Siemens Receives Global Machine Safety Customer Value Enhancement Award

Company scores top ranking in machine safety markets

News provided by

Jun 09, 2011, 05:33 ET

ATLANTA, June 8, 2011 /PRNewswire/ -- Siemens announces that the company has received the 2011 Global Machine Safety Customer Value Enhancement Award from Frost & Sullivan.

To view the multimedia assets associated with this release, go to: http://multivu.prnewswire.com/mnr/siemens/50590/

(Photo: http://photos.prnewswire.com/prnh/20110608/MM14841)

The Frost & Sullivan Award for Customer Value Enhancement is presented each year to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on investment for customers in its services or products.

"This award recognizes Siemens inordinate focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion," said Frost & Sullivan Industry Analyst, Muthuraman Ramasamy. "Siemens continues to excel at its key performance drivers in the world machine safety market, including expansion of its customer base, bundling of new and unique products (including Siemens SIMATIC controllers, SIRIUS Innovations, SINAMICS and SCALANCE), thus exceeding customer demands for innovative products, and providing an efficient and effective sales channel to fulfill end-to-end customer needs," adds Ramasamy.

"Our products, teamwork, innovation and results-oriented solutions are inextricably linked to our number one ranking globally in the machine safety market, and this award not only drives us to work harder, but also work smarter in exceeding expectations and anticipating the next generation of requirements from our end users," said Raj Batra, president, Industry Automation Division for Siemens Industry, Inc. "Siemens has built a solid platform for us to continue to excel in this category, translating into valued partnerships with existing and potential end users."

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 http://www.frost.com.

Siemens Industry

Siemens Industry, Inc. is the U.S. affiliate of Siemens' global Industry Sector business—the world's leading supplier of production, transportation and building technology solutions. The company's integrated hardware and software technologies enable comprehensive industry-specific solutions for industrial and infrastructure providers to increase their productivity, sustainability and profitability. The Industry Sector includes six divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and Osram Sylvania. With nearly 204,000 Siemens Industry Sector employees worldwide, the Industry Sector posted a worldwide profit of $4.7 billion on revenues of $47.3 billion in fiscal 2010. www.usa.siemens.com/Industry

Industry Automation

A division of Siemens Industry, Inc., the Industry Automation Division is a global leader in the fields of automation systems, low-voltage switchgear and industrial software. Industry Automation's portfolio ranges from standard products for the manufacturing and process industries to enterprise-wide automation solutions for automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value chain of manufacturers – from product design and development to production, sales, as well as a wide range of maintenance services. With nearly 33,000 employees worldwide, Industry Automation posted worldwide revenues of $8.4 billion in fiscal year 2010. www.usa.siemens.com/automation

SOURCE Siemens