seepex Receives Innovation Award
seepex, Inc. in Enon, Ohio, has been presented the 2007 Global Positive Displacement Rotary Pumps Technology Innovation of the Year Award by Frost & Sullivan, a global growth consulting company headquartered in Palo Alto, California and with offices around the world. The basis of the award is “seepex’s superior product portfolio and customer-centric approach coupled with a strong commitment to innovation …” said Dushyant Mehra, the Frost & Sullivan analyst responsible for researching the rotary PD pump market. The award was presented at a banquet at the Hilton Alexandria Mark Center in Alexandria, VA on July 25, 2007.
Nearly 90 North American pump manufacturers were analyzed in the Frost & Sullivan study. Pumps are second only to electric motors as the most commonly used piece of industrial equipment. The growth rate of the industry, as a whole, is estimated at 3.5% per year in 2006. seepex has been averaging a growth rate in excess of 15% per year over the last ten years.
seepex has a diverse customer base serving a broad range of industries. It was cited by Frost & Sullivan for the particularly unique products it sells to the oil & gas production market, food and beverage manufacturers and pumps that are used for metering applications in water and wastewater treatment plants, paper mills and power plants. seepex also has taken a leadership position in the use of variable speed controls and energy savings, introducing pumps with higher operating efficiencies, energy savings software and pumps with adjustable components that can optimize longevity and efficiency.
The award was accepted by Michael L. Dillon, president of seepex Inc.
