Frost & Sullivan recognises Honeywell
June 2007
News
Frost & Sullivan recently named Honeywell Process Solutions as the recipient of the 2007 Frost & Sullivan Award for Market Leadership for its automation and software solutions in the oil and gas industry.
Each year Frost & Sullivan presents this award to the company that has demonstrated market share leadership through the implementation of market engineering strategy. The recipient has displayed excellence in all areas of the market leadership process, including the identification of industry challenges, market drivers, and market restraints, as well as strategy development and methods of addressing market dynamics.
Honeywell demonstrated this market leadership through its activities in oil and gas production, in delivering solutions that drive business results, through its global manufacturing capabilities, broad product portfolio and its capitalisation on emerging markets. The company's Experion R300 system with its small cabinet footprint and well-defined backup system was highlighted by Frost & Sullivan. "Customers can now provide backup for the entire system including Experion or TPS system, operating systems, applications, service packs and configurations in a single PC while the controller is online," says Frost & Sullivan team leader Shibu S.L. "The backup and restore function provides speedy recovery from disastrous failures in less than an hour and has enabled customers to increase uptime without having to deal with re-installation and configuration issues."
Honeywell has also taken a giant leap over its competitors with its initiatives in the wireless domain by improving its wireless networking product line," notes Shibu. "This was done to extend its market leadership as the wireless revolution penetrates process manufacturing."
Frost & Sullivan Best Practices Awards recognise 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 and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
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