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INGU receives Frost & Sullivan Award

San Antonio, TX – June 13, 2022 – Frost & Sullivan recently evaluated the North American pipeline inspection technology industry and, based on its analysis, recognizes Ingu Solutions (INGU) with the 2022 North American Technology Innovation Leadership Award. INGU is well-positioned to capitalize on new growth opportunities, cementing its leadership in the pipeline inspection technology space. Backed by world-class pipeline inspection experts, the company developed its technology over the last eight years to optimize data insights and deliver operational and cost efficiency. INGU works continuously to refine its holistic approach to pipeline inspection by building its technology to specifically bridge industry gaps.

INGU’s device, Pipers®, tracks pressure changes and maps the profile of flow rates, hazards, and leak detection within a user’s pipeline. The primary device measures 2.8 inches in diameter to fit most pipelines, but the company also offers 1.5-inch and  2.2-inch versions all of which can be deployed in various fluids, including crude oil, freshwater, and gas. The time-efficient pipeline inspection and maintenance tracking technology:

  • Eliminates the costs and need for expensive equipment and on-site engineers to insert and extract inspection tools from the pipeline when using conventional in-line inspection solutions
  • Reduces operational costs
  • Supports precise identification of leakages or cracks that affect safety or operations
  • Improves pipeline inspection efficiency
  • Scales impeccably to fit customer-specific needs
  • Offers flexibility and precise readings to help users make the best decision for repairs with their pipelines and deliver the necessary tools and solutions

“INGU’s Pipers® device is a groundbreaking, innovative technology. Its strong intellectual property portfolio and ISO 9001:2015 certification uphold its pioneering technology, adding value relative to its growth potential, thus securing a competitive advantage,” explained Mia Martinez-Palacios, Frost & Sullivan Best Practices Research analyst.

INGU’s industry experts offer users knowledgeable, systematic, and conscientious options and resources to support users in providing a safe and reliable pipeline. The company’s culture supports employee happiness, and happy employees translate to satisfied customers, customer loyalty, and revenue growth. The company has grown to more than 75 oil and gas (O&G) global customers within the United States and Canada and 50 water customers through its partnership with PICA. It successfully commercialized Pipers® for Chevron in 2017 and continued to gain momentum in the global O&G and water industries. INGU has inspected 450 operational pipelines for its customers, including Chevron, Petrobras, Husky Energy, and Whitecap Resources. The company is spreading widely in different parts of the world, including South America, Brazil, Australia, and Nigeria, and plans to commercialize more outside the US and Canada.

Kartikey Shukla, a senior research analyst, said, “INGU Solutions deliver cost efficiency and reduced downtime to its users with its pipeline inspection technology. The company stands out from competitors based on its commitment to innovation and creativity while achieving commercial success.”

INGU’s first-mover status strengthens its position in emerging solutions due to its technology’s rapid, widespread adoption. With its robust technology, excellent performance, and superb leadership, INGU earns Frost & Sullivan’s 2022 North America Technology Innovation Leadership Award in the pipeline inspection technology industry.

Each year, Frost & Sullivan presents this award to the company that develops a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

 

 

Other News

Steve Bolze, former CEO of GE Power and Water, joins INGU board

Williams joins INGU as a strategic investor

Former Senior Chevron Executive Joins INGU Board

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John Hanten

Operating Partner at Energy Innovation Capital
John is a former Venture Executive from Chevron Technology Ventures. He was responsible for identifying and executing venture capital investments in companies that have technology beneficial to Chevron, and assisting in the introduction and deployment of the technology. John has over 35 years of O&G industry experience. He is currently a Rice Alliance Advisory Board member, and is active in HTC Energy events. John has a BS in Earth Sciences from the University of Minnesota Duluth, a MS in Geophysics from Purdue University (Phi Kappa Phi) and an MBA from St. Mary’s College.

Steven Cooper

Venture Principal at Chevron Technology Ventures

Steven is a Venture Principal with Chevron Technology Ventures on the Core Venture Fund investment team. Chevron Technology Ventures (CTV) was launched in 1999 to identify and integrate externally developed technologies and new business solutions with the potential to enhance the way Chevron produces and delivers affordable, reliable, and ever-cleaner energy now and into the future. Its Core Venture Fund invests in technologies that have the potential to add efficiencies to Chevron’s core business in the areas of operational enhancement, digitalization, and lower-carbon operations.

