Wave9 automates production site and facility inspection processes using a platform consisting of software and hardware.
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: Regina
State: Saskatchewan
Zip:
Country: Canada
Wave9 enables conventional oil producers to improve production, reduce operating expenses, and mitigate environmental impact by automating daily site inspections using our purpose-built technology platform, coupled with Artificial Intelligence (AI). Our monitoring system provides maintenance staff with a workflow dashboard that prioritizes interventions and feeds the &s;right info at the right time’ to the operator. We automatically inform lease operators or pumpers of issues in order to reduce site visits and allow management by exception. The solution consists of a hardware package that provides visual access to the wellhead, sensors tracking key operating parameters, and analytics software that processes and filters this info, then alerts the operator to certain conditions. The combination of these features and abilities allows a significant reduction in human cost of operation as well as operational risks. The package is designed to be self powered and extremely simple to install and use, which eliminates the need for an electrician and operational shut down during package installation. This further improves the economics of deployment.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 3/2020 | Grant | 1 | $150k |
Government of Saskatchewan Government of Saskatchewan |
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