"It is notable and encouraging to see that this year's awards all revolve around innovations that provide our customers with updated, upgraded and resource efficient solutions and products", said Vagner Rego, President and CEO of the Atlas Copco Group. "Looking at the breadth of these achievements, I feel a deep sense of pride. These teams have jointly shown excellent results in developing technology that transforms the future."

The awards ceremony was held at the Group's Annual General Meeting in Stockholm on April 28, and three awards were handed out.

The Giulio Mazzalupi Operational Excellence Award, established in 2018, aims to reward a person or a team with significant contributions to improving and executing processes aimed at delivering products or services to customers in the most satisfying, sustainable, cost-effective, and timely manner. This year the award goes to Victor Adriaens​, Rob Hoogmartens, Stijn Bosmans and Kris Panis in the Compressor Technique Business Area.

The team receives the award for pioneering sand printing as casting technology for the production of oil-free elements in compressors, leading to highly improved process efficiency and quality as well as decreased material waste and energy consumption.

The John Munck Award, established in 1988, is presented each year to reward the person or group of people who have produced the best innovative technical development contribution during the year. This year the award goes to Richard Salloum​, Dorothy Noh, Jacob Lee​, Scott Rhim​ and Siva Kailasam within the Vacuum Technique Business Area.

The team receives the award for the development of a visionary extreme ultraviolet vacuum solution which delivers enhanced pumping performance with reduced power consumption, lowered nitrogen use, smaller footprint, and improved serviceability in a seamless integration with the world's most advanced lithography systems.

The Peter Wallenberg Marketing and Sales Award, established in 1996, is presented each year to reward excellent salesmanship as well as the development and field implementation of more advanced and customer adapted marketing sales methods. This year, the award goes to Abimael Alves​, Pedro Roxo, Vanderson Lopes, and Ricardo Matias within the Power Technique Business Area.

The team receives the award for successfully redefining offshore nitrogen from a high risk, low reliability supply of tanked liquid to an onsite-generated, dependable, cost-predictable and more energy-efficient alternative.