San Diego, California, SKF Reliability Systems - the Frost & Sullivan Award for Competitive Strategy Leadership of the Year in the vibration monitoring equipment market was presented to SKF Reliability Systems, 'for its continuous focus on providing innovative solutions that have helped customers achieve faster time to market, reduce operating costs, and get better returns on their investments.'



The award research highlighted SKF brand recognition, and in particular the high quality of the SKF product and service offering, stating 'With over 100 years of experience working with original equipment manufacturers of various types of industrial equipment, SKF continues to redefine the standards for quality and performance in the global vibration monitoring industry. This being a highly competitive market, retaining market share is one of the most important challenges that manufacturers are facing. SKF benefits from a strong brand image, and the quality of its equipment and services is perceived to be of the highest order, helping it improve its competitive position in the market.'



Dan Bradley, President of SKF Reliability Systems commented, 'We are delighted to receive this award in the face of strong global competition. SKF's near-century tradition of excellence in bearings and machine reliability has evolved in response to industry needs. Through SKF Reliability Systems we now provide a single source for a complete productivity solution. Our goal is to help our customers reduce total machine related costs, enhance productivity and strengthen profitability. SKF stands alone as a total solution provider for maximizing machine and plant productivity.



With our reputation for quality, technological innovation and service that spans the globe, SKF brings what no other vendor can to the maintenance arena.'



The award research concluded by stating - 'In a challenging and competitive environment such as the world vibration monitoring equipment market, SKF Reliability Systems, through its high-quality products and commitment toward providing the highest level of customer service, is a worthy recipient of the Frost & Sullivan Competitive Strategy Leadership of the Year Award. The company has consistently demonstrated its commitment to enhance its offerings in terms of technology, quality, and service to meet the key requirements of its end-users, which is expected to propel its growth in the future.'



Award Description

The Frost & Sullivan Award for Competitive Strategy Leadership of the Year is presented to a company whose competitive strategy has yielded significant gains in market share during the research period. Often, the recognized company has taken advantage of recent market changes that facilitate the introduction of never-before seen methods of capturing and solidifying market presence. Alternatively, the Award recipient may have executed an innovative strategy within the existing competitive landscape, empowering the company to overtake the competition. In either case, the company captures the attention of the competition, which quickly adjusts in order to protect its own market position. Frost & Sullivan analysts expect such innovations to produce lasting, precedent-setting trends in the industry.



SKF Reliability Systems is part of the worldwide SKF Service Division. The SKF Service Division provides end users with a full range of bearings and related products and services through a worldwide network of approximately 7,000 authorized distributors. The organization's condition monitoring and service businesses help end-users extend machine service life, reduce overall maintenance costs and improve plant efficiency by creating integrated solutions utilizing advanced technology and reliability maintenance management.



About SKF

SKF is a leading global supplier in the areas of bearings, seals, mechatronics, services and lubrication systems. The Group's service offer includes technical support, maintenance services, engineering consultancy and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. The Group's annual sales 2009 were SEK 56,227 million. The number of employees was 41,172. www.skf.com.

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