Wed, 08/31/2016 - 07:36

TUCSON, Arizona (Aug. 31, 2016)—Carbide Derivative Technologies Inc. has been named the 2016 Entrepreneurial Company of the Year in Mechanical Seals Frictional Surface Treatment as part of Frost & Sullivan’s annual Best Practices Award competition. Each year, Frost & Sullivan tracks market trends and gives awards to companies that show strength in terms of innovation in products and technologies, and leadership in customer value. The Entrepreneurial Company of the Year Awards are presented to companies that are predicted to encourage significant growth in their industries and represent excellence in terms of strategy and performance in a highly competitive, dynamic and growing market. Carbide Derivative President and Founder Mark Slivinski said, “We are particularly pleased by this award because it was not the result of a nomination process. Rather, Frost & Sullivan came to us after hearing about us from the industry and our customers as part of their 360-Degree Research. This means that the industry recognizes us and the value of our solutions to their most demanding problems.” Frost & Sullivan Industry Manager Anand Gnanamoorthy said, “As part of the analysis of the North American seals market, Frost & Sullivan analyzed several innovative solution providers who are exhibiting best-in-class products and services in the market. Frost & Sullivan received excellent feedback from several value chain participants on Carbide Derivative and approached them to be included in the analysis.” In order to be recognized as leaders in entrepreneurship, companies must show leadership and innovation from the conception of ideas to the execution of strategy. Carbide Derivative Technologies was rated against its peers in the categories of Entrepreneurial Innovation and Customer Impact. Entrepreneurial Innovation criteria include market disruption, competitive differentiation, Blue Ocean Strategy utilization and passionate persistence. Customer Impact criteria include price/performance value, customer service, and brand equity. Arvid Casler, chief scientist for Carbide Derivative, will accept the award at the Awards Gala in Santa Clara, California, on Sept. 12.