Press Release: The Lubrizol Corporation Receives IRI Excellence Award in Digital and Technological Innovation
- Innovation Research Interchange
- News & Press Releases, Press Releases
The Lubrizol Corporation Receives IRI Excellence Award in Digital and Technological Innovation
|FOR IMMEDIATE RELEASE June 23, 2023||CONTACT: NAM Media Relations|
|The Lubrizol Corporation Receives IRI Excellence Award in Digital and Technological Innovation|
|Washington, DC – The Innovation Research Interchange, a division of the National Association of Manufacturers that helps companies customize, implement and scale impactful innovation for bottom-line results and top-line growth, recognized The Lubrizol Corporation as the recipient of the 2023 IRI Excellence Award in Digital and Technological Innovation. The award recognizes member organizations that have demonstrated exceptional innovation in the development and application of digital and technological solutions. This award recognizes Lubrizol’s exceptional work in developing Q.LIFE®, a groundbreaking virtual testing and data analytics system for product development and deployment.|
“IRI has long been researching and discussing the impact of machine learning and digitalization in innovation, so it’s fitting that we start offering this award to recognize excellence in this area. I can think of no better or worthy recipient of the inaugural award than The Lubrizol Corporation. Their work in this area and their dedication to innovation are exemplary,” said IRI Assistant Vice President for Strategic Communities Lee Green.
“Lubrizol has a relentless drive for innovation—both chemistry for today and the solutions of tomorrow. Q.LIFE® is one example of many market-driven solutions we are bringing to the forefront of our industry to lead it into the future. We are honored to be recognized and receive this prestigious award,” said Lubrizol Corporation Senior Vice President and Chief Technology Officer Julie Edgar.
The Q.LIFE® Engine developed by Lubrizol empowers product development teams to accelerate innovation, increase speed to market and enhance product performance through virtual testing and data analytics. By harnessing advanced digital technologies, Q.LIFE® enables real-time simulation, analysis and optimization of products across various industries, offering enhanced efficiency, speed and cost effectiveness.
-The Lubrizol Corporation-
The Lubrizol Corporation is a market-driven global company that combines complex specialty chemicals to optimize the quality, performance and value of customers’ products. With a commitment to sustainability, innovation and collaboration, Lubrizol serves diverse industries, including transportation, industrial, personal care and more. For more information, please visit www.lubrizol.com.
The Innovation Research Interchange—a division of the National Association of Manufacturers—is an influential organization dedicated to the advancement of technological innovation and research. Since its establishment in 1938, IRI has fostered collaboration among industry leaders, facilitating knowledge sharing and promoting excellence in research and development. For more information, please visit www.iriweb.org.