magniX to receive Frost & Sullivan Technology Innovation Leadership Award
January 13, 2021 By Wings Staff
magniX will receive the Frost & Sullivan Technology Innovation Leadership Award for 2020. magniX’s sustainable electric propulsion technology and business impact were cited among the reasons it won the award.
“magniX has shown a sustainable and innovative approach to its technology and application diversity, as well as its superior technical capabilities that set it apart from the competition,” said Abhigyan Tathagat, Senior Analyst at Frost & Sullivan in a press release. “With its overall strong performance, magniX has impressive client relationships and installations with leading fleet operators and aircraft manufacturers, demonstrating its reliability and business acumen in the aviation industry. We are pleased to present the Frost & Sullivan 2020 Technology Innovation Leadership Award to a company that is creating state-of-the-art technology in electric propulsion.”
The Frost & Sullivan Innovation Leadership Award evaluates companies in two key categories: technology leverage and business impact. The award process measures how companies demonstrate leading development and successfully introduce high-tech solutions to customers’ most pressing needs, all while making a profound impact on the industry or business landscape where they operate.