Friday, April 19, 2024
News
NEWS HOME
»
PRN INDIA
Spiers New Technologies Recognized by Frost & Sullivan for Its Market Leadership in the Electric Vehicle Battery 4R Services Industry
  SocialTwist Tell-a-Friend  
   

Spiers New Technologies delivers reliable battery management solutions to increase battery lifespan and performance.

SAN ANTONIO, Dec. 6, 2022 /PRNewswire/ -- Based on its recent analysis of the electric vehicle battery 4R services Industry, Frost & Sullivan  recognizes Spiers New Technologies  (SNT) with the  2022 North America Market Leadership Award for preserving the value of batteries and customer's investment with unrivaled products and services for electric vehicles (EV) and plug-in hybrid EVs (PHEVs). SNT is a well-established company in the 4R (remanufacture, refurbish, repurpose, and repair) market with an extensive track record in the life cycle management of modern batteries.

Spiers New Technologies

The company provides all major original equipment manufacturers (OEMs) in North America with highly sophisticated battery management solutions that analyze and determine the causes of failures in battery systems and restore and rebuild them to increase the useful lifespan of batteries and enhance their performance.

Spiers is headquartered in Oklahoma City and has facilities in Las Vegas, Detroit. in Europe the company is present in the Netherlands and the UK. The company continues to expand its footprint in both regions. SNT is well-positioned to gain a bigger market share in the electric vehicle battery 4R services market in the coming years as the sales of EVs and PHEVs are growing exponentially worldwide.

"According to Frost & Sullivan analysis, SNT is the only market participant that caters to almost all OEMs in the United States and has established its position in 4R to the extent that General Motors appointed SNT as the direct supplier for replacement batteries for its dealer network," said John Sisemore, Best Practices Research Analyst at Frost & Sullivan. "Given its strategic central location in the United States, SNT is expected to be a major transit hub for EV and PHEV batteries in the next few years and edge out its competition."

SNT provides a web application, Alfred, which examines, checks, and tests batteries, delivering real-time data to hundreds of users with in-depth reports. Alfred is the company's flagship product, and its innovative data management system handles reconditioned battery production and supports logistics for thousands of dealers.

Due to the significant growth in EV and PHEV adoption, Alfred is expected to play a more prevalent role in the industry and consolidate the position of SNT, serving all major OEMs in the United States and Europe.

"The company has evolved into the one-stop shop for all services related to the lifecycle management of EV and PHEV batteries, and the champions of this fantastic evolution are Alfred, SNT's proprietary dealer, and data management system," noted Anuj Monga, Associate Director for Frost & Sullivan. "Alfred's differentiating feature is that it provides OEMs with a great understanding of thermal management systems, as battery pack data matches zip codes and climates. The application stores all part specifications, including serial and part numbers, and compares them with the vehicle identification number."

Each year, Frost & Sullivan presents this award to the company that develops an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased ROI it offers customers, which, in turn, raises customer acquisition and overall market penetration potential.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Kristen Moore
P: 1.210.247.3823
E: kirsten.moore@frost.com

Photo - https://mma.prnewswire.com/media/1961006/Spiers_New_Technologies___Award.jpg  

Cision View original content:https://www.prnewswire.co.uk/news-releases/spiers-new-technologies-recognized-by-frost--sullivan-for-its-market-leadership-in-the-electric-vehicle-battery-4r-services-industry-301694030.html

More News by PR Newswire India

/DISREGARD RELEASE: Bybit/

Kushal's Fashion Jewellery Festive Collection, adorned by Tara Sutaria, beautifully combines glamour and elegance

Unilumin Group Signed an Agreement with Saudi Arabia in the Third Belt and Road Forum for International Cooperation

Transport Corporation of India Ltd. (TCI Group) has been recognized as a Maritime Excellence Achiever at GMIS 2023 by The Ministry of Ports, Shipping & Waterways on 19th October 2023

Bitget Introduces 'Futures Quant' With AI Features

Bitget's Q3 Growth: Second-Highest Market Share Surge and Record High for BGB Holders

HarperCollins Publishers India is proud to announce the publication of SPREADING JOY: How Joyalukkas Became the World's Favourite Jeweller by Joy Alukkas with Thomas Scaria and Nidhi Jain

Go Global or Go Home: New Report Reveals Companies Lacking Global Presence Will Lose Growth Opportunities

MOVIN rolls out the second phase of Electric Vehicles in Bengaluru paving the way for greener deliveries in logistics

Motilal Oswal Financial Services Ltd. (MOFSL) launches #CorporateMushaira, an audio-first campaign for the World Investor Week

UBBF 2023 Intelligent IP Network Summit in Dubai an Impressive Success

Placing Them Right: IBS Path to MBA Career Success

HDFC ERGO reiterates its commitment on making health insurance Accessible, Affordable and Convenient with launch of 6 new products and 2 service upgrades

capSpire expands its global footprint with entry into the Singapore market

GTPL Hathway records its highest quarterly revenues from operation

CCTV+: International reporters experience the romance and vitality of Hangzhou, China

STL expands its Enterprise Networking solution portfolio with Estelan

Mantittude: Skincare for Men encourages men to unleash their inner 'Pataka' this Diwali

The 134th Canton Fair Opened with Optimized Structure and Upgraded Scale

MADAME TUSSAUDS SINGAPORE UNVEILS LIFELIKE FIGURE OF CRICKET ICON VIRAT KOHLI AMIDST ICC MEN'S CRICKET WORLD CUP!

Ugreen unveils power solutions and personal data storage at the Gitex Trade Show in United Arab Emirates.

Meridean Overseas Education Consultants Announces Half-Day Leave to Celebrate India vs. Pakistan Cricket Match

Xinhua Silk Road: Huai'an, UNESCO creative city of gastronomy, explores innovative dev. of food industry via premier regional food expo

Xinhua Silk Road: Fengxin County in E. China's Jiangxi celebrates bountiful harvest of kiwifruit

Casio to Release G-SHOCK Watches with Shining Metallic-Colored Dials

UEG Week 2023 : Babies with a low birthweight four times more likely to develop fatty liver disease in later life

CGTN: Diffusion of tea and its culture along the Silk Road

NEOM announces Leyja, its latest sustainable tourism destination

Expand North Star 2023 kicks off in Dubai gathering game-changing start-ups to accelerate on global stage

World Health Summit kicks off in Berlin

Hexaware Technologies announces new office in Dehradun to bolster its global delivery network

Chinese automotive industry has overtaken to supercars

Participants of the Made in Russia business mission to India held more than 150 negotiations with local importers and distributors

Rummy Passion Raises the Bar: Instant Withdrawals Now Available for All Tiers

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
'101 per cent sure about winning electio...
'Fight to protect our Constitution and d...
'Cast votes to save democracy and cultur...
'DMK, AIADMK has spent 1000 crores in Co...
LS poll: Meghalaya CM Conrad Sangma reac...
'Every vote of yours has power to create...
More...    
 
 Top Stories
Pakistan: Unidentified gunmen kills... 
Magma strengthens its geographical ... 
CAG signs MoU with SAI Bulgaria to ... 
Congress MP Manickam Tagore casts v... 
"Disappointed...not frustrated or a... 
Etihad Airways resumes scheduled op... 
IISc Launches 'Longevity India Init... 
Nysh.in Introduces BluHeat Pain Rel...