Fluor Corporation was named as a 2015 Award Finalist by the Edison
Awards™ for Fluor’s 3rd Gen Modular ExecutionSM approach.
The distinguished awards, inspired by Thomas Edison’s persistence and
inventiveness, recognize innovation, creativity and ingenuity around
four criteria: concept, value, delivery and impact.
Clients benefit from the 3rd Gen Modular ExecutionSM
approach through reduced material quantities associated with reduced
facility footprints, productivity gains for work shifted to shop and
reduced costs for field labor. Compared to traditional project execution
methods, 3rd Gen can lower total installed costs for owners
by up to 20 percent. Fluor is implementing this innovative approach on
numerous projects including a 1 million ton-per-year carbon capture
facility in Alberta, Canada which Fluor completed at the end of 2014.
“Fluor is pleased to be chosen as a finalist for the Edison Awards for
our innovative project execution approach designed to improve our
clients’ capital efficiency,” said Jason Kraynek, vice president of
Fluor’s Business Transformation & Innovation group. “This recognition
provides objective, third-party validation that Fluor’s 3rd
Gen Modular ExecutionSM approach is not only innovative, but
provides true project delivery value to our global clients.”
“It’s exciting to see companies like Fluor continuing Thomas Edison’s
legacy of challenging conventional thinking,” said Frank Bonafilia,
Edison Awards’ executive director. “The Edison Awards recognizes
game-changing products and services and the teams that created them.”
Edison Award nominees are judged by more than 3,000 senior business
executives and academic professionals from across the nation whose votes
acknowledge the finalists’ success in meeting the award’s stringent
criteria. The voting panel includes members of many professional
organizations, including the American Society of Mechanical Engineers
(ASME) and the Association of Technology Management & Applied
Engineering (ATMAE). Award winners will be announced on April 23, 2015
at the Edison Awards Annual Gala in New York.
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 RelationsBrian Mershon, 469-398-7621orEric Krantz, 281-263-6030orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222