Foro Energy developed proprietary and patent-pending fiber-laser technologies which could suspend services and accessible procedures for production and the investigation of petroleum and natural gas.
These breakthrough laser technologies were protected by a powerful intellectual property (IP) portfolio, which supplied Foro with the flexibility to pursue several different business models. The market probability for oilfield applications was substantial, as worldwide spending in the O&G E&P business was expected in 2012 to reach $600 billion.
PUBLICATION DATE: March 15, 2012 PRODUCT #: 812136-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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