SOURCE: Provision Interactive

Provision Interactive

November 17, 2010 08:45 ET

Provision 3D Displays Named 2010 New Product Innovation of the Year by Frost & Sullivan

Award Was Presented at the 2010 Best Practices Awards Banquet

CHATSWORTH, CA--(Marketwire - November 17, 2010) - Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding (OTCBB: PVHO), announced today that it has been named the recipient of Frost & Sullivan's 2010 North American New Product Innovation of the Year Award for 3D Holographic Displays. The Award was presented at the 2010 Best Practices Awards banquet on November 16 in San Antonio, Texas. 

"We're honored, gratified and excited to receive Frost & Sullivan's esteemed recognition as Provision is the first company to be given this distinction in 3D displays," said Curt Thornton, President and CEO of Provision. "However, that is exactly what makes this award even more significant. It independently validates a core business tenet which we have held since our inception -- that a clear focus on doing the right things and being perseverant can provide the basis for long-term growth and success."

The Frost & Sullivan Best Practices team of industry experts presents awards to companies demonstrating best practices in a variety of regional and global markets. For the New Product Innovation Award, the following criteria were used to benchmark Provision's performance against key competitors:

  • Innovative Element of the Product
  • Leverage Leading Edge Technologies in the Product
  • Value Added Features and Benefits
  • Increased Customer ROI
  • Customer Acquisition/Penetration Potential

Companies that are commended as Best Practices Award recipients are those with the diligence, perseverance, and dedication required to develop a successful business plan and excel in the increasingly competitive global marketplace. Frost & Sullivan does not accept solicitations, nominations, or submissions for the awards. The award selection is based entirely on the findings of independent, primary market research, which is fully funded and conducted by Frost & Sullivan's industry analyst team. Previous award recipients include Kodak, AT&T, IBM, Samsung, Intel, and Phillips.

About Provision Interactive Technologies, Inc.

Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. (OTCBB: PVHO), is the leading purveyor of intelligent interactive 3D holographic display technologies, software, and integrated solutions for both commercial and consumer focused applications.

Provision's 3D holographic display systems represent a revolutionary technology that provides the projection of full color, high-resolution videos into space detached from the screen, without any special glasses. Provision is currently the market leader in true 3D consumer advertising display products being implemented by innovative, consumer-focused Fortune 1000 companies.

For more information, please visit Provision at www.provision.tv.

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