SAN ANTONIO, TX (November 1, 2004) - Gore Fuel Cell Technologies has been honored with the Frost & Sullivan 2005 Excellence in Technology of the Year Award, it was announced today at Fuel Cell Seminar.
The Excellence in Technology of the Year Award is presented to the company that has pioneered the development and introduction of an innovative technology into the market. The award recognizes developments that are expected to bring significant contributions to the industry in terms of adoption, change and competitive posture. It also recognizes the overall technical excellence of a company and its commitment towards technology innovation.
"Without reservation, Frost & Sullivan's Award for Excellence in Technology of the Year recognizes Gore Fuel Cell Technologies for developing its innovative portfolio of GORE™ MEA (membrane electrode assemblies)" said Vijay Murthy, Frost & Sullivan Research Analyst. "This innovative technology from Gore, which significantly lowers operational costs while at the same time boosting fuel cell durability and performance, could revolutionize the fuel cell industry and accelerate commercial adoption."
According to Frost & Sullivan research, Gore has long been a pioneer in the field of fuel cells. Backed by more than a decade of intensive research and development, Gore has steadily built up an innovative portfolio of MEA products that have been well received by the industry. Already, Gore has shipped more than four times the next closest competing material set. The fuel cell industry's top players now incorporate Gore's cost effective and highly durable MEAs into their system designs.
To choose the award recipient, Frost & Sullivan's analyst team tracks technology innovation in key high-tech markets. The selection process includes primary participant interviews and extensive primary and secondary research via the bottom-up approach. The analyst team shortlists candidates on the basis of a set of qualitative and quantitative measurements. The analysts also consider the pace of technology innovation and the potential significance of the technology to the overall industry.
ABOUT GORE FUEL CELL TECHNOLOGIES
Gore Fuel Cell Technologies is a division of W. L. Gore & Associates, Inc. The company develops next-generation technology solutions for energy, chemical processing, pollution control, medical and electronics applications, along with leading consumer brands like GORE-TEX® fabric. Headquartered in Newark, DE, Gore maintains operations in 45 locations worldwide and posts annual sales exceeding $1.6 billion. For more information, visit www.gore.com .
ABOUT FROST & SULLIVAN
Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan Awards are presented to companies that demonstrate excellence in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. For more information, visit www.frost.com .
W.L. Gore & Associates