Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Methode Electronics Europe Honoured with 2007 Frost & Sullivan Growth Strategy Leadership Award - Frost & Sullivan confers the 2007 Growth Strategy Leadership of the Year Award in the European automotive electronics market on Methode Electronics Europe (NASDAQ: METH) - Its customers include Audi, Aston Martin, Volkswagen, Alfa Romeo, Porsche
Methode Electronics Europe Honoured with 2007 Frost & Sullivan Growth Strategy Leadership Award

 

PRZOOM - /newswire/ - London, United Kingdom, 2007/05/17 - Frost & Sullivan confers the 2007 Growth Strategy Leadership of the Year Award in the European automotive electronics market on Methode Electronics Europe (NASDAQ: METH) - Its customers include Audi, Aston Martin, Volkswagen, Alfa Romeo, Porsche.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

This Award is presented in recognition of the company’s exceptional growth strategy to increase its market share for hidden and steering wheel switches in the region.

Methode Electronics Europe is involved in developing human-machine interface (HMI) products, which include hidden switches, ergo switches, as well as linear and rotary sensors for automotive applications. Its business is strategically located in some of the largest European automotive markets. Although the European HMI market is growing at a very slow pace, the company has succeeded in winning new businesses, while demonstrating solid growth in automotive sales.

The company’s superior capabilities in manufacturing steering wheel switches, sensors, incremental optical encoders and hidden switches have been responsible for its growth. “Methode Electronics’ success has been due to the fact that it has clearly identified its strengths in the European HMI market and is working towards growing stronger in this particular area,” notes Frost & Sullivan Research Analyst Vinay Joshi. “The business continues to be focussed on increasing the market share of hidden switches, steering wheel mounted switches and steering angle and position sensors.”

In addition to traditional customers such as Ford and GM, Methode Electronics Europe has been able to expand its customer portfolio since 2002 due to its commitment toward developing innovative and cost-effective products. Its customers include Audi, Aston Martin, Volkswagen, Alfa Romeo, Fiat, Porsche and Daimler-Chrysler.

With high focus on innovation, the company has consistently developed and pioneered various electronics solutions. It has patented hidden switches and smart sensors for a multitude of position sensing applications and is leveraging these products to increase its market share in the region.

“Safety has also been identified as a key growth area in Europe and hence, Methode Electronics has developed steering angle sensors for application in electronic stability control (ESC) systems,” says Mr. Joshi. “With ESC expected to experience the highest installation rates in the European market till 2015, the company is well positioned to increase its market share.”

Methode Electronics’ U.S. automotive operation has a long history in developing and pioneering steering wheel mounted switches. Due to the growing demand for these switches in Europe, the company has introduced this product in the European market as well.

In view of the increasing demand for multi-modality, the company’s European business is likely to experience further growth in its market share. Moreover, Methode Electronics Europe is also leading in the development of rotary as well as intelligent linear sensors, which enables it to extend its customer base and market share.

On March 1, 2007, Methode Electronics, Inc. acquired TouchSensor Technologies. TouchSensor is the North American market leader in solid-state, field-effect switching. TouchSensor products are found on such consumer goods as cook tops, wall ovens and ranges, washing machines, bath and shower controls and exercise equipment. Their products are also beginning to be used in automotive applications, such as the 2007 BMW X5 radio controls and an interior switch application on a U.S. domestic vehicle for the 2008 model year.

The company has entered into a long-term partnership with Sensor Dynamics. “This partnership leverages its expertise in eddy current inductive sensing and Sensor Dynamics’ experience in fail-safe micro sensors and micro electromechanical sensors,” explains Mr. Joshi. “The company is also looking at a potential joint venture with an Indian company, which will enable it to increase its customer portfolio and gain from low-cost manufacturing.”

The Frost & Sullivan Award for Growth Strategy Leadership of the Year is presented to the company that has demonstrated an exceptional growth strategy within its industry.

Frost & Sullivan Best Practices Awards recognise 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 extensive secondary research in order to identify best practices in the industry.

About Methode Electronics Europe

Methode Electronics Europe (methode.com) is the European automotive division of Methode Electronics Inc. (NASDAQ: METH). Methode Electronics, Inc. designs, manufactures, and markets component devices and subsystems worldwide for OEMs. Methode's components are found in the primary end markets of automotive, information processing and networking equipment, voice and data communications systems, consumer electronics, aerospace vehicles, and industrial equipment. Its products employ electrical, electronic, and opto-electronic technologies such as sensors, interconnect, and controls.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


Methode Electronics Europe Honoured with 2007 Frost & Sullivan Growth Strategy Leadership Award

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan |
Contact: Sandra Holze 
+44 20 7915 7866 sandra.holze[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Automotive/Trucking/RV Most Recent Related Press Releases:

The NEOPLAN Skyliner Has Been Awarded The ‘International Busplaner Sustainability Prize 2017’
First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today