GTT's 66 Patents in 2024 Showcase Innovation and Growth

GTT Marks a New Milestone with 66 Patents Filed in 2024

In a significant leap forward, GTT, a leading expert in membrane containment systems for transporting and storing liquefied gases, has announced the filing of 66 patents with the French National Institute of Industrial Property (INPI) this year. This achievement illustrates not only an increase from the previous year but also confirms the group’s commitment to innovation and technological advancement.

Positioning Among the Leading Innovators

GTT's efforts have propelled it from the 26th to the 23rd position in the list of top 50 French companies for patent filings. This shift reflects GTT’s dedication to addressing the evolving needs of the maritime industry and embracing the global energy landscape's challenges.

Driving Technological Advancement

With an eye on the future, GTT is investing heavily in pioneering technologies that respond to the pressing requirements of energy transition. Such developments include efficient solutions for the transport and storage of liquefied hydrogen and ammonia, as well as the use of LNG as a cleaner fuel alternative. The company is also focusing on onboard carbon capture technologies to enhance environmental sustainability.

Optimizing Existing Solutions

Alongside these developments, GTT continues to refine its existing solutions to boost energy efficiency for maritime operators. The optimization processes ensure that GTT remains ahead in meeting stringent environmental regulations while delivering high-performance solutions to its clients.

Leadership Comments on Innovation Progress

Philippe Berterottière, GTT's Chairman and CEO, shared enthusiasm over the patent accomplishments, stating, “With 66 patent applications filed in 2024, GTT confirms its technological leadership and strong presence among the champions of innovation in France. This highlights the strength of our innovation momentum and our determination to envision the solutions that the world will need tomorrow.”

Commitment to Sustainable Future

GTT stands firm in its mission to contribute to a sustainable world. The company has been at the forefront of designing cryogenic membrane containment systems that not only comply with high standards but also cater to the needs of both ship-owners and energy providers in their transition towards decarbonization.

This commitment is evident through their development of systems that enable commercial vessels to use LNG as fuel and the creation of digital solutions enhancing economic and environmental efficiency. Furthermore, GTT is making significant strides in the green hydrogen sector through its subsidiary, Elogen, which specializes in advanced proton exchange membrane (PEM) electrolysis technology.

About GTT

Founded over 60 years ago, GTT has established a reputable legacy in designing and developing innovative technologies for LNG carriers and other applications in gas transportation and storage. The company is traded on Euronext Paris (ISIN FR0011726835) and is a recognized component of the CAC Next 20, SBF 120, Stoxx Europe 600, and MSCI Small Cap indices.

Investor Relations Contact: information-financiere@gtt.fr / +33 1 30 23 20 87
Press Contact: press@gtt.fr / +33 1 30 23 56 37

Frequently Asked Questions

What is the significance of GTT filing 66 patents in 2024?

The filing of 66 patents signifies GTT's commitment to innovation and leadership in the liquefied gas transport sector, showcasing its advancements in technology.

How has GTT improved its ranking among French patent-filing companies?

GTT improved its ranking from 26th to 23rd in the Top 50 French patent-filing companies due to its increased filings and focus on innovative solutions.

What types of technologies is GTT focusing on for the energy transition?

GTT is focusing on technologies for the transport and storage of liquefied hydrogen and ammonia, as well as LNG utilization and carbon capture technologies.

Who is the key figure at GTT promoting innovation?

Philippe Berterottière, as the Chairman and CEO, plays a pivotal role in promoting GTT's innovation strategies and vision.

What is GTT’s relationship with the green hydrogen sector?

Through its subsidiary Elogen, GTT is actively involved in the green hydrogen sector, specializing in the production of PEM electrolysers.

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