Contactless semiconductor manufacturer INSIDE Contactless is the recipient of Frost & Sullivan’s 2008 North American Contactless Smart Cards Growth Excellence of the Year Award in recognition of its role as a leader in shaping contactless payment technology within the smart card industry.
The Frost & Sullivan Growth Excellence honor is given annually to the company “that has demonstrated excellence in implementing and sustaining growth within shipments, revenues and profitability, and whose strategy will have a lasting impact on the market,” according to the consulting company.
Frost & Sullivan credits INSIDE as one of the first companies to have designed a multi-application platform for contactless payment functions. The research and growth consulting firm recognized that such an early move propelled the company into a position of excellence in terms of technology innovation, enhanced its understanding of the market, and helped it gather valuable experience to stay ahead of competition.
Frost & Sullivan also attributed INSIDE’s exponential sales growth primarily to its low-power, flexible MicroPass intelligent payment platform, which is designed specifically to support the contactless bank card market with extension into transit fare collection, access, control, and retail loyalty applications.
Frost & Sullivan’s Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating achievement and 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.