Riptide Earns Frost & Sullivan’s 2017 North American Product Leadership Award for its Unmanned Underwater Vehicle Technology
On September 18th, Frost and Sullivan presented Riptide Autonomous Solutions with its North American Product Leadership Award in the unmanned underwater vehicle (UUV) market. John Vestri, Riptide’s Chief Operating Officer / Chief Financial Officer attended Frost & Sullivan’s Growth, Innovation, and Leadership Awards Gala in Lost Pines, TX where he accepted the award, and recognition of Riptide’s position in redefining the UUV market, on behalf of the growing team.
As part of its recent UUV Market Study, Frost & Sullivan recognized Riptide’s rapid growth in the UUV market and the high adoption rate of growing range of products. Additionally, Frost & Sullivan acknowledged Riptide’s leadership in UUV innovation including engineering for affordability, superior hydrodynamics, and flexible energy solutions. The study also noted Riptide’s focus on customer support, rapid delivery, and highly flexible designs.
Frost & Sullivan concluded that Riptide is a leader in the UUV market with its future-facing innovations focusing on client- and industry-specific needs to provide the best-in-class UUV technology. Michael Blades, Frost & Sullivan’s Research Director of the Aerospace & Defense Practice, stated that “Frost & Sullivan believes Riptide is the most advanced, customer enabling UUV manufacturer in the market by providing clients with unparalleled energy efficiency, portability, and payload customizability solutions.”
Jeff Smith, Riptide’s founder and president, said “It is a great honor for us to receive such high recognition from an independent market research group as well regarded as Frost & Sullivan. Our team and our customers know we are doing things very differently from the established players but it’s a tremendous compliment to receive this public recognition.”
About Riptide Autonomous Solutions
Riptide Autonomous Solutions is a small business focused on Unmanned Maritime Vehicle (UMV) development, including UUVs and USVs. Riptide’s first product is the micro-UUV, a highly flexible, open source UUV that provides users a highly affordable development platform ideally suited for new autonomy, power system, subsea sensor, and payload development. Micro-UUVs have demonstrated multiple side scan sonar options, as well as cameras and acoustic communications. Riptide has also recently broadened their product line offering larger vehicles with the same proven efficiencies and cost advantages as their Micro-UUV. Riptide will soon field L-3-Open Water Power’s game changing high energy density technology. To learn more, please visit http://www.RiptideAS.com.
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 50 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from 45 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.