Fluor Honored with Bronze Edison Award for Its Innovative Project Execution Approach
April 24 2015 - 8:01AM
Business Wire
The Edison AwardsTM selected Fluor Corporation’s
3rd Gen Modular ExecutionSM as a Bronze Award winner for
innovation at its annual event in New York City yesterday
evening. The Edison Awards annually showcase the best of
innovation and excellence in new products and services. Fluor was
chosen in the Energy Management/Conservation category among dozens
of entries.
As part of an integrated project solution, Fluor’s proprietary
modular design and execution methodology, 3rd Gen Modular
Execution, improves clients’ capital efficiency through reduced
costs, improved safety, schedule predictability and a cleaner
environmental footprint. These results are achieved by using design
and execution solutions that reduce facility layouts by up to 60
percent over traditional methods.
“Our 3rd Gen Modular Execution approach is a significant step
forward in project execution and is a game changer for our
industry,” said Jason Kraynek, vice president of Fluor’s Business
Transformation & Innovation group. “Our approach challenges
traditional project design and execution practices, reducing
clients’ capital costs by up to 20 percent. This award recognizes
our innovative employees who develop unique solutions for our
clients and highlights the value Fluor delivers on challenging and
complex projects.”
“Our judges recognized Fluor’s 3rd Gen Modular Execution
approach as a true innovator out of the many products in its
category. Being recognized with an Edison Award has become one of
the highest accolades a company can receive in the name of
innovation and business,” said Frank Bonafilia, executive director
of the Edison Awards.
The ballot of nominees for the Edison Awards was judged by a
panel of more than 3,000 business executives, past award winners,
academics and leaders in the fields of product development, design,
engineering, science and medical. Nominees were judged on concept,
value, delivery and impact.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and
construction firm that designs and builds some of the world's most
complex projects. The company creates and delivers innovative
solutions for its clients in engineering, procurement, fabrication,
construction, maintenance and project management on a global basis.
For more than a century, Fluor has served clients in the energy,
chemicals, government, industrial, infrastructure, mining and power
market sectors. Headquartered in Irving, Texas, Fluor ranks 109 on
the FORTUNE 500 list. With 40,000 employees worldwide, the
company's revenue for 2014 was $21.5 billion. Visit Fluor at
www.fluor.com and follow on Twitter @FluorCorp.
Fluor CorporationMedia Relations:Brian Mershon,
469-398-7621orInvestor Relations:Geoff Telfer, 469-398-7070orJason
Landkamer, 469-398-7222
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