The company has experienced remarkable success by addressing an unmet need for customized products for applications, rather than simply offering generic products that worked well only in certain applications.
Québec, Canada (PRWEB) March 15, 2014
This prestigious award was presented to Eddyfi following a rigorous nondestructive testing (NDT) equipment market competition comparison analysis by Frost & Sullivan based on five criteria:
- Growth strategy excellence
- Growth implementation excellence
- Degree of innovation with products and technologies
- Leadership in customer value
- Speed of response to market needs
In its press release, Frost & Sullivan explains: “The company has experienced remarkable success by addressing an unmet need for customized products for applications, rather than simply offering generic products that worked well only in certain applications.”
In four years, Eddyfi has grown from a five-employee start-up to an 80-employee company by expanding its application scope from surface inspections in the power generation industry to both surface and tubing in power generation, oil and gas, aerospace, and mining. The company invests 20 to 25 percent of its revenue in research and development, and dedicates approximately 40 percent of its staff to new product development.
Martin Thériault, President of Eddyfi, said: “We are thrilled to receive this award, as it is another confirmation that we are moving in the right direction. Eddyfi is a customer-centric, innovation-driven company that aims at pushing back the limits of NDT technology by developing new applications that provide maximum value for our customers. This award comes at a very interesting time as we are scaling up our business with key industry personnel and new offices in the USA (Houston) and the Middle East.”
For the complete Frost & Sullivan press release, visit http://goo.gl/N4d4Ie.