News

September 2015

Oslo, February 2015: Franatech receives the first commercial order for “fast response” laser sniffer for use onboard AUV/ROV

Franatech has received its first commercial order for the new “fast response” laser sniffer, this from a major oil operator for use onboard ROV in Gulf of Mexico, later this year. For further information, please contact Sverre Slåttsveen, CFO at Televenture Management

February 2017

Oslo, January 2017: Elbit Systems and Nicarnica Aviation AS Performed Successful Ground Trials of Volcanic Ash Detection

Elbit Systems and Nicarnica Aviation achieved a significant milestone by successfully performing ground trials, demonstrating detection of volcanic ash using the ClearVision EVS system. The trial findings verify that the final product will achieve a successful detection at a range of 100 kilometers in sufficient time to allow pilots to avoid the no-fly zone affected by the presence of volcanic ash. For more information, please see www.elbitsystems.com/pressrelease&news, or contact Sverre Slåttsveen, CFO at Televenture Management.

January 2017

Oslo, December 2016: Stingray Marine Solutions AS raised NOK 45 million

Stingray Marine Solutions AS, which offers a unique and patented high-tech optical delousing technology, closed in December a share issue of NOK 45 million at a pre-money valuation of NOK 225 million. The private placement was managed by Pareto Securities in Oslo. The investor interest for this capital raise was significant and the share issue was oversubscribed. For more information, please contact Sverre Slåttsveen, CFO at Televenture Management.

January 2017

Oslo, January 2017: Metas AS awarded contract for the delivery of LoVe Phase II

Metas AS, which offers environmental monitoring system for the petroleum industry’s subsea installations has been awarded a contract in cooperation Kongsberg Maritime for the delivery of LoVe Phase II to the Lofoten Vesterålen Ocean Observatory. Total contract value is approx. NOK 25 million and delivery and installation will take place end 2017/early 2018. For more information, please contact Sverre Slåttsveen, CFO at Televenture Management.

May 2016

Trondheim, April: Industrial cooperation between Augmenti and Norwegian defence and research establishments

In the Norwegian Defence Research Establishment´s (FFI) annual report for 2016, FFI explains the model “Triangle Partnership”, a model for collaboration on advanced technology between defence as a customer, FFI as a research establishment and Augmenti as the industrial partner, http://www2.ffi.no/aware

May 2016

Bergen, April: Metas awarded Demo2000 contract of 7,5 MNOK

Delivery of CO2 leakage monitoring system to Petrobras in Brazil.

April 2016

Trondheim, April: Augmenti enters into a joint marketing campaign with BAE Systems

Augmenti enters into a joint marketing campaign with BAE Systems in relation to their new BattleView 360 Intelligent Situational Awareness product.

March 2016

Oslo, March 2016: Stingray begins leasing its “sea lice laser” tech

Stingray Marine Solutions — the sea lice-combating technology provider which Undercurrent News first covered at NASF in 2015 — has begun leasing its ‘optical delousing’ to Norwegian customers, CEO John Breivik said. He expects the system to be rolled out for international customers later in the year, perhaps by spring. “Last year Stingray was in contact with a number of farmers who increasingly were concerned about the predictability and improved cost-effectiveness connected with delousing,” the firm said in a press release. “More and more reported that the cost of combating lice had been both confusing, and made solid inroads into their investment budget, especially considering the structure of regulations against lice.” In a bid to give customers predictability over the space of a minimum of four years, Stingray has now begun leasing the technology, meaning “no appreciable increases or surprises on costs en route”. “This means that the company will be able to offer leasing to all new customers, providing fixed and predictable monthly costs with favorable conditions for farmers.”

February 2016

Oslo, February 2016: Genetic Analysis signs distribution agreement for China and Finland

Genetic Analysis has entered into an exclusive distribution agreement for the Chinese and Finnish markets with Biohit Oyj (Biohit), a Finnish biotechnology and diagnostic company. Biohit also invests in Genetic Analysis through a share exchange agreement.

February 2016

Oslo, February 2016: APT has opened an office in Houston, Texas

We are pleased to announce that APT now has an office in Houston, Texas. The office is manned by Dr. Richard Patience. Richard has over 30 years industry experience working for BP (UK), Statoil (Norway), Unocal and Chevron (USA).

February 2016

Trondheim, February 2016: Clarity WTS has been awarded a contract with Tjeldbergodden Rensefisk

Protein-skimmers and ozonation to Tjeldbergodden Rensefisk Clarity has gained a contract of delivery, new build and installation of protein-skimmers, ozonation, piping and construction with Tjeldbergodden Rensefisk. Installation and start-up takes place I Q1, 2016

November 2015

Trondheim, November 2015: AR and BMS – Enhanced Situational Awareness

The 7 November 2012 Augmenti Defence and the Defence Research Establishment (FFI) signed an agreement on the development of Augmented Reality (AR) for the armed weapon station Protector Nordic, supplied by Kongsberg Protech Systems. The project was also supported by Innovation Norway as an OFU project (Public research and development). The October 8, 2015 Augmenti Defence together with FFI conducted the final demo and system test on the solution for specially invited guests. Among these were the Army Weapons School, the Army’s cavalry division (KESK), the Norwegian Defence Logistics Organization (FLO), Kongsberg Protech Systems and BAE Systems AB. The demonstration was conducted around a hypothetical scenario, prepared by the Army’s cavalry division, and executed with the use of the Army’s CV-90 tracked combat vehicles, one IVECO Light Multirole Vehicle fitted with the Protector Nordic weapons station and one squad.

September 2015

Oslo, September 2015: United States Coast Guard (USCG) has awarded Light Structures a contract for the delivery of 5 (five) Advanced Hull Condition Monitoring systems plus an option for an additional

Light Structures AS has received contract for a total number of 5 Advanced Hull Condition Monitoring systems to the United States Coast Guard. Delivery of the systems is expected end 2015. The Contract also includes an option for the delivery of 10 additional systems for delivery after 2015. For more information, please contact Sverre Slåttsveen, Partner & CFO at Televenture Management.

September 2015

Bergen, 2015: Metas AS has been awarded a contract for delivery of 2 sensor platforms

Metas AS has been awarded a contract for delivery of 2 sensor platforms, one as towed vehicle and another as stationary platform. Both for the purpose of distinguishing fish eggs from other elements by using acoustic sensors. The systems was successfully tested in Lofoten area. The project was a cooperation between the Institute of Marine Research and Metas, funded by Statoil.

September 2015

Oslo, September 2015: Light Structures awarded contract for 4 Hull Stress Monitoring systems to the Mitsui OSK Line

Light Structures AS has been awarded a contract from Samsung Heavy Industries for 4 Off Hull Stress Monitoring System for delivery to Mitsui OSK Line. Final delivery will take place during 1H 2016. For more information, please contact Sverre Slåttsveen, Partner & CFO at Televenture Management.

September 2015

Oslo, August 2015: Stingray Marine Solutions AS awarded contracts for the delivery of 6 optical delousing systems (“Stingray nodes”) to Marine Harvest ASA

Stingray Marine Solutions AS, which offers a unique and patented high-tech optical delousing technology has been awarded a contract for the delivery of 6 complete Stingray nodes (plus an option for an additional 4 Stingray nodes in) to the fish farming giant Marine Harvest ASA. For more information, please contact Sverre Slåttsveen, Partner & CFO at Televenture Management.