SAN JOSE, CA -- (Marketwire) -- 03/28/13 -- RAE Systems, Inc., a leading provider of toxic-gas and radiation monitoring solutions, today announced it has received the prestigious Frost & Sullivan Global Leadership Award for gas detection, based on the global research organization's independent market research.
The annual award showcases companies in various market segments that capture the highest annual compounded growth over the past five years based on Frost & Sullivan's independent analysis of worldwide markets. In the three-year period ended Dec. 31, RAE Systems achieved an impressive average year-over-year revenue growth exceeding 13 percent, and in the past five years, realized a compounded annual growth rate (CAGR) of 7 percent -- nearly double the industry CAGR.
"RAE Systems is a high-growth company that is gaining market share faster than other market participants in the gas-detection space, driven by its successful integration of wireless communication and data transmission capabilities into its products," said Frost & Sullivan Research Analyst Anita Pamu. "RAE Systems has established itself as a one-stop shop for gas detection and monitoring solutions. Its rapidly-deployable, connected, intelligent gas and radiation detection systems enable real-time delivery of safety and security threat detection, and are used for risk mitigation, asset protection and worker safety by major global organizations in energy, oil and gas exploration and refining, industrial, HazMat, military, first response, public and sports venues."
Wireless Gas Detection & Energy Market Success
Key findings in the report include RAE Systems' successful use of wireless (data transmission) technology in many of its products. This includes RAE Systems' ProRAE Guardian, advanced monitoring software that provides instantaneous access to real-time data, including physiological parameters for workers in hazardous and stressful environments, and location data of workers and emergency response teams.
"The ProRAE Guardian system acts as a 'mobile command and control center' for situations that require real-time access to toxic gas and radiation data across geographically dispersed teams," said Pamu. "This real-time data capability validates the effectiveness of the gas detection and monitoring solution, and has the potential to change the way gas-detection monitoring is done."
The report also highlights the company's leadership in gas detection for energy exploration and refining. "RAE Systems is a proven technology leader that owns and manufactures its own sensor technology and is able to differentiate itself from its competitors by offering a broad array of intelligent fixed and portable gas detectors and transportable area monitors, especially in the growing energy exploration and refining sector. RAE Systems has been able to penetrate markets that were initially hesitant to adopt wireless data transmission, like the oil and gas industry, by providing innovative and reliable solutions for gas detection and monitoring. In addition to its product and service offerings, it also offers a full range of training and support materials, thus making it a comprehensive technology and solution provider."
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