Commercializing Gas Optics' gas leakage detector and automatic shutdown technology

We believe we have a ground-breaking technology with commercialization potential. We have developed the first and only patented Gas Vision System technology. By applying to the SME Phase 2 scheme, we can maximize our commercialization activities through the EU funding. This technology is the main component of GO’s technology concept “Faster and Safer Detection” and is a unique and patented optical gas imaging technology (OGI) that allows an invisible gas leak (methane, ethane, propane, butane, propylene, pentane, among others) to be immediately pinpointed and evaluated, correct measures to be taken and the leak repaired. This is the only available OGI technology using gas correlation as market state of the art principle of measurement to visualize a gas leak. Our SME Phase 2 project will include activities such as field trials and validation, SIL certification, and product and production documentation. We will also have costs associated with network establishment and commercialization plans, as well as launching the “Faster and Safer Detection” concept in initial target markets (e.g. the North Sea region).