Viper Subsea acquires stake in LiveWire Innovation
Viper Subsea Technology Ltd. has acquired a 33% equity stake in Salt Lake City, Utah-based LiveWire Innovation Inc.
ABERDEEN, UK – Viper Subsea Technology Ltd. has acquired a 33% equity stake in Salt Lake City, Utah-based LiveWire Innovation Inc.
LiveWire’s spread-spectrum time domain reflectometry (SSTDR) technology transmits small signals along communications or power cables and detects any anomalies along the length of the cable. Proprietary algorithms interpret the signals and convert the information into data that can be used by the client.
The technology enables system operators and equipment manufacturers to “see” into their electrical infrastructure while in-use and to pinpoint the location of electrical short-circuits and open-circuits, as well as intermittent or transient faults such as arcs. SSTDR is said to have the ability to locate faults to within 98% accuracy.
Viper Subsea’s managing director Neil Douglas said: “This is a strategic move that benefits both parties, with Viper Subsea acquiring exclusivity to the SSTDR products in certain geographical markets and business segments.
“SSTDR is a strong value-add to Viper Subsea’s current product capabilities. When coupled with theViper Subsea V-IR and V-LIM products, the combination of market-leading technology will lead to a product that will transform the ability of clients to fully understand the integrity of their electrical cable infrastructure and pin-point the location of intermittent or permanent failures.
“The combined Viper Subsea/LiveWire offer will reduce maintenance and troubleshooting costs for clients, increase system reliability, and reduce down-time for a range of systems that rely on electrical cables to deliver power and/or communications. … The combined technology will be able to extend the useful life of systems and equipment.”
John Baumann, CEO of LiveWire Innovation, said: “The strategic focus of LiveWire has been to partner with OEMs and end-equipment manufacturers to integrate and embed SSTDR capability that is needed for wide scale deployment of the technology.”
Share your news withOffshoreat firstname.lastname@example.org