BLIS Technologies Awarded for Probiotic Development
According to Frost and Sullivan, in order for them to select this year’s award recipient for Global Entrepreneurial Company of the Year, analysts from their Best Practices Research group used four criteria to benchmark the performance of BLIS Technologies Ltd against other challengers for the title.
3 May 2010 --- BLIS Technologies Ltd from Dunedin, New Zealand, a biotech company involved in the development of advanced probiotics for the oral cavity, is pleased to announce that it has received the prestigious 2010 Frost & Sullivan Global Entrepreneurial Company of the Year Award in Food and Beverage Ingredients.
Dr Barry Richardson, Chief Executive Officer of BLIS Technologies is delighted to receive this award. He said that it was gratifying to have independent recognition from such a global authority as Frost and Sullivan. He also indicated that this was a strong and solid endorsement of the changes that BLIS Technologies made in its company’s strategic direction back in 2007.
Frost & Sullivan is a highly respected and world leading global enterprise that operates in the areas of business research and consultancy. During 2010, Frost & Sullivan will be entering its 50th year in business as a global research organization. It has 1,800 analysts and consultants based around the world who continuously monitor more than 300 industries and 250,000 companies.
According to Frost and Sullivan, in order for them to select this year’s award recipient for Global Entrepreneurial Company of the Year, analysts from their Best Practices Research group used four criteria to benchmark the performance of BLIS Technologies Ltd against other challengers for the title.
The four performance areas include:
• Growth Strategy Excellence
• Growth Implementation Excellence
• Degree of Innovation with Products and Technologies
• Apt Identification and Response to Market Needs
Candidates for this award are chosen from around the world and BLIS Technologies outscored the other shortlisted companies in all four key performance areas.
In making this award, Frost and Sullivan noted that BLIS Technologies had addressed key industry challenges through concerted research and competent strategies despite an increasing challenging market and the potential competitive threats offered by industry giants such as Danisco, Chr Hansen, and DSM.
The Frost and Sullivan awards banquet was held in the United States on Thursday April 29th 2010.
