January 14, 2010 – PMDTec at Frost & Sullivan Excellence in Best Practices Awards Banquet in London
Frost & Sullivan hosted its prestigious Excellence in Best Practices Awards Banquet on Tuesday, December 8, 2009, in London. PMDTechnologies was honored at the event for its superior performance in developing three-dimensional imaging devices that are low cost, complex and robust.
Dr. Bernd Buxbaum and Dr. Thorsten Ringbeck accepted the award on stage. Dr. Buxbaum said in his acceptance speech: “A third party reference like this from Frost & Sullivan really means a lot to us. It shows us, our shareholders, investors and customers, that we are doing the right things at the right time. For me personally, this is really a great honor and I’m proud to represent the leading 3D-ToF company in the world. So stay tuned to PMDTec to discover new dimensions in the future.”
For the Enabling Technology Award, the following criteria were used to benchmark PMDTechnologies’ performance against key competitors: Creation of new technologies and/or products, enhancement of current products, ability to get intonew applications, setting the industry standard, market acceptance potential, delivery of the technology to the market and end-user transition and recognition.
The much anticipated and highly competitive Award recognizes 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.