Stock Exchange & Press Releases 2009

Print Print this release
Elektrobit Group Oyj - EB RECEIVES FROST & SULLIVAN AWARD FOR ITS VERSATILE PRODUCT LINE STRATEGY

October 07, 2009

EB RECEIVES FROST & SULLIVAN AWARD FOR ITS VERSATILE PRODUCT LINE STRATEGY


Press release
EB RECEIVES FROST & SULLIVAN AWARD FOR ITS VERSATILE PRODUCT LINE STRATEGY
Award recognizes EB's outstanding ability to address customer needs and product demands
 
Erlangen, Germany, 7 October 2009 - EB, Elektrobit Corporation (OMX: EBC1V), the leading supplier of embedded software and hardware solutions for automotive and wireless industries announces that its automotive product line strategy was honoured with the "Frost & Sullivan 2009 European Automotive Telematics and Infotainment Product Line Strategy Award".
 
According to Frost & Sullivan the award is in recognition of EB's outstanding ability to address customer needs and product demands with its versatile product lines. "At EB we feel honored by receiving this award as it confirms the strategy for our products which can be delivered at various prices, performance and features as required by the market" states Jarkko Sairanen, head of EB's Automotive Software Business.
 
EB addresses three major application areas, namely body control, human machine interface and navigation, with its expertise and subsequently has three main product lines: EB tresos is the product family for ECU software development, EB GUIDE caters to human machine interface development and EB street director provides white-label navigation software.
 
Vishnu Muralidharan, Research Analyst from Frost & Sullivan says "With its well-balanced product line the company has delivered innovative solutions to major automakers such as Audi, BMW, Fiat and Ford. EB's products have a wide spectrum of applications, e.g. supplying FlexRay solutions to BMW and low-cost mobile navigation to Ford. With the white-label navigation solution EB street director, EB has demonstrated reusability of software, thereby reducing costs and development time." Vishnu sums up: "This award is in recognition of the company's outstanding ability to address customer needs and product demands with its versatile product line."
 
About Best Practices
Frost & Sullivan Best Practices Awards recognize 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.
 
Martin Schleicher                                                  
Vice President, Infotainment Products and Platforms
EB, Elektrobit                                                         
 
 
Contact person for the editorial team
Karin Haubner
Public Relations, Automotive Software Business
EB, Elektrobit
Am Wolfsmantel 46
91058 Erlangen
Germany
Phone    +49 9131 7701 6101
E-Mail:   [email protected]
 
 
Please find these and other EB press releases in the Internet at: http://www.elektrobit.com/whats_new/press_releases
 
About Frost & Sullivan
Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com .
 
EB, Elektrobit Corporation
EB develops advanced technology and transforms it into enriching end user experiences. EB specializes in demanding embedded software and hardware solutions for the automotive industry and wireless technologies. The company's net sales for the year 2008 totaled EUR 172.3 million. Elektrobit Corporation is listed on NASDAQ OMX Helsinki. www.elektrobit.com
 
EB's Automotive Software Business
EB's Automotive Software Business has established itself internationally as one of the most important suppliers of embedded software solutions for the automotive industry. In addition to the development of innovative products, it also specializes in services and consulting for the automotive industry, supplying implementations of serial software solutions for a broad range of AUTOSAR and FlexRay, Infotainment, Navigation, HMI and Driver Assistance systems.