Jacobs (JEC) Signs Technology Licensor Deal With Paqell

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J acobs Engineering Group Inc.JEC recently inked a sulfur-recovery technology licensor covenant with Paqell. Per the deal, Pagell would be able to use Jacob's state-of-the-art THIOPAQ Oil and Gas (O&G) technology in all of its gas-treating facilities and refineries across the world.

Over the last six months, Jacobs' shares yielded a return of 9.5%, outperforming 5.4% growth recorded by the industry .

Inside the Headlines

THIOPAQ is a unique constituent of Jacobs' Comprimo Sulfur Solutions technology portfolio. Comprimo Sulfur Solutions offers engineering, licensing, construction and procurement services to sulfur recovery and gas-treating plants worldwide. These services assist in expanding plant-processing capacity, boosting sulfur-recovery efficiency and integrating new units to facilities.

THIOPAQ O&G technology is a unique biological process which helps assimilate gas purification, along with sulfur recovery in a singular unit, giving rise to high sulfur-recovery levels. Such high recovery levels help reduce operating and installation costs of facilities. The technology is rapidly gaining importance these days, as it is an effective solution for chemical-waste reduction (causing safety and environmental hazards).

Per the aforementioned agreement, Jacobs' THIOPAQ O&G technology will be used to lower chemical-waste release from the gas-treating facilities and refineries of Paqell - a joint venture business between Paques BV and Shell Global Solutions.

Contract-Based Growth

Since the beginning of September 2017, Jacobs has secured contracts from Evonik Industries, Department of Energy National Nuclear Security Administration (NNSA), Aerie Pharmaceuticals, Inc. AERI and Ferring Pharmaceuticals Inc. Notably, Jacobs has also signed an agreement (Aug 7, 2017) to acquire CH2M HILL Companies Ltd., which is in sync with its efforts to become a $15-billion global solutions provider over the long run.

The company quotes competitive prices for its contracts and ensures that the number of contract receipts increases over time. Notably, elevated transportation spending of the government authorities of Australia, the U.K. and the United States has largely increased the company's contract-winning opportunities.

Stocks to Consider

Installed Building Products, Inc. IBP carries a Zacks Rank #2 (Buy) and generated an average positive earnings surprise of 0.67% in the last four quarters. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here .

Beazer Homes USA, Inc. BZH also holds a Zacks Rank #2 and pulled off an outstanding average positive earnings surprise of 103.47% during the same time frame.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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