HOUSTON, May 2, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it will be recognized at the Offshore Technology Conference (OTC) next week with the presentation of two Spotlight on New Technology Awards. The awards, which honor innovative technologies that significantly impact offshore exploration and production, are in recognition of FMC Technologies' subsea boosting system developed in cooperation with Sulzer Pumps Ltd. and FMC Technologies' Condition and Performance Monitoring (CPM) system.
"We are honored to once again be recognized by OTC with these prestigious awards," said John Gremp, FMC Technologies' Chairman and Chief Executive Officer. "The Spotlight on New Technology Awards highlight the important role that innovation and technology play in our industry. The two technologies recognized by these awards are examples of how technology is being used to solve the complex challenges faced by our industry."
FMC Technologies and Sulzer Pumps are being jointly recognized for their powerful new high-speed, helico-axial multiphase subsea boosting system which is optimized for subsea applications. This system combines field-proven pump hydraulics from Sulzer Pumps with FMC Technologies' permanent magnet technology from Direct Drive Systems for less maintenance with greater speed, efficiency and power.
CPM is a surveillance system which enables proactive maintenance of subsea production and processing systems associated with a 24/7 collaborative expert environment for diagnosis and problem solving. CPM combines continuous monitoring of sensors and subsea instrumentation with a historic database to identify fault condition and deviations from normal operating conditions.
The awards will be presented during a ceremony at 4:00 p.m. CDT on Monday, May 6 in the Rotunda area of the Reliant Center Lobby B in Houston, Texas.
FMC Technologies, Inc. (NYSE: FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2012, the Company has approximately 18,900 employees and operates 30 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. For more information, visit www.fmctechnologies.com.
SOURCE FMC Technologies, Inc.