Creating the keys to unlock the Fourth Industrial Revolution, this worldwide solutions provider in the IIOT market delivers continuous measurement and condition monitoring products and related software for harsh, remote environments

Bridging the physical and digital worlds, this industrial sensor business is driven by research and development of award-winning products designed to increase operational efficiency, reduce unplanned downtime, and increase throughput in harsh environments including the mining, oil and gas, power generation, chemical processing, and water/wastewater markets. 

Key Aspects

•World leading, high-performance technologies with multiple communications options that provide consistent, reliable and accurate measurement

•As the digital world is expanding exponentially to replicate the physical world, the need for accurate measurement grows

•Wide range of proprietary sensors which utilize acoustic wave, microwave, sonar, radar and laser methodologies.

•First guided wave radar (GWR) product on market that is powered entirely by its connection to a powered network switch and does not require a secondary power source.

vHigh quality measurement without the additional installation and energy costs of other GWR products on the market

•Proprietary fiber optic system for sensing vibration, strain and temperature variations over significant distances on oil and gas pipelines, conveyor systems and for perimeter security

vCost effective measurement system that not only monitors for system failures, but also for collision avoidance, thus saving lives

•All sensors are IP addressable and capable of remote commissioning and monitoring on the company’s proprietary software platform from anywhere in the world.

•Specific compensative measurement tailored for each customer based on temperature, pressure, humidity, specific gravity, material density, and clarity

•Control boards are designed in house and manufactured by third parties to exacting specifications

•ISO 9001:2015 Certified manufacturing facility

•Total addressable IIOT global market is estimated by Grand View Research to be USD 321.8 billion in 2022 with an expected CAGR of 23.2% from 2023 to 2030

Opportunities

•Great capability for this unique business to grow and thrive to become a significant world player in technology-based solutions for multiple industries

•Accelerate research and development of sensors for use in high pressure and high temperature environments

•Automate manufacturing of certain products to mass produce at lower cost

•Build out a more robust sales and marketing effort

•Additional sales engineers and product managers in large markets

•Establish an aggressive marketing program to educate specifying engineers and owner-operators about the benefits of the company’s products

•Attendance at industry specific conferences where opportunities to present white papers and for speaking engagements are available

•Develop recurring revenue streams from calibration services and monitoring/ maintenance contracts

•Offer incentives for distributors to more aggressively sell the company’s products in their respective markets

•Increase the market presence of the products by obtaining additional international certifications

Headquartered

•The company’s Australian manufacturing plant is approximately 900 square meters and is owned by a related entity. The property may be purchased as part of the business acquisition or continued to be leased. 

•The United States manufacturing facility is approximately 1,000 square meters and is leased from an unrelated entity.

Current Markets

•The company operates in a segment of this market for measurement and monitoring of products and operations, respectively, for multiple industries, including:

•Mining

•Oil & Gas

•Water & Wastewater

•Agriculture & Forestry

•Pulp & Paper

•Chemical Processing

•Metal smelting

•The company has an established global network of distributors, manufacturer’s representatives, and automation service organizations.