VALLOUREC : Vallourec launches its first Open Innovation Challenge

VALLOUREC : Vallourec launches its first Open Innovation Challenge

ID: 560549

(Thomson Reuters ONE) -




  Press Release










Vallourec launches its first Open Innovation Challenge


Boulogne-Billancourt, 20 September 2017 - Vallourec, a world leader in premium
tubular solutions, is launching its first "Open Innovation Challenge" on the
theme of intelligent tubes.

"The Group is consciously embracing Open Innovation to exploit the opportunities
allowed by new technologies and thus develop its offer," explains Director of
Innovation Sylvie Dubois Decool.

"Intelligent" tubes could be designed to record and transmit information during
their lifecycle: either information about the fluids in contact with the tubes
(flow rate, pressure or temperature) or related to changes in the tubes
themselves (changes in thickness, or crack detection).

Developments such as high-performance sensors, low data transmission networks,
big data, energy harvesting are innovative technologies that open up new
opportunities for intelligent tubes.

This Open Innovation challenge enables Vallourec to identify start-ups,
laboratories and companies with expertise in these different technologies, and
to work with selected companies to develop solutions adapted to the Group's
markets.

It comes within the scope of Vallourec's initiatives in terms of open
innovation.

"Through its Open Innovation Challenge, Vallourec is demonstrating its
commitment to developing win-win partnerships with agile, leading-edge companies
on new technologies. Our goal is to anticipate and take advantage of new
technologies to offer differentiating solutions for our customers and
consolidate Vallourec's leadership over the long term," says Sylvie Dubois
Decool.





+------------------------------------------------------------------------------+
| * How to apply |
| * Signup: http://www.vallourec.com/EN/group/INNOVATION/Pages/Open- |
| Innovation-Challenge.aspx |
| * Applications can be submitted up to 3 November 2017. |
| * They will then be pre-selected for presentation to the jury |
| * Pitches will be presented on 13 November 2017. |
| * The selection committee will announce the names of the selected partners |
| during the week of 20 November 2017. |
| * The selected partners will work on their projects with Vallourec over a |
| period of around six months. |
+------------------------------------------------------------------------------+



About Vallourec
Vallourec is a world leader in premium tubular solutions for the energy markets
and for challenging industrial applications such as oil and gas wells in harsh
environments, new generation power plants, daring architectural projects, and
high-performance mechanical equipment. Vallourec's pioneering spirit and
cutting-edge R&D continually open new technological frontiers. Operating in more
than 20 countries, its 19,000 dedicated and passionate employees work hand-in-
hand with their customers to offer more than just tubes: they deliver
innovative, safe, competitive and smart tubular solutions to make every project
possible.
Listed on the Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and
eligible for the Deferred Settlement Service (SRD), Vallourec is included in the
following indices: SBF 120 and Next 150.
In the United States, Vallourec has established a sponsored Level 1 American
Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). The
parity between the ADR and an ordinary Vallourec share is 5 for 1.


vallourec.com
Follow us on Twitter (at)Vallourec



  For more information, please contact:

Investor relations Press relations
Alexandra Fichelson Héloïse Rothenbühler
Guilherme Camara Tel: +33 (0)1 41 03 77 50 / +33 (0)6
Tel: +33 (0)1 49 09 39 76 45 45 19 67
Investor.relations(at)vallourec.com heloise.rothenbuhler(at)vallourec.com


Individual shareholders
Toll Free Number (from France):
0 800 505 110
actionnaires(at)vallourec.com




























pdf version :
http://hugin.info/143606/R/2135564/817183.pdf



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: VALLOUREC via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 20.09.2017 - 11:10 Uhr
Sprache: Deutsch
News-ID 560549
Anzahl Zeichen: 5625

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BOULOGNE BILLANCOURT CEDEX



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