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Article: Technology Development Company Announces $11 million dollar investment.
- Article from:
- PR Newswire
- Article date:
- July 31, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ST. JOHN'S, July 31 /PRNewswire/ -- PanGeo Subsea announced today they have secured a multi-million dollar investment to support ongoing commercialization of its innovative acoustic imaging technology and to increase its product offerings. The investment is led by Lime Rock Partners and CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures.
PanGeo Subsea has developed leading edge scientific concepts in the areas of 3D and 4D acoustic imaging technologies into products and services for applications predominantly in the oil and gas industry and other energy sectors. These products are used to interrogate the seabed from the seafloor to the ...