Ingu Solutions Named Most Promising Canadian Company at the Rice Alliance Energy & Clean Technology Venture Forum

Kitchener – Sept. 19, 2016 – The Rice Alliance for Technology and Entrepreneurship (Rice Alliance) announced the 10 Most Promising Energy & Clean Technology Venture Companies at the 14th Annual Energy & Clean Technology Venture Forum in Houston last week. Energy & Clean Technology companies showcased their new offerings at the largest venture capital conference in the Southwest with 500 attendees, including investors, venture capitalists, industry representatives, business leaders, service providers, and entrepreneurs.
The one-day event culminated in an announcement of the 10 Most Promising Energy & Clean Technology Companies Award companies chosen from 55 presenters and judged by the Rice Alliance Energy & Clean Technology industry experts and interest generated from participating investors.

Six of the ten most promising companies are based in the Houston area: AIDAP, Ashmin, Big Delta Systems, Inc., C-Crete Technologies LLC, Encline Artificial Lift Technologies LLC and IReamer LLC. The other five companies represented diverse regions, including: Motive Drilling Technologies from Dallas, HyperScience, Inc. from Spokane, WA and two international companies: Impact Technology Systems from Oslo, Norway and INGU Solutions from Ontario, Canada. The announcement of the top companies was made at the end of the program.

“Every year the quality of companies improves,” said Rice Alliance managing director Brad Burke, who presided over the announcement of the winners of the Energy & Clean Technology Venture awards at the event. “Over the past 14 years, more than 1,800 companies have presented at Rice Alliance Technology Venture Forums. These companies have raised more than $3.1 billion in funding. This speaks to the quality of the companies and to the robust entrepreneurial ecosystem of investors that has been developed to support these companies. Despite the challenging economic environment over the past several years, good companies have been able to attract investors.”

Ingu Solutions was named one of the Energy and Clean Technology Venture Companies at the forum. Ingu Solutions developed a unique way to measure the characteristics and flow dynamics of liquids, to make pipelines safer, using free-flowing golf ball sized smart sensors.

Yvonne van den Berg, CCO of Ingu Solutions: “It was a great opportunity to present for such an impressive audience. Taking innovative technology into a traditional market is certainly challenging and events like this provide unique access to our clients and investors. Receiving the award was the icing on the cake and a tremendous booster for our company.”

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The Forum was supported by Chevron, Shell, Wells Fargo, Aramco Energy Ventures, BP, Baer Hughes, ConocoPhillips, Energy Ventures, FMC Technologies, GE, , Statoil, Technip, Total, Andrews Kurth, Norton Rose Fulbright, Altira, Lime Rock Partners, OTM, Leyendecker Executive Search, Jeb & Co. Winstead with supporting organizations Greater Houston Partnership, Canadian Consulate and CleanTech Open, Energy Valley, Inc. Houston Angel Network.