TMEIC Receives 'Global Award' From Frost & Sullivan for 3rd Year in Row

2017/04/24 08:58
Kenji Kaneko, Nikkei BP Intelligence Group, CleanTech Institute
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TMEIC received the best award of "2016 Global Company of the Year Award" for the third year in a row. (source: TMEIC)
TMEIC's power electronics factory in Bangalore, India (source: TMEIC)

Frost & Sullivan announced April 20, 2017, that it has given the Global Company of the Year Award to Toshiba Mitsubishi-Electric Industrial Systems Corp (TMEIC).

Frost & Sullivan is a major research firm based in the US. TMEIC was given the award in consideration of its track record in PV inverter business in and outside Japan.

Frost & Sullivan provides services such as market research, analysis and consulting on a global basis. Based on its own research, it organizes "Best Practices Award" for commending companies that have achieved an outstanding performance in each industry. For the Best Practices Award, recipients were selected from each of the Asia-Pacific market, the global market, etc. And the Global Award is the best award.

TMEIC has received the award for the third year in a row since it became the first Japanese company that had been given the award in 2015.

"TMEIC is continuously developing the highest-class products and has a top position in the market for PV inverters," according to Frost & Sullivan. "The farsighted innovations brought by excellent technologies, services, added values and product functionality are certainly creating customer values."

Citing the development of the "AC Station" total solution, which consists of the "Solar Ware" series of PV inverters for large-scale solar power plants, collecting boxes, step-up transformers and ring main units, the research firm highly evaluated the high cost performance and high stability of the product.