The company is developing WAND – wireless and non destructive – technology, intended to assist in monitoring corrosion, cracks or defects. The ultrasonic sensors are small, passive and wireless and can be attached permanently to structures, even if the structures are beneath a layer of material or coating. This is said to bring a significant reduction in cost and downtime compared with conventional monitoring techniques.
Dr Matt Butcher, Inductosense’s CEO, said: “Over the past year, we have had great success in development of the technology and commercial traction. With the investment, we want to accelerate our pace and progress from trials to commercial deployment of sensors. We are also commercialising some exciting new products.”
Since the company was formed in 2015, the team has launched a system for measuring internal corrosion on pipework and secured orders. It is now working with major companies on trials focusing on asset monitoring.
IMechE chief executive Stephen Tetlow added: “It is exciting that we can support cutting-edge technologies, like those being developed by Inductosense that are, in George Stephenson’s words, ‘likely to be useful to the world’.”