Company Updates

FMC Technologies to be Recognized at OTC with Two Spotlight on New Technology Awards

FMC logoFMC Technologies, Inc. (NYSE: FTI) announces 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' ISOL-8 Pump and Offshore Loading Arm Footless.

"We are honored to again be recognized by OTC with these prestigious awards," said John Gremp, FMC Technologies' Chairman, President 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 advancements are solving the complex challenges our industry faces."

The ISOL-8 Pump, developed by FMC Technologies Schilling Robotics, enables secondary intervention for blowout preventers (BOPs) in compliance with API Standard 53. The ISOL-8 Pump is tightly integrated with FMC Technologies' UHD III Remotely Operated Vehicle (ROV), and uniquely meets the 45 second requirement for closing BOP shear rams.

The Offshore Loading Arm Footless (OLAF) has been developed for liquefied natural gas (LNG) transfer between large floating LNG (FLNG) vessels and conventional LNG carriers. The OLAF design is able to accommodate the large elevation differences between the FLNG deck, where it is based, and the LNG carrier piping connection at a lower level. OLAF features an advanced targeting system for connection assistance and a Constant Position Monitoring System, SIL3, to manage emergency disconnection.

The awards will be presented during a ceremony at 3:30 p.m. CDT on Monday, May 5 in the Rotunda area of the Reliant Center Lobby B in Houston, Texas.

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