DGAP-News: Frost&Sullivan Presents RAE Systems With Global Leadership Award in
Gas Detection
(firmenpresse) - RAE Systems / Key word(s): Miscellaneous
28.03.2013 13:55
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SAN JOSE, CA -- (Marketwire) -- 03/28/13 -- RAE Systems, Inc., a
leading provider of toxic-gas and radiation monitoring solutions,
today announced it has received the prestigious Frost&Sullivan
Global Leadership Award for gas detection, based on the global
research organization's independent market research.
The annual award showcases companies in various market segments that
capture the highest annual compounded growth over the past five years
based on Frost&Sullivan's independent analysis of worldwide
markets. In the three-year period ended Dec. 31, RAE Systems achieved
an impressive average year-over-year revenue growth exceeding 13
percent, and in the past five years, realized a compounded annual
growth rate (CAGR) of 7 percent -- nearly double the industry CAGR.
'RAE Systems is a high-growth company that is gaining market share
faster than other market participants in the gas-detection space,
driven by its successful integration of wireless communication and
data transmission capabilities into its products,' said Frost&Sullivan Research Analyst Anita Pamu. 'RAE Systems has established
itself as a one-stop shop for gas detection and monitoring solutions.
Its rapidly-deployable, connected, intelligent gas and radiation
detection systems enable real-time delivery of safety and security
threat detection, and are used for risk mitigation, asset protection
and worker safety by major global organizations in energy, oil and
gas exploration and refining, industrial, HazMat, military, first
response, public and sports venues.'
Wireless Gas Detection&Energy Market Success
Key findings in the
report include RAE Systems' successful use of wireless (data
transmission) technology in many of its products. This includes RAE
Systems' ProRAE Guardian, advanced monitoring software that provides
instantaneous access to real-time data, including physiological
parameters for workers in hazardous and stressful environments, and
location data of workers and emergency response teams.
'The ProRAE Guardian system acts as a 'mobile command and control
center' for situations that require real-time access to toxic gas and
radiation data across geographically dispersed teams,' said Pamu.
'This real-time data capability validates the effectiveness of the
gas detection and monitoring solution, and has the potential to
change the way gas-detection monitoring is done.'
The report also highlights the company's leadership in gas detection
for energy exploration and refining. 'RAE Systems is a proven
technology leader that owns and manufactures its own sensor
technology and is able to differentiate itself from its competitors
by offering a broad array of intelligent fixed and portable gas
detectors and transportable area monitors, especially in the growing
energy exploration and refining sector. RAE Systems has been able to
penetrate markets that were initially hesitant to adopt wireless data
transmission, like the oil and gas industry, by providing innovative
and reliable solutions for gas detection and monitoring. In addition
to its product and service offerings, it also offers a full range of
training and support materials, thus making it a comprehensive
technology and solution provider.'
Frost&Sullivan reports that RAE Systems' market position is
strengthened by successful introductions of new, innovative wireless
instruments, including its MeshGuard wireless gas-detection platform,
ToxiRAE Pro family of single-gas personal monitors, and its
'immensely successful' MultiRAE family of multi-gas handheld
instruments. According to the report, RAE Systems shipped more than
500,000 gas-detection units worldwide since 2002 and produces
20,000-plus sensors each month.
According to Frost&Sullivan, health and safety organizations --
such as the Occupational Safety and Health Administration (OSHA) and
the American Society of Heating, Refrigeration and Air Conditioning
Engineers (ASHRAE) -- are expanding industrial safety guidelines to
include worker health issues from long-term exposures. This trend
continues to build strong demand in the gas-detection sector for
innovative, high-performance and intelligent gas-detection systems
that enable real-time safety and health monitoring, and
security-threat detection.
'RAE Systems remains steadfast in its commitment to help global
safety professionals reduce risk, and keep workers, first-responders,
assets and the public safe with industry-leading gas-detection
solutions,' said RAE Systems' Chief Operating Officer Chris Toney.
'This recognition reflects RAE Systems' highly-differentiated
chemical and radiation detection systems and strong customer
relationships. We continue to expand into new markets through the
development of life-saving threat detection technologies and products
for our customers worldwide. The company will continue to
differentiate itself as a leader in delivering world-class wireless
gas sensors and radiation detection technologies, and drive growth
into new areas that will ultimately improve life-saving techniques.'
Learn More, See More
1. To download the Frost&Sullivan Global Leadership Award Report,
click HERE
(http://www.raesystems.com/sites/default/files/pages/attachments/RAE-Systems-F&S-Award.pdf).
2. To learn more about the new book, Wirelessly Networked Chemical&Radiation Detection Systems, and to read excerpts, including the
first chapter, click HERE (http://bit.ly/T2rgMx).
About Frost&Sullivan
Frost&Sullivan, the Growth Partnership
Company, enables clients to accelerate growth and achieve
best-in-class positions in growth, innovation and leadership. The
company's Growth Partnership Service Provides the CEO and CEO's
Growth Team with Disciplined research and best-practice models to
drive the generation, evaluation and implementation of powerful
growth strategies. Frost&Sullivan leverages 50 years of experience
in partnering with Global 1000 companies, emerging businesses and the
investment community from more than 40 offices on six continents. To
join our Growth Partnership, please visit http://www.frost.com
About RAE Systems
RAE Systems, Inc. innovates, designs and
manufactures gas sensors and radiation detectors. The company offers
a full line of fixed and portable gas detection solutions, including
handheld and personal chemical, compound and radiation detection
instruments. RAE Systems' real-time safety and detection systems have
been deployed by organizations in the oil and gas, fire and hazmat,
industrial safety, national security and environmental markets,
helping save lives and maintain safety in 120 countries. The
company's industry-leading gas sensors and radiation detection
solutions are widely recognized for their performance and
reliability. Learn more at raesystems.com.
News Source: Marketwire
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Language: English
Company: RAE SystemsUnited States
Phone:
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E-mail:
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ISIN: US75061P1021
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Datum: 28.03.2013 - 13:55 Uhr
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Gas Detection"
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