FLIR Systems completes strategic investment in Providence Photonics LLC
07/01/2020
FLIR Systems Inc and Providence Photonics LLC have announced that FLIR has made a strategic investment in Providence Photonics, which develops advanced software used to quantify invisible gas emissions using FLIR optical gas imaging (OGI) cameras.
Providence Photonics specialises in the development and utilisation of advanced technology in the field of OGI, while tackling some of the industry’s most challenging environmental and safety-related problems. Using patented technology, advanced computer vision techniques and state-of-the-art infrared imagers, the company creates solutions for several applications, including leak quantification, leak survey validation, autonomous remote leak detection and flare combustion efficiency monitoring.As part of the strategic investment, FLIR will gain exclusive access to certain elements of Providence Photonics’ intellectual property, while helping to expand FLIR Systems’ set of offerings to its oil & gas industry customers. The companies will work to deploy Providence Photonics’ quantification algorithms in current and future FLIR OGI cameras and digital services.
“Our investment in Providence Photonics represents another example of our evolution from solely being a leading sensor company to one that adds decision support to create intelligent sensing solutions,” said Frank Pennisi, President of the Industrial Business Unit at FLIR. “This investment enables us to better serve our existing oil & gas industry customers, who rely on our optical gas imaging technology to improve efficiency and safety, while ensuring compliance with methane mitigation regulations.”
www.flir.com
