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PerkinElmer India Pvt. Ltd. Conferred the Frost & Sullivan 2008 Indian Laboratory Analytical Instruments Market Growth Excellence Award

Posted on: Thursday, 8 January 2009, 03:20 CST

MUMBAI, India, January 8 /PRNewswire/ -- Frost & Sullivan, at the recently held awards function, felicitated PerkinElmer India Pvt. Ltd. with the 2008 India Growth Excellence Award in the Indian Laboratory Analytical Instruments Market for demonstrating excellence in its sales, product innovation, and competitive strategies. These integrated strategies have resulted in its impressive market penetration and helped the company position itself as a key player in the analytical instruments market.

The Frost & Sullivan Growth Excellence Award is bestowed each year upon the company that has demonstrated excellence in implementing and sustaining growth in shipments, revenues, and profitability.

"We are honored that Frost & Sullivan has recognized the success of our business in India," commented Fedja Bobanovic, President, PerkinElmer India. "India's flourishing life and analytical sciences markets and enhanced business infrastructure makes it one of the fastest growing markets for our company to tap. We are committed to working and growing in the region, and expect continued strong revenue growth in India over the next several years."

Mr. Y. S. Shashidhar, Vice President, Industrial Practice, Frost & Sullivan, said, "The Growth Excellence Award conferred on PerkinElmer is in recognition of its sustained growth over the years and its tactical move to offer a solutions-based approach against box sales for the analytical instruments market in India. Moreover, the growth of the company - through its acquisitions, actions on customer feedback, and a strong distribution network reflects its focus and commitment to the Indian market for the long haul."

The recipient of the Frost & Sullivan Growth Excellence Award is chosen on the basis of certain specific criteria. Through primary and secondary research methods, all companies' market revenues are tracked and those exhibiting significant growth are noted for their strategic implementation. Revenues are then compared year-on-year to monitor growth patterns. When a company continues to show high growth rates in unit shipments, revenues, and profitability, it is then considered as a candidate for the Frost & Sullivan Growth Excellence Award.

Frost & Sullivan uses a Growth Excellence Matrix (GEM) to plot the positions of competitors in the market. Frost & Sullivan's GEM methodology focuses on various factors that showcase a company's growth potential including include company growth vis-a-vis industry growth, global perspective on strategy, synthesis of technology perspective, best practice perspective, a growth pipeline, team consensus on growth strategy, best practices for marketing, best practices for management and leadership, and a sense of urgency in implementation. The results of this competitive benchmarking research are then plotted onto the GEM, to identify relative market positioning.

This Award is given to the company that has bolstered its position in the market during the base year and whose strategy will have a lasting impact on the market. Some Award criteria are:

About Frost & Sullivan - "We Accelerate Growth"

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting, and Growth Team Membership empower clients to create a growth-focused culture that generates, evaluates, and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 30 offices in six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.

About PerkinElmer

PerkinElmer India, a wholly-owned subsidiary of PerkinElmer, operates as direct sales, service, and marketing operation, targeting India's thriving life science and analytical instrumentation markets. PerkinElmer is uniquely and strongly positioned in Indian market with its broad solution offerings in Inorganic, Material Characterization business to cover approximately 1500 customers across various industries, including pharmaceutical, government, environmental, petrochemical, and chemical. The company provides precision instrumentation, testing systems and components, and software and services for a wide range of scientific and industrial laboratory applications. Its products are used in predictive diagnostics, personalized medicine, and environmental monitoring.

PerkinElmer, Inc. is a global leader focused on improving the health and safety of people and their environment. The company reported revenues of $1.8 billion in 2007, has approximately 9,100 employees serving customers in more than 150 countries, and is a component of the S&P 500 Index. Additional information is available through http://www.perkinelmer.com or 1-877-PKI-NYSE.

SOURCE Frost & Sullivan (India) Pvt. Ltd.

Source: PR Newswire

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