Palo Alto, Calif. — July 16, 2007 — Frost & Sullivan selected Airxchange, Inc. as the recipient of the 2007 North American Frost & Sullivan Award for Industry Innovation & Advancement in the energy recovery ventilation (ERV) market for pioneering the development of ERV technology.
The company provides original equipment manufacturers (OEMs) with the tools and information needed to integrate ERV into their product offerings to improve efficiency and maximize cost savings.
Airxchange’s high involvement in the industry and expertise in ERV has enabled it to spot trends and use the right information to be inventive and update its technology. This allows Airxchange to focus on the right markets.
The company’s overwhelming success and high adoption rate of its ERV product among OEMs is due to the technology provided by the company. Its technology is composed of parallel plate design that has a plastic media with embedded desiccant and, in many cases, a segmented design. This is a completely different concept from that of competitors’ and is distinctive for its lighter, cleanable, washable, and replacement features, making it much more maintenance friendly.
Moreover, OEMs tend to prefer Airxchange because of the support provided in developing all of the technology and its ability to aid recycling of energy while successfully addressing customer needs. Airxchange truly excels in supporting OEMs through its understanding of the industry in terms of standards, certification, and energy savings.
Airxchange is a pioneer in further extending the use of ERV by educating and involving organizations such as American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) and the Air-Conditioning and Refrigeration Institute (ARI).
“The company was among the first ERV companies to be ARI certified in 2001 and helped create and chair the first ARI section for this technology,” says Frost & Sullivan Research Analyst Jorge Moreno. “Today, Airxchange remains heavily involved in setting industry codes and standards.”
Airxchange has proven to be a valuable resource in supporting its clients and partners, whether it is integrating ERV with a new product, contributing to a study on system efficiency, or collaborating on a rebate program. It understands the importance of product quality and implements quality control measures to meet OEM standards and exceed customer expectations.
“The company provides additional value to OEMs by keeping track of other potential ERV markets such as the residential market,” notes Moreno. “It also looks at opportunities for enhancing the product to meet specific needs including higher temperatures.”
Airxchange does not limit itself to learning from its OEMs but also reaches out to utilities companies to uncover potential market opportunities.
Each year Frost & Sullivan presents this Award to the company that has proven to be a leader in the industry and that, through its pioneering technology, sound business strategy, and research efforts, has been successful in moving the state of the industry forward. Its excellence in the field has extended beyond its technical advancements and encompasses a comprehensive view of market participants resulting in constant improvements in the industry.
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.
About Airxchange, Inc.
Airxchange, Inc. is a privately held supplier of rotary energy recovery components to original equipment manufacturers in the Heating, Ventilating and Air Conditioning (HVAC) industry. Its patented, unique technology has allowed it to become the leading supplier in its market. The company provides both product and services to insure that its partners are successful in both expanding the market for their ERV offerings and furthering the concept of energy recycling in the industry. For more information, visit www.airxchange.com.
Drake H. Erbe
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 www.awards.frost.com.