Argeo granted new patent for electromagnetic method for tracking and detection of pipelines and power cables

Jun 28, 2023 | News

Asker, 28.06.2023: Argeo Robotics AS, a fully owned subsidiary of Argeo AS, has been granted a patent from the Norwegian Industrial Patent office (Patentstyret) for a subsea electromagnetic remote-sensing system for tracking of buried cables and pipelines below the seafloor.

This patent protects Argeo’s exclusive services with the products “Argeo Whisper” for finding and tracking pipelines and cables below or on the seafloor at depths not possible with conventional technology. Argeo Whisper is integrated on Argeo’ Autonomous Underwater Vehicle (AUV). It can also be installed on other subsea vehicles such as ROVs and can also be used when towed behind a surface vessel.

Argeo has developed a portfolio of electromagnetic source and receiver systems for AUVs, Underwater Intervention Drones and ROVs.

With the successful development of subsea electromagnetic technology and by establishing a significant patent portfolio around it, Argeo is now pursuing product sales and services utilizing Argeo Whisper in new markets segments with significant growth potentials.

“There is significant interest from the offshore windfarm and oil and gas industry in this technology for power cable and pipeline tracking, and this patent puts us in a strong position with a competitive edge” says Trond F. Crantz, CEO in Argeo.

“We are very pleased with the electromagnetic source and sensor technologies that are developed by Argeo Robotics, and protecting our inventions is something we consider of utmost importance.” says Thorbjørn Rekdal, CTO in Argeo.

MORE FINANCIAL NEWS

Insights from Wall Street Journal into the Marine Minerals industry

Insights from Wall Street Journal into the Marine Minerals industry

The Wall Street Journal has recently published an interesting video-article with some insights into potential marine mining technologies and industry valuation estimates. To fully unlock the potential of this emerging sector, including a comprehensive understanding of...

Argeo achieves significant growth in the second quarter

Argeo achieves significant growth in the second quarter

Asker, 29 August 2024: Argeo reports good growth performance for Q2 2024, driven by significant contract wins and strategic advancements in our technology portfolio. Revenue improved to USD 15.7 million, marking an increase of 1037% year-over-year (YoY). EBITDA rose...