January 23, 2007, Toronto, ON, Canada--Fiber Optic Systems Technology (FOX-TEK), a developer of patented fiber optic sensing products, announced the acquisition of PinPoint Corrosion Monitoring, a Canadian developer and manufacturer of pipeline wall-thickness monitoring technologies.
The acquisition of this complementary technology offering gives FOX-TEK the ability to combine the data from both technologies and provide customers with a complete picture of the generalized and pitting corrosion condition of their assets. FOX-TEK utilizes fiber optic sensors, which are bonded to the outside of a pipeline or vessel to measure the effects of corrosion. PinPoint's system features a removable sensor sleeve that contains an array of electrodes that produce readings that correlate with size of corrosion defects or "pits" inside a pipeline. Both technologies allow for continuous monitoring and provide precise data alerting operators at the first sign of corrosion.
"We've conducted successful installations of our technology at sites in many locations, working with some of the biggest names in the oil and gas industry--but one of the keys to being a market leader is continued improvement," said Dr. Essam Zaghloul, FOX-TEK's president and CEO. "Acquiring PinPoint adds to the depth of our corrosion monitoring solution, and allows us to become a true "one-stop shop" for customers dedicated to maintaining pipeline integrity."
For more information, visit www.fox-tek.com.