New Product Development
Getting new products to market quickly remains an essential, but costly aspect of the oil service industry. Often, the opportunity cost of not getting solutions into the market far exceeds development costs. So why are new development dollars so difficult to justify?
For all the obstacles there is a better way. Partnering with Tejas Research & Engineering gets your new products to market quicker and more efficiently with measurably smaller risk to profitability. Here is how we do it:
- Mobilization
- Tejas’ size is an advantage because we are still able to respond rapidly and aggressively to your competitive market threats without the bureaucracy and delaying internal processes of a larger company.
- Project Focus
- At Tejas, we dedicate many of our resources to new product development. When one of our design teams has your development project, they focus on being the “tip of the spear”, without the corporate distractions found in many companies.
- Intellectual Property
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Tejas has a reputation for safely navigating through difficult patent restrictions to bring client concepts to reality. Your confidentiality and intellectual property protection are very important to us, as are solutions to your difficult patent sensitive design challenges.
- Partnering
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The success of your project hinges on communication and collaboration. Our built-in review periods allow for open dialog on a project’s direction, timeline, and outcome. Tejas project managers are available at any hour to answer questions, setup web-meetings, or provide field stewardship as needed.
- Variety of Development Project Types
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New product development projects at Tejas can be structured in a variety of ways: cost plus basis, engineering hourly rates, turn-key basis, or as a technology acquisition that allows for engineering capitalization over time further minimizing the short-term impact to your bottom line.