8 years ago

CorrosionRADAR Raises £354k to Develop Remote Corrosion Monitoring Sensors

  • CorrosionRADAR, a UK-based company developing remote sensors for monitoring corrosion in oil and gas pipelines, secured £354k investment

  • Mercia Fund Managers invested £250k, while Innovate UK provided £104k through its investment accelerator pilot program

  • CorrosionRADAR plans to use the funds to develop its technology and business, aiming to secure commercial partners for initial field tests

  • The company's technology focuses on monitoring corrosion in pipelines, particularly in Corrosion Under Insulation (CUI) or buried pipes

  • The CorrosionRADAR technology is permanently embedded and can pinpoint the location of corrosion along the full length of a pipeline

  • The goal is to help companies reduce maintenance costs and maintain safe and environmentally friendly operations

  • CorrosionRADAR is a spin-out from Cranfield University.

      • ProblemTechnology

      "To accurately pinpoint the location of corrosion in pipelines, particularly in Corrosion Under Insulation (CUI) or buried pipes, without obstructing or compromising the pipeline's operation"

      Solution

      "CorrosionRADAR technology is a permanently embedded remote sensor that uses proprietary algorithms to detect and locate corrosion in real-time, enabling companies to reduce maintenance costs while maintaining a high standard of safe and environmentally friendly operations"

      Covered on