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International Lubricants Inc. (ILI) announced that it received a lubricant technology award from the research and consulting firm Frost & Sullivan.
Since 1984, International Lubricants Inc. has been a leader in researching, developing and manufacturing patented high-performing, ester-based synthetic lubricants and related products for automotive, industrial, marine and agricultural applications. The company made headlines as tribology pioneers in the automotive industry through its formulation of LXE (Liquid Wax Ester) Technology. The company to date holds several hundred worldwide patents and has won numerous technology and product awards.
“The Technology Leadership Award is a prestigious recognition of International Lubricants’ accomplishments in the lubricant additives industry,” states research analyst Stephen Spivey from Frost & Sullivan. “Our unique approach in research philosophy and methodology enabled us to determine how best-in-class companies worldwide manage growth, innovation and leadership. Based on the findings of this best practices research, Frost & Sullivan is proud to present the North American Technology Leadership Award in automotive lubricants to International Lubricants Inc.”
Benchmarking Criteria for Technology Leadership Award
According to Frost & Sullivan, the following criteria was used to benchmark International Lubricants’ performance against competitors for the Technology Leadership Award:
• Development of new technologies
• Leverage of new technologies
• R&D spending
• Brand perception
• Customer value
About International Lubricants Inc.
Based in Seattle, ILI is a leading manufacturer of unique chemistries and related products for automotive, industrial and various other chemical markets, and holds more than 100 U.S. and foreign patents. LUBEGARD branded products have been awarded more industry choice awards in the professional automotive repair industry, along with endorsements and service bulletins from original equipment manufacturers than any other product of its kind.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages more than 45 years of experience in partnering with Global 1,000 companies, emerging businesses and the investment community from 40 offices on six continents.