Companies that develop patented technologies for inspection, monitoring and management of critical infrastructure are being acquired to meet growth demands of larger corporations.
- Pure has received a 102% premium to market
- Xylem quick to recognize growth potential and present value of Pure technology & assets
- Augusta is a peer of Pure and provides similar infrastructure services in Oil Industry
Pure Technologies to be acquired by Xylem
Pure’s business model incorporates four distinct business streams coincident with Augusta
- Premium technical services including pipeline inspection, leak detection and condition assessment
- Specialized engineering services in areas related to asset management, primarily in the area of pipeline condition assessment
- Sales of proprietary monitoring technologies for pipelines
- Recurring revenue from data analysis, site maintenance, and from technology licensing.
Augusta Industries
FOX-TEK – Focused on the oil & gas sector with non- intrusive pipeline technology ( fiber optic sensors ) that accurately measure changes that could negatively impact clients’ operations.
3 Technologies Integral to Fox-Tek Operations:
- EFM for Corrosion Monitoring
- FBG for Cracking Stress Monitoring
- Leak Detection Monitoring
Marcon International – an industrial supply contractor servicing the energy sector and a number of US Government entities, clients that include government departments and global energy companies
- US DHS
- US DOE
- US Air Force / Navy
- NASA
- Qatari Gas
AUGUSTA 2017 HIGHLIGHTS:
- Augusta revenues for 2016 / $4.6M
- Augusta market cap is 6.4$ as of December 14th, 2017
- The proposed Spin-Off of FOX-TEK is expected to return up to $25,000,000 of stock to existing shareholders of Augusta.
- Though terms of the Spin-Off are yet to be finalized, the proposed $2.5:$1 benefit to shareholders is now one step closer with the announcement of the Lock-Up Agreement & NCIB
For more information about Augusta: Â watch this interview with Allen Lone on AGORACOM.