UNDERWATER INSPECTION
UUV AQUABOTIX EXPANDS DRONE PRODUCT OFFERING INTO OFFSHORE ENERGY MARKET
The underwater drone market is expected to be US$4 billion by 2020.
UUV Aquabotix (ASX:UUV) has the opportunity to further grow underwater drone sales after launching a product into the offshore energy market.
Known as Endura NRG, the drone is engineered to be more dependable in high- current situations offshore, such as conditions encountered in offshore energy production.
The drone is also effective across a wide range of underwater inspection applications, including infrastructure, dams and reservoirs.
Total drone sales for Aquabotix have already passed 350 over the past six years, and Endura NRG increases the company’s product models to eleven.
This new release has the potential to increase revenues, with the company having sales of over $1.1 million for the year ending December 2016,
which was an 80% increase on the previous corresponding period.
Durval Tavares, Chief Executive Officer, commented:
As energy demands continue to rise and energy producers increasingly pursue offshore
supplies, users require a vehicle that could thrive in high-current situations
Through its ability to maintain battery life for a full workday and better acclimate to unpredictable waters, Endura NRG is the ultimate mini ROV for the energy market.
TSC INSPECTION SYSTEMS CONFIRMS ACQUISITION BY EDDYFI TECHNOLOGIES
Contact TSC: Milton Keynes Aberdeen Singapore
Subsea UK Ad Jan
2017.indd 1
This new acquisition by Eddyfi Technologies further broadens the company’s product portfolio and addressable markets.
Visit us on Stand 30
As a world leader in advanced inspection solutions, Eddyfi Technologies is thrilled to announce the acquisition of TSC Inspection Systems.
+44 1908 317444 +44 1224 725136 +65 6543 9728
Headquartered in Milton Keynes, UK, TSC has significantly contributed in shaping the landscape of electromagnetic testing technologies over the last 30 years. The company developed the field-proven ACFM® technology with support from BP, BG Group, Conoco, and Shell, who were keen to significantly improve the reliability of underwater inspections, reduce operator dependence, and provide auditable inspection records. Decades later, the ACFM technology is specified by owners and operators of safety-critical infrastructures worldwide and is accepted as one of the most reliable methods of detecting surface-breaking cracks in steel structures and metallic components.
p30 |
www.sosmagazine.biz | August 2017
The company’s StressProbe™ technology also provides highly versatile, non-contacting strain measurement systems that can operate through coatings in harsh environments, both onshore and subsea. TSC currently has 35 employees and satellite offices in Aberdeen and Singapore.
After it’s successful acquisition of Silverwing in 2016, this additional strategic transaction reinforces Eddyfi Technologies’s presence in the UK and broadens the company’s portfolio of technologies and addressable markets. Martin Theriault, President and CEO of Eddyfi Technologies says: “We will be investing significantly to advance TSC technoloiges and products, while preserving the widely recognized history of AACFM and Stressprobe. We will move the company closer to a technology provider role in better collaboration with the various players of the industry. Our wide network of sales and applications engineers will allow us to support ACFM users worldwide and offer the best to all those relying on the technology to perform surface inspections, topside and underwater. Finally, we are especially excited about entering
Remote subsea ACFM inspection. Diver deployed ACFM inspection. Scanner, Crawler & ROV deployment. Inspecting up to 2000m deep. UWILD inspection campaigns. ACFM inspection services. ACFM systems rentals.
www.tscis.com
the subsea market and expand our range of solutions for the world’s most challenging offshore oil and gas applications.”
With this acquisition, Eddyfi Technologies further accelerates its scaling and growth with more than 235 employees and sales in 70 countries.
20/12/2016 14:34
Last March, Caisse de depot et placement du Quebec (CDPQ) , one of North America’s leading institutional fund managers, invested in Eddyfi Technologies to help it pursue its international growth plan. As a minority shareholder of the company, CDPQ’s investment has helped finance this new acquisition.
www.tscis.com
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