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Congratulations to the 2024 Spotlight on New Technology® Award Winners

OTC announces 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.

 

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2024 Spotlight on New Technology 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.)

Small Business Graphic
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™
Winning Technologies Receive:

Winning Technologies Receive:

  • Acknowledgment in an OTC press release;
  • Advanced recognition on the OTC website and on OTC social media platforms;
  • Acknowledgment at an on-site awards ceremony with press invited;
  •  Recognition in a special section of the OTC digital conference program;
  • Designation on the exhibit floor with a customized Spotlight banner;
  • Use of the Spotlight on New Technology logo and recognize themselves as a Spotlight winner at any of the OTC events that are held within 11 months of the OTC of which they won.
Technology Criteria and Judging

Technology Criteria and Judging

Technologies to be considered for the Program must meet five general criteria—new, innovative, proven, broad interest, and significant impact. Both hardware and software technologies are applicable. Applications will be reviewed and evaluated by experts in the appropriate fields of technology. A committee made up of representatives from the OTC Board will judge the applications and determine the award recipients.  Only information submitted in writing in the application will be considered by the judges.

Spotlight on New Technology - Small Business Award

In support and recognition of innovative technologies being developed by small businesses (less than 300 employees), applicants may choose the small business category during the application process.

These winners will receive the same benefits listed above but with the added recognition as a “Small Business Award” winner.  New technologies developed by small businesses will also be considered for the primary Spotlight on New Technology award.

Small Business Winner

Small Business Award Requirements

To be considered for the Small Business Award, your company must:

  • Be independently owned and operated or a not-for-profit concern.
  • Have no more than 300 employees for the preceding twelve months (as of the application deadline).
  • Meet all other Spotlight on New Technology Award requirements.

Small Business Winner

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REQUIREMENTS

To be considered, the technology must meet five key criteria.

  • New. The technology must have been offered to the marketplace in a ready-for-commercialization state less than two years prior to the application date.
  • Innovative. The technology must be original, groundbreaking, and capable of having a major impact on the offshore E&P industry.
  • Ready. A proposed type of equipment must meet the requirements of API 17Q Technology Readiness Level of TRL4 or higher to qualify for submission.
  • Broad Interest. The technology must interest and appeal to the industry.
  • Significant Impact. The technology must provide significant benefits exceeding existing technologies.

WINNING TECHNOLOGIES RECEIVE

  • Acknowledgment in an OTC press release.
  • Advanced recognition on the OTC website and on OTC social media platforms.
  • Acknowledgment at an on-site awards ceremony with press invited.
  • Recognition in a special section of the digital OTC conference program.
  • Designation on the exhibit floor with a customized Spotlight on New Technology banner.
  • Use of the Spotlight on New Technology logo.
  • Recognition as a Spotlight on New Technology winner at any of the OTC events that are held within 11 months of the OTC of which they won.

SMALL BUSINESS AWARD

Small Business Winner GraphicOTC Spotlight on New Technology Small Business Award recipients will receive the same benefits as listed above, with the added recognition as a "Small Business Award" recipient. The Spotlight on New Technology Small Business Award® recognizes the innovative technologies being developed by small businesses (less than 300 employees). To be considered, your company must:

  • Be independently owned and operated or a not-for-profit concern.
  • Have no more than 300 employees for the preceding 12 months.
  • Meet all other Spotlight on New Technology award program requirements. 

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