Illusense Inc., an Edmonton and Vancouver, Canada-based developer of a high resolution laser-based internal oil and gas pipeline inspection technology, secured a $1.6m in funding.
The commitment, whose funds will be received over a project development cycle anticipated to last 2.5 years, came from Sustainable Development Technologies Canada (SDTC).
The company will use the funds to productization and field testing followed by instrument manufacturing and commercial deployment.
Led by Adrian Banica, Executive Chairman, Illusense is developing an ultra-high resolution laser-based internal oil and gas pipeline inspection technology to enhance integrity management by proactively prioritizing pipeline maintenance actions. The resulting 3-D data sets will allow pipeline operators to get access to intelligence to enhance the understanding of the condition of their assets and deliver on their zero-leak goals.
The collected data will be analyzed to identify various wall defects such as dents, cracks, corrosion etc. down to 10’s of microns in size.