The company is targeting the significant and growing $15BN Non Destructive Testing Market. The company’s technology reduces the time and cost associated with monitoring structures.
Inductosense products can be used for monitoring of internal corrosion / erosion of structures covering Oil&Gas, Nuclear, Mining and Renewables applications. We are also developing the technology to monitor various defects in composite structures.
The technology consists of 3 components; (i) battery-free, RFID tagged, wireless ultrasonic sensors designed to be permanently installed onto a structure (ii) the WAND data collector to wirelessly activate and acquire the signal from the sensors (iii) the IDM software for data management/analysis and configuration of the WAND Data Collector.
The core technology is protected by granted patents and initial customers include some of the biggest blue chip players in the oil and gas sector. This round of funding is focussed on scaling up business development activities with a view to becoming cash generative