St. Paul, Minn., Sept. 20, 2018 (GLOBE NEWSWIRE) -- Following a rigorous review process with nominations from around the globe, the Product Development and Management Association (PDMA) announced the recipient of the 2018 Outstanding Corporate Innovator (OCI) Award. Offshore Oil Engineering Co. Ltd. (COOEC) was selected as this year’s winner. Headquartered in China, COOEC is an engineering services company with more than 8,000 employees. Among the services which it provides are offshore engineering design, construction, installation and maintenance.
The OCI Award is the only global innovation award which recognizes sustained and quantifiable business results from new products and services. This year marks the 31st year in which PDMA has given this prestigious award, and the winners represent a group of global corporations widely recognized and respected for their innovation success. COOEC received the award due to its strong corporate commitment to be a world class innovator and has created a culture which engages all employees in the innovation process. COOEC has shown agility in responding to a dynamic and regulated market and is transforming that market through innovation.
At the 2018 PDMA Competitive Edge Conference in November, Jin Xiaojian, Chairman and President of COOEC., will share the practices and processes which have contributed to the company’s success in developing and launching innovative new products and services in a volatile market. Some of the practices which he will highlight include open innovation, identification and analysis of new opportunities and rapid learning & testing.
“We are honored to receive the prestigious PDMA Outstanding Corporate Innovator Award,” said Jin. “We will continue to focus on the overall solution to offshore oil and gas development and continue to develop cutting edge goods and services, and to provide better value for services for global energy engineering.”
We would also like to especially acknowledge Regence who was one of our finalists.
- Regence, a nonprofit independent licensee of the Blue Cross and Blue Shield Association, serves 2.5 million members through its four health plans in Washington, Oregon, Utah and Idaho. Regence has used innovation to successfully compete in a highly regulated market providing small groups with similar opportunities as large employers and making health care a competitive advantage for hiring/retaining employees. Regence is part of a family of companies dedicated to transforming health care by delivering innovative products and services that change the way consumers nationwide experience health care.
Join us at the conference to attend the awards ceremony where the winner and finalists will be honored.
For more information, visit the PDMA website.
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The Product Development and Management Association (PDMA) is a community of over 2,000 members whose skills, expertise and experience power the most recognized and respected innovative companies in the world. Established in 1976, PDMA is the only organization that focuses management on the unique set of integrated activities involved in the full lifecycle of product development and, including innovation.