HOUSTON, April 30, 2018 /PRNewswire/ -- Houston
Mechatronics Inc. (HMI), today announced a Series B investment of
$20 million from Transocean
(RIG:NYSE) and existing investor Schlumberger (NYSE:SLB), which led
HMI's Series A investment in 2015.
"We are extremely pleased to have Transocean and Schlumberger as
investors in our company," said HMI President Matt Ondler. "They both bring to us tremendous
strategic value."
Much of the new funding will be directed towards the
commercialization of HMI's first product, Aquanaut, a subsea
service robot that can perform complex tasks over low bandwidth
networks, eliminating the need for surface ships. Beyond
Aquanaut, HMI intends to continue developing novel subsea
capability and other robotic technology for use in oil and gas
applications with an objective to increase reliability, efficiency,
capability, and safety.
"Our approach to Aquanaut and other products is uniquely
inspired and driven by how we designed and operated robots during
spaceflight. We believe these capabilities have direct
applicability to the oil and gas industry, as well as other
industries including defense," stated HMI CTO Nic Radford.
About Houston Mechatronics
Houston Mechatronics is a subsea service company with deep
expertise in robotics and intelligent automation. The company
is founded by former NASA roboticists responsible for designing and
developing some of the most advanced robots in the world. The
company was formed in 2014 and has been actively bringing their
technologies to the Oil and Gas industry across a diverse portfolio
of robotic projects including subsea robotics, advanced
manufacturing, and pipe inspection.
For more information, please contact Sean Halpin at +1 281-942-9069 or
shalpin@houstonmechatronics.com
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SOURCE Houston Mechatronics Inc.