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Best in Growth, Innovation and Leadership recognised

2008 Frost & Sullivan Growth Excellence Awards honour the best-in-class companies and individuals

Kuala Lumpur, Malaysia, October 15, 2008 – The 2008 Frost & Sullivan Growth Excellence Awards banquet held today recognised several world-class companies and individuals for successfully growing their corporations, continuously innovating products and processes and outstanding leadership skills that continue to drive excellence.

In its inaugural year in Asia, the Awards recognised eight exemplary organisations and individuals at the banquet officiated by Yang Berhormat Tuan Haji Fadillah Yusof, Deputy Minister of Science, Technology and Innovation, Malaysia

The banquet was attended by C-level executives from the award receiving organisations and prominent figures in the Malaysian government, trade and banking and finance industry. Other senior-level attendees at the banquet include Telekom Malaysia, Time DotCom, Malaysia External Trade Development Corporation, British High Commission, Siemens, Asia Finance Bank, RHB Investment Bank, Ericcson, Malaysian Biotechnology Information Centre (MABIC) and Macquarie Telecom.

Speaking at the ceremony, Manoj Menon, partner and Asia Pacific managing director of Frost & Sullivan, said that the recipients have pushed the boundaries of excellence and raised the bar for the industry at large to remain competitive.

“With over four decades of mapping the industry progress in every major business-to business markets, Frost & Sullivan is pleased to recognise companies and individuals who have demonstrated qualities in decision-making and implementing strategies that has promoted widespread action in industry and across the globe, “ Menon said.

Divided into three main categories – excellence in growth, excellence in innovation and excellence in leadership – the awards are a reflection of the current market landscape and are carefully examined to determine their relevance to the ever-evolving and competing market place.

The contenders were evaluated for all the categories through market participant interviews, extensive primary and secondary research. The short-listed nominees were further evaluated by expert team of Frost & Sullivan analysts based on social impact of the business, profit margins, stock performance, market growth and penetration, market share and overall industry standing of the business.

Frost & Sullivan senior management team deliberated on the short listed nominees through subjective and expert criteria which included a 360 Degree analysis before identifying the recipient.

Frost & Sullivan congratulates all the recipients of the 2008 Frost & Sullivan Growth Excellence Awards

Category/ Title Recipient
Excellence in Growth Toll Holdings Private Limited, Australia
Tech Mahindra Limited, India
Shenzhen Mindray Bio-Medical Electronics Company Limited. China
Noble Group Limited, Hong Kong
Nintendo Company Limited, USA
P. T. Bumi Resources Tbk.
Doosan Group, Korea
Excellence in Research and Innovation Industrial Technology Research Institute (ITRI), Taiwan
Excellence in Innovation Tata Motors Limited, India
HTC Corporation, Taiwan
Lalit Kumar Modi, Indian Premier League, India
Excellence in Leadership
Dato' Sri Idris Jala, CEO, Malaysia Airlines, Malaysia
Karim Khoja, CEO, Roshan Telecom, Afghanistan
Duk-soo Kang, STX Business Group, Korea
Lalu Prasad Yadav, Union Railway Minister, Government of India, India

The 2008 Frost & Sullivan Growth Excellence banquet was held in conjunction with the 4th annual Growth, Innovation and Leadership Congress. Multimedia Super Corridor (MSC) Malaysia is the strategic partner for the congress and Awards banquet.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership 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.

MEDIA CONTACTS:

Surbhi Dedhia
Corporate Communications
P: +65.6890.0926
E: surbhi.dedhia@frost.com

Neethiya Sadagopal
Corporate Communications
P: +65.6890.0966
E: neethiya.sadagopal@frost.com

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