GRI Test Market for Research Ventures
The Gas Research Institute last week rolled out the first line
of targeted research offerings, in which companies can gain
proprietary access to technical solutions by forming a partnership
with GRI and product manufacturers. It is GRI's first step into the
commercial world where research is determined by market need.
GRI held a pilot program in December to test the process and
attracted investors on three of six offerings.
The organization has included 14 new product offers for gas and
related energy markets under its current marketing program. The
offerings are being marketed under GRI's new GRI Select brand. GRI
anticipates that the GRI Select offers will generate between $7-8
million in revenues in 1999. They're introduction at midyear 1998
is intended to coincide with the 1999 budget cycles of prospective
clients. GRI expects to close the offers by year end 1998.
The organization plans to refine its targeted research program
over the next couple years and intends to roll out $50-$70 million
in new research offerings annually under GRI Select by 2000.
"GRI Select allows participants to successfully and
cost-effectively invest in new products and processes which provide
the basis for competitive advantage," said Tony Hamer, GRI senior
vice president, commercial development and services center.
The current offerings include the following: Improved
high-permeability completion practices, prediction of overpressure
zones while drilling, international hydraulic fracture imaging
consortia, reducing the cost of offshore gas processing, hydrate
control technologies joint industry project, global technology
transfer alliance, utility partners program - distribution
services, MarketFlex strategic information management system,
development and assessment of emerging distributed resource
technologies, development of lower cost gas fired absorption
chiller, unitary gas engine heat pump development, gaining market
advantage with desiccant humidification, low-cost NOx reduction for
coal-fired plants and customer information center.
Participation in each offering is limited. For more information
call Carol Lopez at (773) 399-8200.
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