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AERCO Receives Frost & Sullivan Best Practices Award for Technology Leadership
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Northvale, NJ (October 18, 2004) - AERCO International has been awarded the prestigious 2004 Frost & Sullivan Best Practices Award for Technology Leadership in the field of high-efficiency heating in the 10-200 boiler horsepower (BHP) market space. With this highly coveted award, Frost & Sullivan, the global leader in growth consulting, recognizes AERCO's demonstrated excellence within the industry during all stages of the technology life cycle, including incubation, adaptation, take-up and maturity.
Frost & Sullivan's analysts credited AERCO with creating the high-efficiency category in the US by introducing the first condensing and fully modulating, one million BTU/hour boiler in 1988. They were equally impressed with AERCO's record of innovation throughout the 15 subsequent years during which the category began to fully evolve. Cited examples of the company's leadership in the heating industry include:
- Patenting air/fuel valve technology to support unmatched 14:1 and 20:1 modulation;
- Growing the market by evolving from one to two million BTU/hr equipment;
- Introducing a multiple boiler management system to meet the new market's control requirements;
- Fulfilling environmental requirements (Low NOx) with 11:1 turn-down.
"The award stems from more than 300 hours of rigorously conducted research by Frost & Sullivan analysts as part of the development of an independent industry analysis of the North American Commercial & Institutional Boilers Market," said Jorge Moreno, research analyst at Frost & Sullivan. "AERCO's reputation within the industry was the key to its nomination, and its long history of technological innovation, and that innovation's impact upon the market, was the ultimate key in winning the award."
"We at AERCO are particularly proud of this honor because it is based on an industry reputation that has thrived for 55 years," said Fred W. Depuy, president of AERCO. "It is especially rewarding to learn that our industry peers recognize AERCO's on-going commitment to technological innovation and our proven record of success."
About AERCO
AERCO offers commercial boilers and water heaters that simplify infrastructure, reduce project costs and minimize lifecycle expenses for value-driven schools, hospitals and others seeking long-lasting, reliable, high-efficiency equipment. Founded in 1949, AERCO originated tankless water heating, introduced the first modulating and condensing gas-fired unit for the commercial market and helped pioneer the high-efficiency boiler category. For more information, contact AERCO at 800.526.0288 or visit www.aerco.com.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company founded in 1961, partners with clients to create value through innovative growth strategies. The foundation of this partnership approach is our Growth Partnership Services platform, whereby the company provides industry research, marketing strategies, consulting and training to our clients to help grow their business. A key benefit that Frost & Sullivan brings to its clients is a global perspective on a broad range of industries, markets, technologies, econometrics, and demographics. With a client list that includes Global 1000 companies, emerging companies, as well as the investment community, Frost & Sullivan has evolved into one of the premier growth consulting companies in the world.
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