SINGAPORE -- German lighting group, OSRAM was honored with the 2015 Frost & Sullivan Asia Pacific Product Leadership Award in the LED lighting industry. The award was presented to OSRAM at the 2015 Frost & Sullivan Asia Pacific Best Practices Awards, held at the Conrad Centennial Singapore.
Ms. Yoo Ai Dee, Research Associate at Frost & Sullivan said that OSRAM's continuous efforts to improve innovations based on customers' demands have revolutionized the Asia-Pacific LED lighting market.
OSRAM's success in the LED lighting business has become possible through a clear focus on research and development as well as profound knowledge of the customer's needs. OSRAM has successfully expanded its business in Asia Pacific by partnering with local authorities to provide LED lighting installation and management services. Among other innovative products, the company has launched Lightify, a smart lighting system that is adjustable via a smartphone. OSRAM's Lightify smart lighting system is one proof point for the company's technological expertise, creating new dimensions for fascinating LED lighting applications.
Mr. Sam Wu, CEO of the APAC region at OSRAM, said that the company is honored to receive the Product Leadership Award from Frost & Sullivan, a reputable global consulting firm.
"As we are one of the world's leading lighting companies, technology and innovation are the foundation of our success. The award symbolizes the hard work, commitment and dedication of all our employees. We will continue to work hard to delight our customers with our products & lighting solutions," Mr. Wu added.
The Frost & Sullivan Asia Pacific Best Practice awards have identified and honored best-in-class companies that have demonstrated excellence in their respective industries. For more information, please visit http://www.apacbp-awards.com/.
The recipients of the 2015 Frost & Sullivan Asia Pacific Best Practices 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..