Frost & Sullivan's Honors Automotive & Transportation Industry's Best

LONDON, May 17 /PRNewswire/ -- Outstanding performances in Europe's automotive and transportation industry were recognised at Frost & Sullivan's 2006 Excellence in Automotive & Transportation Awards Banquet held in Munich on 16th May 2006.

Twenty Awards were conferred on seventeen companies over the course of the evening's proceedings. Honourees were lauded for exceptional technology leadership and innovation, growth strategies, entrepreneurship, product development abilities, brand advancement skills as well as focussed customer value enhancement.

Among the Award recipients were Siemens ITS, IEE, Microsoft, Texa, Tom Tom, Siemens VDO, Microlise, Drivetrain Innovations, Appello, LogicaCMG, Valeo, SAP, Shell, Lyngsoe Systems, Corning GmbH, Twin-Tec GmbH and Nuance Communications

The Awards were bestowed across a range of automotive and transportation sectors from road user charging, chassis and safety as well as telematics and infotainment to diagnostics equipment, powertrain and logistics and supply chain management. Customer choice Awards for best performance fuel and most environmentally friendly fuel were also presented at the glittering black tie ceremony.

In his keynote speech, 'Highlighting Key Industry Achievements in 2005', Mr Sarwant Singh, Practice Director, Automotive & Transportation at Frost & Sullivan analysed key technological and market trends in 2005. He noted, "2005 was a marquee year for the European automotive industry and was characterised by accomplishments in commercialising innovative technologies. New milestones were established in the telematics industry, in the search for alternative fuels and in the development of safety systems. Moreover, despite their slow start, hybrids paved the way for a host of new technologies to enter the automotive industry."

Mr. Singh added, "The telematics industry looked set for fundamental changes, with explosive growth projected for portable navigation devices. The year saw many developments such as the introduction of the industry's first all-in-one device featuring A/V entertainment, DVD navigation and traffic information in one module, efforts to resolve long-standing standard software platform issues, the launch of the first car company based TV channel as well as the growing popularity of mobile phone-based navigation and digital music."

Touching upon the recent upheavals in the competitive landscape, Mr. Singh commented: "Even as market shares for Western giants fell sharply in the United States and major bankruptcies occurred, global car production was set for another year of production expansion due to Asia's strong performance."

Afterwards, a celebratory dinner accompanied the Awards presentation ceremony with accolades being conferred in the following categories:

    Company                Award Category

    Siemens ITS            Technology Leadership Award - Road User Charging
                           Markets in Eastern Europe
    IEE                    Automotive Chassis & Safety Growth Strategy
                           Leadership of the Year Award
    Microsoft              Automotive Telematics & Infotainment Excellence
                           in Technology of the Year Award
    Texa                   Technology Innovation Award - Eastern European
                           Diagnostics Equipment Market
    Tom Tom                Automotive Telematics & Infotainment Products of
                           the Year Award
    Siemens VDO            Automotive Chassis & Safety Excellence in
                           Technology of the Year Award
    Microlise              Automotive Telematics & Infotainment Industry
                           Innovation and Advancement of the Year Award
    Drivetrain Innovations Automotive Powertrain Entrepreneurial Company of
                           the Year
    Appello                Automotive Telematics & Infotainment
                           Entrepreneurial Company of the Year
    LogicaCMG              Brand Development Strategy Leadership Award - Road
                           User Charging Markets in Eastern Europe
    Valeo                  Automotive Chassis & Safety Industry Innovation &
                           Advancement of the Year Award
    SAP                    Logistics & Supply Chain Management Industry
                           Innovation & Advancement of the Year Award
    Shell                  Customer Choice Award - Best Performance Fuel
    Lyngsoe Systems        Logistics & Supply Chain Management
                           Entrepreneurial Company of the Year Award
    Valeo                  Technology Innovation Award
    Shell                  Customer Choice Award - Best Environmentally
                           Friendly Fuel
    Corning GmbH           Automotive Powertrain Technology and Innovation
                           Leadership of the Year Award
    Valeo                  Automotive Powertrain Product of the Year Award
    Twin-Tec GmbH          Automotive Powertrain Customer Value Enhancement
    Nuance Communications  Automotive Telematics & Infotainment Growth
                           Strategy Leadership of the Year Award

The Awards banquet was preceded by a daylong workshop on 'Market Opportunities and Supplier Sourcing Strategies in India'. Experts from TRW, DaimlerChrysler, Mahindra, TATA Consultancy Services as well as Frost & Sullivan led attendees through lively, interactive sessions that examined the tremendous growth opportunities, evolving competitive landscape and changing policy environment in the Indian automotive market.

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