Company name: WFS Technologies
Industry sector: Subsea Oil and Gas
Business activity: Subsea wireless instrumentation and control products and Asset Integrity Services.
Why is IP important to you? Intellectual property is fundamental to what we do. To be able to get into the manufacturing phase, it helps to have ownership of the IP that you created. We have some core patents that cover all of our products and we’re filing further patents to protect the continuing development work.
Does IP underpin your competitive advantage? Yes.
Why did you enter the IP League Table? By entering the IP100, it gives us feedback on how our company is progressing in this area.It also shows other companies that there are advantages and value in protecting their IP and that you can manage your IP portfolio to protect the work that you’re doing and build strength.