OTC Recognizes 2024 Spotlight on New Technology® Winners

Houston, Texas, USA (19 March 2024)–The Offshore Technology Conference (OTC) today announced the winners of their 2024 Spotlight on New Technology Award. This esteemed honor is given exclusively to OTC exhibitors who are reshaping the offshore energy sector through their innovation and development of technologies. This year, 15 technologies - 5 of them from small businesses - were selected for their demonstrated advancements in the industry.

This year’s award recipients are exceptional and were selected based on the following criteria: product uniqueness, degree of ingenuity, demonstrated success, commercial viability, and the ability to make a significant impact across the offshore industry.

“OTC takes pride in recognizing the companies transforming the future of the offshore energy sector. The Spotlight on New Technology Award is one of the many ways we like to show our appreciation. Revolutionizing the field is no easy task. It requires collaboration, intense consistency, and the brightest minds in the industry to drive innovation. This year’s recipients exemplify these efforts, and we are proud to acknowledge them,” said Alex Martinez, chairperson, OTC Board of Directors.

2024 Spotlight Winners

• Baker Hughes TRU-ARMS™ advanced reservoir mapping services
• Baker Hughes Sonus™ Acoustic-Set Liner Hanger System
• Hägglunds, a brand of Bosch Rexroth Quantum Power
• DeepOcean Autonomous Inspection Drone
• Fugro Blue Dragon® seafloor drill
• Fugro Remote subsea inspection solution
• Henkel  LOCTITE®Pulse™
• Oil States ACTIVEHub™ with ACTIVELatch™
• Oil States Swift DW2 RAR Connector - Ratchet Anti-Rotation Mechanism
• Saipem S.p.A. Integrated Acoustic Unit (I.A.U.)

2024 Spotlight Small Business Winners

• BridgeFlow Valve Ltd. BridgeFlow Mechanized Ball Valve
• GOWell Multi-aperture Motion-compensative Pulsed Eddy Current Deep Detection Method for Multi-pipe Thickness Corrosion Measurements (ePDT)
• GOWell Elastic Structure Nonharmonic Resonance Method for Through-Tubing Cement Evaluation (TTCE)
• HYTORC Industrial Bolting Systems LIGHTNING™ PUMP Series
• Nanoprecise Sci Corp NrgMonitor™

OTC has proudly honored small businesses and their contributions to the offshore energy industry, with the Spotlight Award since 2014. To qualify for the small business award, companies are required to meet the following criteria: Be independently owned and operated, or registered as a nonprofit organization, and have no more than 300 employees in the 12 months prior to the application deadline.

The 2024 Spotlight on New Technology Award recipients will be honored at this year’s conference on Monday, 6 May at NRG Center in Houston, Texas, USA. For more information about award, please visit the OTC’s Spotlight on New Technology Award page.

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ABOUT OFFSHORE TECHNOLOGY CONFERENCE (OTC)
Since 1969, OTC is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. OTC’s flagship conference is held annually in Houston. OTC has expanded technically and globally with OTC Brasil and OTC Asia. For more information, visit www.otcnet.org.