Frost & Sullivan Recognizes Idaho Technology's Ability To Win Contracts And Provide Innovative Technologies In The North American Biological Detection Market
Palo Alto, CA - Frost & Sullivan selected Idaho Technology Inc. as the recipient of the 2007 North American Biological Detection Company of the Year Award for becoming a leading biological and life science company in a short span, despite the challenge posed by large and established companies.
Idaho Technology has grown and remained profitable every year since it acquired its first license. Although the company was a success even prior to 9/11, it was the ensuing climate of insecurity that put Idaho on the fast track. Favorable climate, along with the company's ability to "think outside the box" and expand into new markets gave Idaho Technology a significant thrust and set it apart from its competitors.
"Having a diversified organization that focuses on pathogen detection and life sciences allowed Idaho to target multiple markets," says Frost & Sullivan research analyst Matthew Farr. "The technologies used in the research of both pathogen detection and life sciences contribute to Idaho's innovations on multiple fronts."
Idaho's pathogen identification systems include the Ruggedized Advanced Pathogen Identification Device (R.A.P.I.D.) and RAZOR. The R.A.P.I.D. is an advanced biological detection instrument for military field hospitals, first responders, and other harsh environments that integrates Idaho's LightCycler Instrument technology in a portable, impact-resistant package. In 2003, Idaho was awarded the JBAIDS contact giving them the opportunity to provide an updated version of the R.A.P.I.D. system to the four branches of the U.S. Military: U.S. Army, U.S. Navy, U.S. Air Force, and U.S. Marine Corps.
Idaho's RAZOR instrument is compact, lightweight, and easy-to-use. It is a field PCR unit that is fast, with ultra-reliable DNA based results. Created for first responders and front line military troops, it is easily operated while working in protective equipment under extreme conditions. Battery powered with a simple user interface, the system has post-mission PC software for data archiving and post-mission reporting.
"While many competitors focused solely on the detection of biological warfare agents (Anthrax, Brucellosis, Tularemia, Plague, Botulism, Smallpox), Idaho identified opportunities in the more commercial realm of pathogen detection," notes Farr. "Using similar technology, Idaho also provides detection solutions for E. coli, Salmonella, and Avian Influenza H5."
Idaho Technology's ability to foresee a more consistent and relatively lucrative market outside of the cyclical defense industry has aided continuous growth and allowed the company to remain at the forefront of the industry.
Frost & Sullivan presents this Award to the company that has demonstrated excellence in all operations within its industry. The Award is based on the company's business development, competitive strategy, and leadership. The company is perceived to exhibit outstanding management, consistent growth, and positive social and economic impact on local and national communities and customers.
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.
SOURCE: Frost & Sullivan