WAUKESHA, Wis., March 20, 2015 /PRNewswire/ -- Generac Power
Systems, a leading designer and manufacturer of backup power
generators and engine-powered tools, is pleased to announce that it
has been honored with the 2014 Natural Gas Generator Company of the
Year Award from Frost & Sullivan for its contribution to the
North American natural gas generator set industry.
Recipients of this prestigious award are selected based on their
demonstration of excellence in growth, innovation and leadership.
According to Frost & Sullivan chairman David Frigstad, "Businesses that receive the
Company of the Year Award have a keen eye to the
future and drive innovation that meets future needs before they
become commonly visible, thereby often being first to market with
new solutions."
Generac received the award for its continuous performance in
identifying untapped needs in the market and its ability to develop
product solutions for residential, commercial, industrial and
mobile applications that utilize natural gas. The company's
strategic business acquisitions were also noted for extending
Generac's long-term growth opportunities.
"We are honored to accept this award from Frost & Sullivan,
which recognizes our current achievements and the path to our
future success," said Aaron
Jagdfeld, president and chief executive officer of Generac
Power Systems. "I'd also like to thank the employees at Generac for
their incredible work ethic. This award is a result of their
dedication and commitment to excellence, which has made everything
we do possible."
In the award recognition, Frost & Sullivan highlighted
Generac's natural gas products. Generac's innovations have made
gaseous-fueled generators more powerful and cost effective. Natural
gas units offer extended run times during power outages because
there is no need to refuel. These products don't require on-site
fuel storage, which eliminates fuel maintenance and spillage
concerns. Special permitting also is not required. Along with these
benefits, natural gas units have enabled customers to significantly
reduce operating costs, saving thousands of dollars each year.
Another advancement is the use of these products in the oil and gas
industry. Generators can be used to power remote sites by utilizing
the existing natural gas source. This helps to reduce flaring,
providing faster return on investment for customers.
Frost & Sullivan evaluates two key factors in determining
the Company of the Year: visionary innovation and performance, and
customer impact. For more information on how award recipients are
selected, click here.
For additional information on Generac, visit
www.Generac.com.
About Generac (NYSE: GNRC)
Generac Power Systems (NYSE: GNRC) is a leading global supplier of
backup power and prime power products, systems, and engine-powered
tools. Back in 1959, our founder was committed to designing,
engineering, and manufacturing the first affordable backup
generator. Fifty-five years later, the same dedication to
innovation, durability and excellence has resulted in the company's
ability to expand its industry-leading product portfolio into homes
and small businesses, on job sites, and in industrial and mobile
applications across the globe. Generac offers backup and prime
power systems up to 100 MW, and uses a variety of fuel sources to
support power needs for our customers. We are proud to be named the
Frost & Sullivan 2014 North American Natural Gas Generator Set
Company of the Year.
About Frost & Sullivan
Frost & Sullivan,
The Growth Partnership Company, enables clients to accelerate
growth and achievement through growth, innovation and leadership.
The company's Growth Partnership Services provide the CEO, as well
as 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://frost.com.
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SOURCE Generac Power Systems