SOURCE: Foresight Science & Technology

Foresight Science & Technology

February 23, 2010 17:30 ET

Foresight Science & Technology Opens European Office

PROVIDENCE, RI--(Marketwire - February 23, 2010) -  Foresight Science & Technology, a global provider of technology-related marketing, market research, and commercialization services is pleased to announce the opening of its first European office through a franchise with the Irish firm, O2 Environmental. Foresight already has a franchisee, VISTA Science and Technology, in Canada. Foresight supports over 600 new technologies each year, helping to take ideas and turn them into useful, beneficial, and profitable products, processes, or services. Foresight customers include large and small businesses, universities and technical institutes, government laboratories, and foundations. The company works in all disciplines of science and engineering and in all sectors of the global economy.

"For the first phase of our growth," said Dr. Phyl Speser, CEO of Foresight, "we were able to serve customers around the world out of our offices in Providence, Rhode Island. This model worked well for a few years but we find now that our customers want higher end services and that requires feet on the ground. Franchising works well as it provides marketing and service personnel who know local economic conditions and customs in providing customer services and support, but allows us to centralize what Michael Porter would call our secondary business activities of knowledge engineering and sharing systems, production scheduling, quality assurance, and R&D and product improvement. At the same time, each franchisee brings its own set of unique competencies into the fold, making the sum of the parts greater than a simple addition of capabilities. In the case of O2 Environmental, we have acquired the capabilities of an Irish leader in CleanTech. VISTA, our Canadian franchisee, brought strong agricultural technology and market competencies. We at Foresight have very strong practice areas in biomedical and life sciences, energy and environmental, defense and aerospace, and chemical and advanced materials. Collectively, we have a lot of high level expertise we can move around to meet customer needs regardless of where they are located." 

Paul O'Callaghan, Principal of O2 Environmental said, "We are delighted to be partnering with one of the worlds leading technology market, market research, and commercialization firms and believe that incorporating the Foresight Science & Technology product offering will enhance the service we can offer our clients. This is an important partnership from our perspective, which increases our resources and will facilitate further expansion. This also comes at a time when government's and firms across Europe recognize the need to enhance technology commercialization in order to move our businesses towards more competitive and higher value postures if we are to revitalize our economies." The O2 Environmental Technology Assessment Group (TAG) is a global team of engineers, scientists and investment experts specializing in the environmental technology industry. O2 works with environmental technology companies and investors to identify opportunities and realize value from emerging trends. Among O2 Environmental unique assets is the BlueTech Tracker™, a comprehensive database which tracks the progress of emerging water technologies.

For more information on Foresight Science & Technology please see www.ForesightST.com, email info@ForesightST.com, or call Allie Crowder-Schafer at 401.273.4844, ext. 20. 

For more information on O2 Environmental please see www.o2env.com, email info@o2env.com, or call Paul O'Callaghan at 866-583-1423.

Contact Information

  • Contact Information:
    Foresight Science & Technology, Inc.
    Contact Name: Allie Crower-Schaefer
    Phone: 401.273.4844 ext. 20
    E-mail:Email Contact
    Website:www.ForesightST.com