Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  TechnipFMC    FTI   GB00BDSFG982

TECHNIPFMC

(FTI)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

TechnipFMC : Partnership agreements allow External Technology Engagement team access to thousands of start-ups

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/07/2019 | 10:37am EST

The External Technology Engagement (ETE) team was established this year to layer a unifying technology strategy atop TechnipFMC's more immediate development roadmaps.

To this end, in a company first, the team recently entered into partnerships with two prominent technology incubators, Station Houston and The Cannon.

Technology incubators typically bring together funds, support personnel and other resources to bolster burgeoning start-ups, supporting their innovations to hopefully pave the way for commercialization of their products and services. They vet and support early-stage concepts to identify the added value of the technology, its market impact, and what is necessary to develop it, accelerating them up the Technology Readiness Level (TRL) ladder.

ETE Director Dr. Diana Grauer called incubators 'our magnifying glass on the start-up community.'

'They scout technology startups and provide us access to those at the right time in their growth and development that then would allow us to invest in them,' she said.

Through their vetting and validation, they reduce TechnipFMC's risk of exposure when adopting or integrating new technology. They also decrease the amount of time spent searching for quality candidates, so we can continue to serve at the forefront of industry innovation, driving change.

Implementing technologies efficiently is critical to the ETE team's mission. The ETE team's roadmap runs concurrent to the more immediate and mid-term outlooks of TechnipFMC's product development and technology strategies, but purposefully extends further into the future.

'We're looking beyond typical product applications, beyond investing in supporting technologies, and out into the future,' Grauer explained. 'We want to look into the value stream and into the future, pull those technologies in, identify them, vet them, and integrate them into our product portfolio. That takes time, however, so we have to scout well in advance of actually integrating that into a product.'

Although they are based or located in Houston, both Station Houston and The Cannon provide access to start-ups throughout North America. The team is seeking technologies that align with the hundred or so technology priorities that are organized into four verticals: Energy Transition and Sustainability, Industry 4.0 and Smart Operations, Digital Computer Science, and Emerging Materials and Processes.

Grauer said that the types of start-ups currently under examination is distributed equally among TechnipFMC's business units, and noted that the team had a focus on energy-transition-related-technologies.

She also encouraged TechnipFMC employees working with technology or start-ups to reach out to her with feedback and ideas on the types of start-ups they would like to see. 'In order for us to be successful and, ultimately, for the businesses to be successful, we need engagement from the subject matter experts within those businesses,' she said.

Contact:

Tel: +33 1 47 78 34 83

(C) 2019 Electronic News Publishing, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TECHNIPFMC
11/25TECHNIPFMC PLC : PDMR Notification
BU
11/13TECHNIPFMC : Enters into Memorandum of Agreement to Sell the G1201 Subsea Vessel
AQ
11/12TECHNIPFMC PLC :  Availability of Quarterly Report on Form 10-Q for the Three an..
BU
11/12TECHNIPFMC : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RES..
AQ
11/12TECHNIPFMC : Enters into Memorandum of Agreement (MOA) to Sell the G1201 Subsea ..
BU
11/11TECHNIPFMC : to Address Attendees at the Bank of America Merrill Lynch Global En..
BU
11/07TECHNIPFMC : Partnership agreements allow External Technology Engagement team ac..
AQ
11/06TECHNIPFMC : Partnership agreements allow External Technology Engagement team ac..
PU
11/05TECHNIPFMC : Adipec 2019
PU
10/30TECHNIPFMC : reveals that Technip Energies will be the future name of SpinCo
PU
More news
Financials (USD)
Sales 2019 13 531 M
EBIT 2019 1 129 M
Net income 2019 459 M
Finance 2019 532 M
Yield 2019 2,73%
P/E ratio 2019 20,5x
P/E ratio 2020 13,3x
EV / Sales2019 0,59x
EV / Sales2020 0,52x
Capitalization 8 494 M
Chart TECHNIPFMC
Duration : Period :
TechnipFMC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TECHNIPFMC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Average target price 29,17  $
Last Close Price 19,00  $
Spread / Highest target 126%
Spread / Average Target 53,5%
Spread / Lowest Target -21,1%
EPS Revisions
Managers
NameTitle
Douglas J. Pferdehirt Chairman & Chief Executive Officer
Maryann T. Mannen Chief Financial Officer & Executive VP
Justin Rounce Chief Technology Officer & Executive VP
Arnaud Caudoux Independent Director
Pascal Colombani Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TECHNIPFMC-2.96%8 494
SCHLUMBERGER NV2.25%51 070
HALLIBURTON COMPANY-15.99%19 601
BAKER HUGHES3.30%14 434
NATIONAL OILWELL VARCO, INC.-9.11%9 013
DIALOG GROUP BERHAD--.--%4 679