AN ABERDEEN company yesterday forecast that its wireless-control technology has the potential to be a big earner.
Mark Patterson, managing director of Nautronix, said: “I anticipate that the opportunities for our wireless-control technology have the potential to generate £30million revenue for us in the next five years.”
Last month, Nautronix was recognised jointly with Cameron, a Houston-based international manufacturer of oil and gas pressure-control equipment.
They were honoured at the OTC oil show in Houston in the spotlight on new technology awards, which showcased the advanced technology required to drill miles under the ocean in increasingly harsh environments.
Nautronix and Cameron received their award for NASMux. This acoustic multiplex control system for subsea blowout preventers is in the front-end engineering design stage of development.
This system, which will use Nautronix’s ADS2 (acoustic digital spread spectrum) signalling technology, aims to ultimately remove the requirement for an umbilical for control; resulting in numerous safety, operational and economic benefits to offshore operations.
Andrew Jaffrey, the newly appointed global product manager for wireless controls at Nautronix, said: “There are numerous operations where the targeted use of acoustics for the control and monitoring of subsea equipment would result in operational and financial benefits.
“We have the technology to be able to support these applications, but the key is for companies to have the vision to address old problems in new ways and to identify completely new scenarios.
“I look forward to developing our product line, and to working with our potential customers to develop this innovative side of our business.”
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