|By PR Newswire||
|January 4, 2006 07:47 PM EST||
PALO ALTO, Calif., Jan. 4 /PRNewswire/ -- Frost & Sullivan recently presented its 2006 Market Leadership of the Year Award to RecepTec, LLC in recognition of its technology proficiency and market leadership attributes that have enabled it to become the leader in the North American satellite radio antenna systems market.
"RecepTec's strong emphasis on developing customer-focused satellite radio antenna systems has helped it rapidly penetrate the market, which is further helped by its global research and development and marketing teams," said Frost & Sullivan industry analyst Sandeep Kar. "The company enjoys significant brand equity in its market as a supplier of innovative and technologically advanced antenna systems that complement the antenna integration philosophies of automakers and Tier 1 suppliers."
Radio is the most preferred infotainment medium for drivers, and, given the large population of light vehicles in North America, the growth potential of the satellite radio market is enormous. RecepTec's continuous introduction of highly advanced and powerful antenna systems has been instrumental in bringing satellite radios to light vehicles in North America.
With automakers actively incorporating satellite radio in their vehicles, rapidly decreasing prices, and the addition of features in plug-and-play devices, the satellite radio market is likely to experience long-term growth.
RecepTec has established itself firmly as the market share leader in this emerging market, generating over 70 percent of the market's revenues in North America. The company offers antenna systems directly to automakers in North America and also to Tier 1 suppliers.
RecepTec manufactures satellite radio antennas that can receive both XM and Sirius satellite radio broadcasts. Six low-cost manufacturing locations in North America, Europe and Asia and technical centers in Michigan and Hildesheim, Germany allow the company to deliver its antennas to vehicle makers in these three continents at attractive prices. RecepTec supplies satellite radio antennas to almost all of the world's major vehicle makers, as well as to major audio brand names serving the automobile, home, and boat aftermarkets.
The company continuously integrates advanced reception capabilities into its product line and decreasing the form-factors of its products. The testing and validation programs of the company put its products through several extensive full vehicle and ground plane antenna simulations, thereby ensuring reliable performance of its vehicle-mounted antenna systems.
"RecepTec's comprehensive R&D expertise in satellite radio signal reception technologies and its strong relationships with vehicle makers, satellite radio systems manufacturers, and service providers will enable it to capitalize on its early-mover advantage and continue to lead the market in the coming years," reiterates Kar.
Frost & Sullivan presents this Award each year to a company that has exhibited market share leadership by implementing market strategy. The Award lauds excellence in all areas of the market leadership process, including the identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing these market dynamics.
About RecepTec, LLC
RecepTec was formed in 1999, with technical and sales centers in Grand Blanc, Michigan and Hildesheim, Germany. During its six years of operations, RecepTec has grown rapidly to become one of the leading suppliers of antennas and integrated reception systems to the global automotive industry. RecepTec's strength derives from its ability to provide advanced, integrated solutions across multiple reception functions, including AM/FM, TV, GPS, AMPS, PCS and satellite. This technical expertise is coupled with a unique flexibility to manufacture and supply products from any one of six low-cost manufacturing locations around the world selected by its customers.
Contact: Ralf Duersch 810.695.9810 x224 [email protected] About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com/ .
Contact: Stacie Jones 210.247.2450 [email protected]Frost & Sullivan
Web site: http://www.frost.com/
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