Houston, Texas, USA — The Offshore Technology Conference (OTC) announces the 2020 recipients of the Spotlight on New Technology® Award. Eighteen technologies from 14 companies from around the world will be awarded this year, including six companies that will be recognized for the Spotlight on Small Business Award.
The Spotlight on New Technology Award recognizes companies that have created new and advanced technologies that play a role in advancing the offshore oil and gas sector into the forthcoming years.
Spotlight Small Business Winners:
“We’re pleased to present this year’s recipients for their outstanding work in our industry,” said Cindy Yeilding, chairperson, OTC Board of Directors. “Their new technologies and services are shaping the way offshore products and services are advancing into the future. We applaud these companies for their hard work and dedication to this field.”
Winning technologies were selected based on the following five criteria:
Since 2014, OTC has supported and recognized the innovative technologies being developed by small businesses with the Spotlight on Small Business Award. In addition to meeting the above criteria, a small business honoree must be either independently owned and operated; a nonprofit company; or have no more than 300 employees preceding the 12 months after the application deadline.
“There has been a growing trend in the number of small business applicants and therefore winners in recent years,” Yeilding said. “This is a direct reflection of the innovation currently happening within the industry as well as the importance of this recognition. More and more companies are developing new technologies that are revolutionizing the offshore sector, and we are honored to be able to shine a spotlight to help the entire industry grow and thrive.”
More information about these technologies can be viewed on OTC’s awards page.