Network ETN Educational Telephone Network ) with the Power Quality Company of the Year Award at last night's 2004 Excellence in Industrial Technologies Awards Banquet, in recognition of its worldwide leadership in power distribution, power protection, and power equipment maintenance. Frost & Sullivan presents this award to the company that has demonstrated unparalleled excellence in business development, competitive strategy, and customer service leadership. The award recognizes exceptional expertise in capturing and solidifying so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. market presence and developing innovative strategies to move ahead in the existing competitive landscape. Eaton has increased its market shares over the last three years despite the harsh global economic conditions. Its growth can be attributed to its offering of 'Solution Based Strategy' to its customers. "The company has worked toward building intelligence into its power quality products and coupled it with the well-planned and timed acquisition of competing companies," says Frost & Sullivan Industry Analyst Vishal Sapru. In 2003, Eaton and Caterpillar caterpillar (kăt`əpĭl'ər, kăt`ər–), common name for the larva of a moth or butterfly. Caterpillars have distinct heads and are segmented and wormlike. entered into a joint venture to provide a total systems approach to integrated, reliable electric power solutions for customer needs. Eaton also acquired Commonwealth Sprague's power factor correction Power factor correction (PFC) is a technique of counteracting the undesirable effects of electric loads that create a power factor that is less than 1. Power factor correction may be applied either by an electrical power transmission utility to improve the stability and efficiency business the same year to include this critical solution in its product portfolio and meet end-user/utility customer needs. Eaton's entry into multiple power quality markets has enabled it to be a leader the power quality market by offering end users a total solution package. The company plans to invest in new product developments and support the distribution network through cooperative marketing programs, educational seminars, and other growth activities. The company's competitive strategies work toward its mission "to anticipate and exceed the expectations of customers and become the best of class." For example, it is a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. for electrical systems. Eaton 'cross-sells' and 'up-sells' its complete line of products to the existing customers. This is a winning strategy as it not only gives Eaton a ready-made market for its products, but it also makes business simpler for the customer. "Eaton is strong on the customer service side where its customers can rely on the depth of knowledge and dependability dependability - software reliability of its service professionals, expert engineering services and systems group, and world-class 24x7 customer service centers," notes Sapru. The company has a strong distribution channel of approximately 3000 distributors across the globe. It also incorporates numerous power quality equipment solutions -- TVSS TVSS Transient Voltage Surge Suppressor TVSS Time-Varying State Splitting , UPS, transformers, and meters -- into panel boards and switchboards, cutting down costs of professional installation and making maintenance easier. Eaton Electrical Services Electrical service, in building wiring, refers to the wiring that connects the electric utility's cables in the street to the building. Specifically, electrical service is the wiring from the street, through the meter and up to the panelboard, but no farther. & Systems is dedicated to installation, maintenance, and design support. In addition, it has a network of 700 personnel that provide 24x7 response mechanism. As record sales continue, particularly in energy sourcing, energy cost, and power quality solutions in the industrial, commercial, construction and utility sectors, the company continues to work toward having a stronger brand name, innovative proprietary technology, and a leading global market position. Held in Miami, the Frost & Sullivan banquet honored world-class companies for outstanding performance and achievements in industrial technologies. An annual event, the banquet recognized the quality and merit of distinguished individuals and companies. About Eaton Electrical In the electrical industry, Eaton is a global leader in electrical control, power distribution, and industrial automation products and services. Through advanced product development, world-class manufacturing methods, and global engineering services and support, Eaton provides customer-driven solutions under several brand names, including Cutler-Hammer(R), Durant(R), Heinemann(R), Holec(R) and MEM (MicroElectroMechanical) See MEMS. (R). Eaton serves customers in the industrial, utility, commercial, residential, and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and markets. For more information, visit www.eatonelectrical.com. About Eaton Corporation Eaton Corporation is a diversified industrial manufacturer with 2003 sales of $8.1 billion. Eaton is a global leader in fluid power systems and services for industrial, mobile and aircraft equipment; electrical systems and components for power quality, distribution and control; automotive engine Automotive engine The component of the motor vehicle that converts the chemical energy in fuel into mechanical energy for power. The automotive engine also drives the generator and various accessories, such as the air-conditioning compressor and power-steering air management systems and powertrain controls for fuel economy; and intelligent drivetrain systems for fuel economy and safety in trucks. Eaton has 51,000 employees and sells products to customers in more than 100 countries. For more information, visit www.eaton.com. About Frost & Sullivan Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan awards A Sullivan Award may refer to:
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