Aquatech International Corporation Receives Frost & Sullivan Awards for Company of the Year and Technology Leadership
Company gains edge through technology advancement and game-changing regional strategies in water and wastewater treatment market
MOUNTAIN VIEW, Calif. June 1, 2011 - Based on recent research, Aquatech International Corporation (Aquatech) has received two awards from Frost & Sullivan-the 2010 Global Frost & Sullivan Award for Technology Leadership in Zero Liquid Discharge (ZLD) systems for global water and wastewater management in power plants market, as well as the 2010 North American Company of the Year Award in water and wastewater treatment for the oil and gas industry.
Aquatech has emerged as a strong global player offering niche ZLD solutions to power plants. Thermal power plants, especially coal fired plants, consume large quantities of water and release harmful effluents. As a result, they face stiff opposition and restriction from environmental agencies and are always on the look out for efficient and advanced technology that will enable them to effectively limit waste matter. Zero Liquid Discharge solutions offered by Aquatech utilizing both membrane and thermal technology have been very effective in eliminating wastewater discharges from power plants. The technology has been instrumental in helping power plants achieve environmental compliance and thus create a positive brand image.
"Delivering high efficiency at a reasonable price has been the unique selling point of Aquatech's ZLD technology and this has certainly helped win key projects and clients, making it the market leader in ZLD technology," said Frost & Sullivan research analyst Karthikeyan Ravikumar. "The company has also been working closely with its clients in the power and petrochemical sector to educate them about the advantages of employing ZLD technology."
In comparison to other suppliers of ZLD, Aquatech is a one-stop shop. Strong expertise as an engineering, procurement and construction (EPC) provider has enabled it to cover all aspects of a project and to act as a single point of contact to its customers.
In the volatile global oil and gas markets, Aquatech is a key solution provider that end-users trust to provide process water, wastewater, recycling, and zero discharge solutions for new and old upstream and downstream opportunities. Aquatech has worked to design cost-effective solutions that meet specific water treatment specifications, assuring compliance with independent regional regulations with the ever-increasing environmental impact concerns of the local community. Furthermore, Aquatech is expanding with new partnerships for the development of new technologies, which will meet the new demands of end-users.
Aquatech's successful growth approaches include regional strategies and global sourcing, engineering, procurement & construction, operations and maintenance as well as onsite service capabilities to suit logistics of project sites throughout the world. Aquatech also has the capability to deliver projects on a build, own, operate and transfer (BOOT) basis. "Unlike its competitors, who are focusing on meeting general industry requirements, Aquatech incorporates unique strategies to enable growth that coincides with individual regions for which it looks to expand in." said Frost & Sullivan industry analyst Ankur Jajoo.
"For instance, the focus in Europe has been on providing local support to Aquatech's key petrochemical and oil and gas clients in regional parts of North and South Africa to work on resolving water scarcity challenges in key water-starved regions. Within Europe and Africa, Aquatech provides excellent service and support to its clients while delivering the most advanced technology solutions. This has provided the benchmark for Aquatech to become a household name within the water and wastewater treatment in the oil and gas industry across these regions, thus providing further expansion within the ever-growing Asian market, as well as South America and Australia". This has significantly helped in the growth of the company worldwide in the last five years by focusing on regional growth drivers.
Based on all these factors, Frost and Sullivan is proud to present Aquatech with the awards for Technology Leadership Award in the ZLD systems in the global water and wastewater management in power plants market and the 2010 North American Company of the Year Award in water and wastewater treatment in the oil and gas industry.
While the Technology Leadership Award lauds uniqueness in developing and leveraging technologies, which significantly impacts both the functionality and the customer value of the new products and applications as well as the brand perception of the company, the Company of the Year Award recognizes excellence in terms of growth strategy and implementation. It highlights the high degree of innovation with products and technologies and the resulting leadership in terms of customer value and market penetration.
Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and secondary research in order to identify best practices in the industry.
About Aquatech International Corporation
Aquatech is a global leader in water purification technology for industrial and infrastructure markets with a focus on desalination, water reuse and zero liquid discharge. The company is headquartered in the United States with offices throughout North America, and significant presence worldwide through subsidiaries in Europe, the Middle East, India and China. Aquatech has global sourcing, EPC, O&M and onsite service capabilities to suit logistics of project sites throughout the world and also has the capability to deliver projects on a BOOT basis. The company entered the ZLD business in 2000 through the acquisition of Aqua-Chem and has also emerged as a strong player in offering water and wastewater water treatment solutions to oil and gas refineries.
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 the 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 www.awards.frost.com.
