HydroFoamer Ltd, a new entrant in the pipeline market, has joined forces with Pre-IPO for their initial €2m raise, to bring the first robotic spray foam platform to market, develop their first hydropower project in Norway and expand operations in the UK.
GENERAL INFORMATION
HydroFoamer Ltd, a UK based company with a global reach, has patented and brought to TRL7 a technology that makes the laying of underground pipes SAFER, FASTER, GREENER and more cost-effective than previously possible. The technology uses polyurethane foam to simplify and reduce the time required for the installation of buried pipelines and thrust blocks, simultaneously replacing traditional gravel-based backfill and achieving at least 7 times greater geotechnical stability.
Backed up by strong IP, unrivalled academic studies, and our first project for the Norwegian hydropower giant Statkraft, HydroFoamer revolutionises pipe installation with a self-contained, state-of-the-art robotic spray foam platform that enables a 75% reduction in installation time for buried pipelines. The platform can install a typical 10km / 6-mile GRP pipeline in around 3 weeks, thus dramatically increasing ROCE and decreasing time-to-market for project developers.
The technique enables greener project construction, particularly in renewables, due to a much lower ecological impact than traditional techniques, and thus enables rapidly expanding markets such as ‘green hydrogen’.
PARTNERS
HydroFoamer has partnered with Pre-IPO www.preipo.com for the fundraising process, and retained Temple Bright LLC as legal counsel.
Do you need more details? Then you are in luck because they can be found here.
@TechmashUK @Biz_Nooz #Biz_Nooz #TechmashUK #Hydrofoamer #IPO #PipeLaying #Underground #Engineering #Pipelines #PolyurethaneFoam #PreIPO
