Hifi Launches HDS™ Pipeline Leak Detection Technology; Announces Project Investment With SDTC
Hifi HDSTM Preventative Leak Detection Technology Platform An Industry First In Innovation CALGARY, ALBERTA--(Marketwired – March 4, 2015) - Hifi Engineering Inc. (“Hifi”), a developer of leading edge fiber optic sensing technologies used to monitor gas and fluid flow in pipelines and oil and gas wells, today announced the commercial availability of its HDSTM, high-fidelity dynamic (acoustics, temperature, strain) sensing for real-time, preventative pipeline leak detection. “We are very excited about the launch of Hifi’s HDS technology for real time preventative leak detection for pipelines”, said Steven Koles, Hifi’s President & CEO. “This system has been in development for many years, leverages the success of our HDSTM offering for downhole flow applications, captures the highest quality data in real time, and is the most precise remote sensing technology available in the industry.“ Hifi’s HDSTM high definition technology includes proprietary, sensing-based fiber optic cables as well as optical hardware and software for permanent deployment along a pipeline, for continuous monitoring in real time. The patented software algorithms are designed to correlate acoustic, temperature and vibration / strain data in real-time to discern operating conditions such as excessive strain, thermal events, and security intrusions, which if left unaddressed, could evolve into a leak in the pipeline. The HDSTM system can also detect extremely low flow and pinhole sized leaks, with the ability to alarm and notify the pipeline operator in seconds. “We believe that Hifi has the potential to help the energy industry future and our goal of 100- per-cent safety,” says Rocco Vita, Enbridge’s Director, Emerging Technology. Future releases of Hifi’s HDSTM technology will include pipeline flow monitoring, which will provide high definition data and analysis for pipeline operations, allowing operators to better understand their assets, make smarter operating decisions, enable improved compliance and stakeholders relations and improved insurability. Hifi and Sustainability Technology Development Canada (SDTC), on behalf of the Government of Canada, also announced today project investment from the SD Tech FundTM, of $2.0M as part of a $6.0M development initiative of Hifi’s next generation HDS technology for preventative pipeline leak detection. The announcement was made with the Honourable Tim Uppal, Canada’s Minister of State (Multiculturalism) on behalf of Greg Rickford, Canada’s Minister of Natural Resources, in Edmonton. “Our government is positioning Canada as a global leader in the clean technology sector by supporting innovative projects aimed at growing our economy while contributing to a cleaner environment”, said Jane Pagel, Acting CEO of SDTC. “The project announced today with Hifi is a great example of the Canadian clean tech entrepreneurship that drive SDTC’s portfolio. By supporting these innovative technologies, SDTC is investing in efficiency and environmental performance - which translate into a cleaner environment. We look forward to working with Hifi to get their products to market successfully.” "Hifi is very proud to announce this project investment with SDTC," said John Hull, CTO and Founder of Hifi. “We will continue to work on the technology to ensure it continues to provide the highest quality and highest fidelity data in the market. Hopefully with our industry partners, we can provide renewed confidence to the public and governments that hydrocarbons can be transported safely in pipelines.” About Hifi Hifi is a privately held Canadian company, with minority ownership from Enbridge and Cenovus, specializing in the research, development and operation of leading edge fiber optic sensing technologies primarily used to monitor gas and fluid flow in pipelines and oil and gas wells. Headquartered in Calgary, Alberta, Hifi currently has a number of commercialized products, including its HDSTM MiCro tool offering for downhole flow applications. With over 1,000 wells logged, the MiCro tool has been proven to assist in pinpointing casing leaks. Hifi is currently focusing its research to adapt its existing fiber optic technology to find low rate leaks in energy transportation pipelines and horizontal operating wells. For more information, visit www.hifieng.com. Contact: Steven Koles President & CEO (403) 264 - 8930 email@example.com About SDTC On behalf of the Government of Canada, SDTC helps bring Canadian clean technologies closer to market, readying them for growth and export markets. Through its SD Tech FundTM, SDTC helps companies through the critical juncture when capital and scaling costs become challenges and the risk profile deters other investors. The SDTC portfolio is currently comprised of 269 clean technology projects with a total value of $2.5 billion, of which over $1.8 billion is leveraged primarily from the private-sector. For more information, visit www.sdtc.ca. For media inquiries: firstname.lastname@example.org or call 613.234.6313 ext 243. About Enbridge Enbridge Inc., a Canadian Company, is a North American leader in delivering energy and has been included on the Global 100 Most Sustainable Corporations in the World ranking for the past six years. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a significant and growing involvement in natural gas gathering, transmission and midstream businesses, and an increasing involvement in power transmission. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in more than 1,800 megawatts of renewable and alternative energy generating capacity and is expanding its interests in wind and solar energy and geothermal. Enbridge employs more than 10,000 people, primarily in Canada and the U.S. and is ranked as one of Canada's Top 100 Employers for 2013. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com. About Cenovus Cenovus is a Canadian integrated oil company. It is committed to applying fresh, progressive thinking to safely and responsibly unlock energy resources the world needs. Operations include oil sands projects in northern Alberta, which use specialized methods to drill and pump the oil to the surface. The company also has established natural gas and oil production in Alberta and Saskatchewan and 50% ownership in two U.S. refineries. Cenovus shares trade under the symbol CVE, and are listed on the Toronto and New York stock exchanges. For more information, visit www.cenovus.com.