Dubai PR Network, Online Press Release from Dubai and Middle East
 
Telecom & Networking(Technology)
Filter PR by
  
Wireless Seismic Raises $12.5 Million in Round Led by Total
 

SUGAR LAND, Texas--(BUSINESS WIRE / ME NewsWire)-- Wireless Seismic, Inc., the leading innovator of real-time and cable-less seismic data acquisition systems for the oil and gas industry, announced today the successful completion of its latest funding round of $12.5 million. Existing shareholders, Chesapeake Energy and Energy Ventures, were joined in this round by Total Energy Ventures, the corporate venture capital arm of French oil and gas major Total.

“Cable-less is becoming a new standard for land seismic acquisition work, and we are very excited to be investing in Wireless Seismic and to provide growth capital for a promising technology,” said Francois Badoual, CEO of Total Energy Ventures. “We believe that the real-time capability of Wireless Seismic'sRT System 2 can offer a substantial advantage in a broad range of operations.”

With this transaction, Wireless Seismic increases its board of directors to six members including Gary E. Jones, Chairman, Wireless Seismic; Roy Kligfield, Chief Executive Officer, Wireless Seismic; Kent Wilkinson, Vice President, Chesapeake Natural Gas Ventures; Larry Lunardi, Vice President, Geophysics, Chesapeake Energy Corporation; Jim Sledzik, Partner, Energy Ventures; and Christophe Tonion, Investment Manager, Total Energy Ventures.

“We are delighted to welcome Total Energy Ventures as a new investor,” stated Kligfield. “Total is a key player in the oil and gas business, operating in over 130 countries. This partnership will be invaluable to Wireless Seismic as we continue to expand internationally.”


Posted by : Dubai PR Network Editorial Team
Viewed 6246 times
PR Category : Technology
Posted on : Wednesday, June 5, 2013  4:42:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : ZTE Attains No.2 Position in Global Optical Networking Marke...
Next Story : Brocade Wins ‘Best Networking Infrastructure Vendor of the Y...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Parmigiani Fleurier's New Tondagraph GT Rose Gold Blue [5338-Views]
essence Essentials For your Eyes! [4084-Views]
Achieve Pore-fect Skin With the Face Shop's Latest Drop [3792-Views]
Versus Versace Republique - VSP1V0519 [3247-Views]
Ogilvy Becomes First Agency Brand to Reach 1 Million Followers on LinkedIn [3218-Views]
KARL LAGERFELD – Back to Black [2927-Views]
Make Up for Ever is Breaking Through With a Lipstick Revolution With Rouge Artist [2644-Views]
Three GEMS Education Schools in Dubai Celebrate a Combined 75 Years of Quality Education [2628-Views]
OMEGA Goes Platinum-Gold For New James Bond Watch [2608-Views]
Huawei is Set to Dramatically Alter the Entry Level Smartphone Segment with the Launch of ... [2448-Views]
Indian shuttlers make a clean sweep at Dubai Sports Council's Community Club's Tournament [2390-Views]
How to Work the Hottest Fall Makeup Trends on a Budget [2341-Views]
Sharjah's Hamriyah Free Zone Inks Deal With Lamprell, Leading Provider of Fabrication, Eng... [2230-Views]
Flydubai Uses Cutting-edge Technology by ASD to Track and Clean Aircraft Seat Covers [2214-Views]
Dubai Chamber Whitepaper Examines Growth Potential of UAE Space Economy [2173-Views]
That Hair Tho – THT Offers Complimentary Haircuts for Those Who Have Lost Jobs, Have Job I... [2148-Views]
Expo Centre Sharjah Delays Watch & Jewellery Middle East Show (WJMES) to April 2021 [2140-Views]
The Time to Prepare for COVID-19 Vaccine Transport is Now [2136-Views]
Free Me – The First Naturally Kind Mosquito Repellent Made in the UAE [2120-Views]
Land Rover Defender Gains Plug-in Hybrid Electric Power, Six-Cylinder Diesel and New X-dyn... [2112-Views]
Euronews Investigates How the UAE is Using Artificial Intelligence in Healthcare and Educa... [2091-Views]
Medcare Partners with InterSystems to Implement World-Class Healthcare Information System [2066-Views]
Dabur Herb'l Launches Natural Gel Toothpaste With the Freshness of Aloe Vera [2046-Views]
Prevention is Better than Cure, Especially with Lice! [1972-Views]
Pogacar Reclaims White Jersey and Climbs to 2nd in General Classification [1964-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories