Frost & Sullivan Applauds ClearEdge Power for its Leadership in Capturing Market Share and Expanding Market Reach

Frost & Sullivan Applauds ClearEdgeFrost & Sullivan Applauds ClearEdge Power for its Leadership in Capturing Market Share and Expanding Market Reach PR Newswire MOUNTAIN VIEW, California, Jan. 16, 2014 -- Recent acquisition made company a fuel cell market powerhouse Based on its recent analysis of the stationary fuel cell market, Frost & Sullivan recognizes ClearEdge Power with the 2013 North America Frost & Sullivan Company of the Year Award. ClearEdge Power is driven by quality, innovation, and customer value. It has become one of the market leaders in the North American stationary fuel cell market in terms of overall growth, system efficiency, and market penetration through strategic acquisition. ClearEdge Power's visionary leadership propels its strong growth in the fuel cell industry. The company leapfrogged into the upper strata of the market by acquiring UTC Power in early 2013. This acquisition provided it with a technological edge, intellectual capital and more than 50 years of accrued expertise in the fuel cell market, allowing it to deliver clean and continuous power solutions. "The acquisition helped ClearEdge Power achieve its long-term strategy and vision of offering novel products and superior customer services across end-user segments in the North American fuel cell market," said Frost & Sullivan Research Analyst Rajalingam Chinnasamy.