(Note: This is an Israeli company’s unit IPO. Each unit consists of one share of stock and two warrants, each to buy one share of stock.)
We are a deep-tech development-stage company that aims to disrupt fluid transportation. We are committed to improving and optimizing the global infrastructure of water, oil and gas pipeline transportation by reducing energy costs, cutting maintenance costs, and enhancing capacity without having to replace infrastructure. Our energy efficiency technology is unique in its ability to suppress turbulence by continuously generating low-frequency pressure waves, which achieves minimal hydrodynamic resistance for the pipeline transport process. As a result, friction losses within the pipeline are reduced. Following a 2015 proof-of-concept industrial test of the pressure waves generator, or PWG, which cut specific energy consumption by 35% for about five minutes, we believe that our current prototype will have the potential to reduce pump energy consumption significantly.
We are in the process of developing a novel active flow-control device that introduces pressure waves into turbulent pipe flow and causes a laminarization of the flow, reducing friction on the pipe walls and reducing drag. Our device, referred to as a PWG, is a nonlinear on/off valve installed on a bypass to the pump. When the PWG is operated, it releases a small changing flowrate back to the pump’s inlet, causing change in the pump’s outlet pressure and (sending) pressure waves through the pipe that potentially suppress the turbulence in the pipe. This reduces drag and cuts the pump’s energy cost. This effect is designed to be sustainable for a significant pipe length.
Since February 2022, we have engaged Ozen Engineering, a California-based company, to perform commercial-grade computational fluid dynamics (CFD) simulations of the PWG by considering the impact of generated pressure waves on fully developed turbulent pipe flow. The goal was to further optimize and improve the original PWG design. In addition, we have established in Israel an open-source CFD software/hardware environment and initiated simulation studies to complement and expand on Ozen’s work.
**Note: Revenue and net loss figures are for the 12 months that ended June 30, 2022.