EDMI Limited has been recognized with the 2015 Frost & Sullivan Company of the Year award in Singapore Smart Meters Industry. The award was presented to EDMI at the 2015 Frost & Sullivan Singapore Excellence Awards banquet, held at the Conrad Centennial Singapore yesterday.
"By introducing products or services that are unique and in the best interest of the market, a business can experience significant increases in its customer base. Within the Singaporean smart meters industry, EDMI has been constantly pushing the envelope in terms of innovation in its services," said Mr. Chua Kar Pin, Research Associate, Best Practices Division, Asia Pacific at Frost & Sullivan.
He added that energy-intensive industries and some large commercial buildings have the need for effective power management systems and are willing to invest in smart meters to monitor and control their energy usage. Mr. Chua also said that EDMI was one of the few companies to identify this unmet need of customers and offer smart meter solutions and services on a leased basis to customers, a unique business model it used to successfully penetrate the highly potential Singapore market.
He also said that the Singapore smart meters market has been tightly contested, with top participants competing aggressively for a share of the booming market. "EDMI, as one of the top participants, has demonstrated its adoption of best practices and is constantly in the forefront in terms of keeping up with technological evolutions and innovations in products and services," he added.
"We are honored to receive the Company of the Year award in Singapore Smart Meters Industry from Frost & Sullivan, a reputable consulting firm," said Mr. Lee Kwang Mong, Group Managing Director at EDMI Limited.
"The award is a validation of our work in the smart meters industry in Singapore. We remained committed to deliver excellence in the smart meters industry in Singapore," he added.
The Frost & Sullivan Singapore Excellence awards have identified and honored best-in-class companies that have demonstrated excellence in their respective industries.
The recipients of the 2015 Frost & Sullivan Singapore Excellence Awards were identified based on an in-depth research conducted by Frost & Sullivan's analysts. The award categories offered each year are carefully reviewed and evaluated to reflect the current market landscape and include new emerging trends.
The short-listed companies were evaluated on a variety of actual market performance indicators which include revenue growth; market share and growth in market share; leadership in product innovation; marketing strategy and business development strategy.