LUX Assure, a company specialising in the development of chemical monitoring technologies for the oil and gas industry with offices in Aberdeen and Edinburgh, will be talking at NACE Corrosion 2013 in Orlando, Florida, about its corrosion management product CoMic™.
The conference is the first event that the company will attend since the announcement of its £3.25million funding. Its corrosion technology is core to the firm’s plans post-investment with the presentation at NACE focusing on case studies from the novel solution developed by the firm in 2010.
The firm plans to double in size in 2013, with its current team of six based in Edinburgh and Aberdeen. It forecasts significant growth in sales over the next year for its core oil and gas technologies CoMic™ and OMMICA™.
CoMic™ is designed to provide an immediate indication of whether the optimal amount of corrosion prevention chemicals is present within oilfield fluid. The development of the product was supported by a major North Sea operator and the UK Government Technology Strategy Board (TSB).
Senior Scientist Cameron Mackenzie from LUX Assure will be presenting at NACE Corrosion 2013 on the Monday 18th of March at 11.15am. The conference takes place on 17-21 March in Orlando, Florida.
Emma Perfect, managing director of LUX Assure, said: “We are delighted to be attending the NACE Corrosion exhibition and we are looking forward to presenting our findings in relation to corrosion management. We will be presenting details of case studies and applications for CoMic™ and giving an insight into academic findings from our work in the industry.” Ms Perfect continued: “We are excited about the opportunities for our products within the oil and gas sector following the investment last month. Our commitment and fresh approach to solutions for the industry has been welcomed by many major oil operators and we look forward to building on this with strong growth throughout 2013.” LUX Assure recently announced its £3.25million funding to transform the company into a service provider for the oil and gas industry. The investment came from ConocoPhillips, Statoil Technology Invest AS, Archangel Information Investment and the Scottish Investment Bank.
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