Research and Development’s High-Load Horizontal Test Machine 

Internally, we refocused corporate management to better direct our engineering and manufacturing processes on a global level. A new position, Vice President of Corporate Development, was created and filled with the objective of identifying and developing potential acquisitions and global market opportunities to ensure Dril-Quip’s  long-term sustainability and growth. 

We continued with our Research and Development goals in 2014. Dril-Quip  completed the construction of a high- load horizontal test machine that generates over 20 mil- lion ft-lbs of bending and 13 million pounds of tension or compression load to test the strength of a complete subsea wellhead and BOP wellhead connector as a system. The Company delivered its first Offshore Technology Confer - ence (OTC) technical presentation, outlining the results of both our analysis and rigorous testing of the system. We believe this project will help ensure that the Company’s subsea wellhead product line remains an industry leader of subsea wellhead technology. Additionally, we utilized this test machine to develop and test several innovations to our specialty connector product family, and we are continuing development efforts in our subsea completion systems and capital equipment product lines. 

