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Bisn

Double Success for Rickitt Mitchell Client at Prestigious Industry Awards

BiSN, the global leader in innovative metal-to-metal downhole sealing solutions, successfully secured the Innovator Award and Great Company Award (SME) at this year’s Offshore Achievement Awards (OAA). Winners were announced at the black-tie awards ceremony on Thursday 22 March, in Aberdeen.

BiSN’s road to success was the result of its position at the forefront of innovative offshore technology and its consistently strong business performance. Rickitt Mitchell has advised the company since 2014, providing corporate finance advice throughout three funding rounds, in addition to continued strategic guidance and financial forecasting services.

The Great Company Award recognises excellence in SME performance in the offshore energy sector, and was judged the winning entry, based upon the company’s development, impact and plans for future success and growth.

The Innovator Award was received in recognition of the company’s ground-breaking Wel-lok M2M technology which has revolutionised downhole sealing for the oil and gas industry.

Paul Carragher, CEO of BiSN said: “We are absolutely thrilled to have been awarded not one, but two OAAs. To be awarded two prestigious accolades whilst in competition with our industry peers is a great honour.

“The Innovator Award recognises our game-changing Wel-lok M2M technology which has presented a new era in downhole sealing solutions to the oil and gas industry. On top of that, the Great Company Award (SME) acknowledges the successful growth and progress BiSN has made over the last seven years and the dedication of the BiSN team who have worked relentlessly to get the Company to where it is today.

“Rickitt Mitchell has been a trusted advisor to BiSN since 2014, helping guide the company through a period of rapid and dynamic growth. We continue to rely on the instrumental advice provided by Rickitt Mitchell as we further develop and commercialise our industry leading technology,” concludes Mr Carragher.

Established in 2010, BiSN operates manufacturing and assembly facilities in both Warrington, UK and Houston, USA. With a focus on disruptive technology research and development, the company also undertakes specialist alloy development from its own UK-based laboratory.

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26.03.18