Steven has 12 years of experience in the oil and gas industry, 10 with Chevron. He has held various assignments in both upstream and downstream, beginning his career in Liquefied Natural Gas Technology Development before transferring to the El Segundo Refinery as a Process Engineer supporting naphtha and gas oil hydrotreaters and then working as a Process Automation Engineer specializing in Safety Systems. Prior to becoming a Venture Principal, Steven first joined Chevron Technology Ventures in 2019 as a Decision Analysis Advisor, supporting projects across the technology portfolio and ensuring high decision quality around development and deployment of externally developed technologies. Prior to joining Chevron, he worked for Baker Hughes Incorporated and ExxonMobil Chemical Company.

Steven holds a Bachelor of Science in Chemical Engineering and a Master of Science in Data Science, both from Rice University in Houston, TX.

Amy Shank

Vice President Safety & Operational Discipline at Williams
Amy is the Vice President of the Safety & Operational Discipline organization for the Williams Company. Her current responsibilities span multiple facets of regulatory compliance, employee & process safety, emergency preparedness & response, maintenance management & GIS system support, asset integrity, incident investigation, and risk. Amy has been with Williams for 25 years and has a total of 34 years of experience in the energy industry overseeing compliance programs, developing and building large scale pipeline and facilities projects, and leading teams of technical experts. Amy has a BS in Mechanical Engineering from the University of Oklahoma and an MBA from Oklahoma City University.

Steve Bolze

Former CEO, GE Power and Water

Steve Bolze recently launched Standish Spring Investments to support founders scaling early and growth stage organizations that support the energy transition.

Prior to launching Standish Spring Investments, Steve was a senior managing director and head of infrastructure portfolio operations and asset management for Blackstone’s dedicated infrastructure business. He was one of the founding partners of Blackstone’s infrastructure investment fund, valued at more than $25 billion currently, and partnered with portfolio company CEOs to drive key value creation initiatives.

Before joining Blackstone, Steve had a nearly 25-year career at General Electric, during which time he successfully led several of the company’s largest businesses. In his last role as President and CEO of GE Power and Water, he oversaw the company’s $28 billion power generation and renewables business, operating in over 140 countries with 52,000 employees; at the time its technology helped provide more than one-quarter of the world’s electricity.

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Mark Menke

Former General Manager M&A, Chevron
Mark joins INGU’s board of directors after 35 years’ experience in the oil and gas industry. Menke is the former General Manager, Mergers and Acquisitions at Chevron, a position he held for 13 years. During that time, he was also on the advisory board of Chevron Technology Ventures—a role that afforded him unique insights into innovative start-up and growth companies in the energy sector. Mark also served as Global Business Manager for Chevron’s $1B global fuel and lubricant additives division and held the position of Director of Chevron’s International Business Development efforts for 6 years. He currently serves on Rice University’s Engineering Advisory Board and is an independent director with WildFire Energy LLC. Mark brings global oil and gas expertise to INGU’s growing international presence across the industry.

George Coyle

Managing Partner,
Energy Innovations Capital

George is co-founder and managing partner of Energy Innovation Capital, a capital provider to energy innovators. George is an experienced venture capital investor, having co-founded three corporate venture capital groups: Chevron Technology Ventures, ConocoPhillips Technology Ventures Investments and Energy Technology Ventures. He previously worked in Exploration & Production leadership roles at Chevron and is an active member of AAPG, SEG, and SPE. George holds an MBA from Tulane University, a M.S. in Geology from the University of Kansas and a B.S. in Earth Sciences from the University of New Orleans.

Michael Riedijk

Cleantech investor and serial entrepreneur
Experienced CEO and serial entrepreneur with 2 successful tech exits, green/clean tech investor with a history of working on internet, cleantech, agriculture, and marine technology. Strong business development professional with a Master’s Degree in Industrial Design Engineering from Delft University of Technology. Michael’s companies have been awarded the ‘Obama Champion of Change’ Award at The White House in 2011, the ‘Red Herring Top 100 North America 2012’, the ‘Deloitte Technology Fast 500’ for several years in a row, INC 5000 and Growth 500.

John van Pol

CEO and Director, INGU
Innovator and Entrepreneur with a 20+ year career in science and technology with a passion for new and unprecedented ideas. Started working on advanced sensing technologies during his PhD in Nuclear Physics and is currently applying his sensing and data analytics expertise to the oil & gas sector. Brings a superlative career history in leveraging strategic business and institutional partnerships to drive cutting edge research and deliver tangible results to the global marketplace. Offers a comprehensive scientific background reinforced with formidable talent in analyzing, evaluating, and overcoming complex technological, operational, financial, and legal obstacles. Possesses a solid network of business partnerships in the Netherlands and Canada, with an award-winning track record in leading international business development in the European and Canadian markets for advanced sensor application solutions.