The COTEC Innovative Status distinguishes the good practices of LS in terms of innovation, contributing to the public recognition of the company as a creator of value for the Portuguese business fabric.

It is with great pride that we announce the recognition of the COTEC Innovative Status, granted by that organisation to Luís Simões, for our initiatives in the area of innovation, compliance with financial solidity standards and our economic performance.

The COTEC Innovative Statute, valid annually, aims to distinguish companies of Portuguese origin for their performance in terms of innovation, as well as to promote public recognition of their activity in this field, as an example of value creation for the national economy. Likewise, it aims to foster the creation of a network of partners that reinforces the importance of the distinction and enhances new benefits among innovative companies.

The COTEC universe is made up of multinational companies, large national groups and SMEs from different sectors, which between them generate over 16% of national GDP and 8% of private employment.

_______________
“At LS we work to develop and manage transforming solutions which enable us to optimise business management and continue to offer a quality service to clients. This recognition as a COTEC Innovative places us at the forefront of innovation in Portugal and strengthens our will to pull out all the stops to maintain this status year after year,” comments José Luís Simões, Chairman of the Board of Directors of Luís Simões.

COTEC is the main Portuguese business association for the promotion of innovation and technological business cooperation, and its activity focuses on the reflection on the impact of innovation on the competitiveness of companies, through the activation of collaborative platforms and networks. Its work also focuses on improving public policies in this area, a mission for which it has the support of the President of the Portuguese Republic, Honorary President of this association.