Most Promising companies announced at Rice Alliance Startup Roundup at OTC

CALGARY – (May 6, 2019) – Ten companies were recognized as the Rice Alliance Most Promising Companies at the 2019 Rice Alliance Startup Roundup at the Offshore Technology Conference (OTC) hosted by the Rice Alliance for Technology and Entrepreneurship in Houston on May 6, 2019. The companies were chosen by industry experts and investors.

Ingu Solutions is one of the three Canadian companies that was recognized, next to Toku Systems and Dark Vision. The other companies are : Cemvita Factory, LaserStream, LiftETC, Oliasoft, Ondaka, Sensorfield, and Syzygy Plasmonics.

“Every year the quality of companies improves,” said Rice Alliance Managing Director Brad Burke, who announced the winners at the event. “This year we had a diversity of companies, both in offerings as well as maturity. These companies demonstrated the diversity of innovation, talent, investment, potential and success in the energy and clean tech industry.”

Ingu Solutions’ Pipers® technology provides oil and gas companies with immediate and affordable access to pipeline assets even in the most challenging conditions. This revolutionary technology uses miniaturized inline sensors to detect leaks, geometric defects, magnetic anomalies and deposits that threaten pipeline performance and safety with zero-downtime. Pipers® eliminate the need for human intervention, reducing inspection costs, and strengthening preventive maintenance.

This is the fifth year for the Startup Roundup event at the OTC. The OTC Startup Roundup showcased 50 promising emerging energy technology companies. Participating startups held several one-on-one meetings with more than 45 investor groups during investor office hours. These companies were in diverse areas within the energy sector and stage of development. It offered a great opportunity for OTC attendees to learn more about these emerging technologies and businesses and enable potential partnerships and investment opportunities.

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The Startup Roundup was supported by Chevron, ExxonMobil, Shell, Insperity, Accenture Wells Fargo, Mercury Fund, BP, Total, Saudi Aramco Energy Ventures, Anadarko, Eunike Ventures, TechnipFMC, Silicon Valley Bank, Altira, Ara Partners, Canadian Consulate, Clovis Point Capital, DCP Technology Ventures, Energy Innovation Capital, EV Private Equity, Hunton Andrews Kurth, Lime Rock Partners, Norton Rose Fulbright, Equinor Silicon Valley Bank, Vinson & Elkins Waste Management, Rice Business | Jones Graduate School of Business.