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| Monday, 24 August 2009, 15:17 HKT/SGT | |
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Source: Suprema | |
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SEOUL, S.KOREA, Aug 24, 2009 - (ACN Newswire) - Suprema Inc., a leading provider of biometric technology, has been awarded the 2009 Frost & Sullivan Asia Pacific Industrial Technologies Award as the Biometrics Company of the Year for its outstanding performance during the previous year. The award recognizes Suprema's high growth in terms of revenue and technological achievements, as well as outstanding penetration in biometrics markets in global scope.
Suprema Inc., a leading provider of biometric technology, has been awarded the 2009 Frost & Sullivan Asia Pacific Industrial Technologies Award as the Biometrics Company of the Year for its outstanding performance during the previous year. The award recognizes Suprema's high growth in terms of revenue and technological achievements, as well as outstanding penetration in biometrics markets in global scope.
Navin Rajendra, Senior Research Analyst, Asia Pacific Smart Cards & Auto ID, Electronics & Security Practice, Frost & Sullivan said, "With the diverse product range and high levels of security, the company has been able to tap into the key applications for biometrics in the Asia Pacific region. The company has more than 500 clients across the globe and is also the key supplier to the top 3 access control manufacturers in Korea."
"The company's growth in government applications provides a testament to the level and degree of security and durability which the products display." said Rajendra.
"Suprema is honored to receive this prestigious award from Frost & Sullivan. This recognition well reflects our phenomenal growth during past years," said James Lee, CEO of Suprema. "Albeit, global economic downturn has affected biometrics industry to some degree, we have well managed to grow double in 2008. I believe such industry-specific accolade will significantly reinforce Suprema's growth momentum in expanding our business portfolio to the fast-growing government procurement and multi-modal biometrics sector."
Sanjay Singh, Vice President, Asia Pacific Industrial Technologies Practice, Frost & Sullivan continues, "The strong abilities and track record of Suprema in providing end to end solutions in the Biometrics arena with a stringent focus on security provides it with a platform to target both global and regional clients in addition to its customer base in South Korea. These attributes are expected to drive the future growth of the company as it seeks to grow regionally and globally."
During 2003 - 2008 periods, Suprema showed outstanding growth rate of 99% (CAGR) in revenue, and by the end of 2008, the company recorded KRW25 billion in sales which is a massive 123% jump from 2007.
About Best Practices
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 and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry. awards.frost.com
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.
Contact:
Andy Ahn
Marketing Manager
Suprema, Inc.
Tel: +82-31-783-4502
Fax: +82-31-783-4503
Email: sales@supremainc.com
Topic: Corporate Announcement
Source: Suprema
Sectors: Electronics
https://www.acnnewswire.com
From the Asia Corporate News Network
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