This award is presented each year to the company that best has demonstrated excellence in new products and technologies within its industry.
“The ByVention has a unique advantage in cutting accuracy thanks to its integrated laser source and precise control unit; the shorter beam length helps the machine achieve the desired accuracy in cutting operations,” explains Frost & Sullivan Research Analyst Karthik Parthasarathy. “In addition to being a novel material flow and operating concept, ByVention is also a new business model and is the first laser cutting system that is sold at a uniform price worldwide,” adds Karthik Parthasarathy. The net price, to which only country specific taxes and customs duty have to be added, includes the machine and also a Bysoft CAD/CAM software package for cutting and bending processes, delivery costs, assembly, commissioning and user training as well as the warranty and preventive maintenance.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement and superior performance in various operational areas. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify companies that demonstrate the best practices in the industry.