Subscribe to FOSA News

Hifi completes $10 million in equity financing

Calgary-based Hifi Engineering Inc., a developer and supplier of fiber optic sensing technology used to monitor pipelines and oil and gas wells, announced $10.0 million equity financing from BDC and an existing strategic investor. According to the company, the proceeds primarily be put toward rapid commercial growth domestically and internationally, as well as fund ongoing R&D.

“We are excited to be part of Hifi’s organization and to support its management team’s impressive growth plans, which are a win for both the environment and the economy,” says Cheri Corbett, Director, Cleantech Practice at BDC. “We are confident that Hifi can continue on its path of becoming an industry standard system for pipeline operators across North American and internationally.”

Design Engineering July 9, 2019
Read entire article

Recent Stories
FOSA AND FIBER OPTIC APPLICATIONS FOR PIPELINING WITH JJ WILLIAMS & ALEX DE JOODE

Leak Detection in Wells on the Use of Distributed Temperature Gradient Sensing with DAS FEBUS A1

FOSA Public Policy Committee engaged with House and Senate Committee