ITRI Earns 2015 Frost & Sullivan New Product Innovation Award

HSINCHU, TAIWAN--(Marketwired - Mar 11, 2015) - ITRI's technology has chalked up more global accolades! After receiving a 2014 R&D 100 Award in November of last year, ITRI's In-Line Compact Thermal Analyzer (ICTA) has now been singled out by the global growth partnership consulting company Frost & Sullivan for its Best Practices New Product Innovation Award for 2015. Frost & Sullivan recognized the unique technology and the impact that it can have on clients after analyzing its strengths through the in-depth analysis of Frost & Sullivan's patented 360-Degree Research Methodology. The innovative technology and competitive advantage of the product in the marketplace highlights the innovation-oriented R&D prowess of Taiwan. Other award recipients this year include top global companies that have achieved excellence, such as AT&T, Intel Corporation, and Honeywell Sensing & Control.

"ITRI rightly identified the need for a high-performing and high-precision in-line thermal testing device. While most of the in-line thermal analyzer test equipment used for LED manufacturing available in the market are complex, time-consuming, and allow for testing only in the laboratory at the product design stage or post-production, ICTA allows for detecting defects in real time during the production process," said Dr. Rajender Thusu, Frost & Sullivan industry principal. "Leveraging its innovative excellence in designing the ICTA technology in-line testing device that guarantees improved production performance, an extended lifespan, and faster analysis has been fundamental to ITRI's creation of a milestone in the in-line thermal analyzer product profile in the optoelectronics market. The distinct capability of the technology to enable high-precision thermal structure analysis during the production process is highly commendable."

Frost & Sullivan each year identifies what it deems to be innovative products, technologies, companies, and individuals from throughout the world, hoping to promote innovation in the global economy and to provide a positive force and encouragement to the award recipients. Japan's Hitachi Appliances and Britain's Bourn Hall International, which developed the IVF fertility treatment, have received these prestigious awards in the past. Frost & Sullivan's industrial analysis team turns to its 360-Degree Research Methodology using existing products on the market as a benchmark and then relying on in-depth interviews and secondary data to carry out a thorough assessment of the nominees. Consequently, the award recipients not only have distinguished themselves amid market challenges and trends, but also are examples of successfully judging markets, technology, economics, finance, customers, demographics and products.