Digital Energy Journal- WFS receives top honors at the 4th annual Rice Alliance Startup Roundup at OTC

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WFS receives top honors at the 4th annual Rice Alliance Startup Roundup at OTC

Friday, May 25, 2018

WFS Technologies Ltd was recognized as one of the Rice Alliance 10 Most Promising Companies at the 2018 Rice Alliance Startup Roundup at the Offshore Technology Conference (OTC) hosted by the Rice Alliance for Technology and Entrepreneurship in Houston on April 30, 2018.

The companies were chosen by industry experts and investors.

About WFS Technologies

WFS is the world leader in subsea wireless automation and SIoT solutions for the Offshore Industries. Founded in Edinburgh, Scotland, the company has invested over 250 man-years in the development of unique communications, power management and edge analytics technologies resulting in the filing of over 300 patents. WFS delivers wireless communications and automation solutions to the world's leading Oil & Gas operators and Defense organisations.

Brendan Hyland, Founder and Chairman of WFS Technologies said:

'We are delighted and honoured to have received this prestigious award. The Rice Alliance performs an important function for the industry - linking innovations to customers.'

Rice Alliance Startup Roundup at OTC

More than 50 startup companies presented their two and one-half minute business plan presentations at the event to qualified investors and industry representatives attending the OTC; the largest offshore technology conference in the world.

'Every year the quality of companies improves," said Rice Alliance Managing Director Brad Burke, who announced the winners at the event. "This year we had a diversity of companies, both in offerings as well as maturity. These companies demonstrated the diversity of innovation, talent, investment, potential and success in the energy and clean tech industry.'

This is the fourth year for the Startup Roundup event at the OTC. The OTC Startup Roundup showcased 50 promising emerging energy technology companies. Participating startups held several one-on-one meetings with more than 40 investor groups during investor office hours. These companies were in diverse areas within the energy sector and stage of development. It offered a great opportunity for OTC attendees to learn more about these emerging technologies and businesses and enable potential partnerships and investment opportunities.

Associated Companies
» WFS Technologies

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