HalfWave AS

HalfWave AS

HalfWave AS

Overview
Date Founded

2011

Headquarters

Glasskaret 1,Ovre Ervik, Hordaland 5106

Type of Company

Private

Industries

Oil & Gas
Holding Companies

Company Description

Halfwave AS provides ultra wideband acoustic inspection technology for the oil and gas industry. It offers Acoustic Resonance Technology (ART), an ultra-wideband acoustic inspection technology that exploits half-wave resonance to offer penetration and measurement capabilities. The firm's ART technology is used in various application areas, such as coating disbondment, measurement through riser and pipeline coating, lined pipe, hydrate, and defense related acoustic systems. It also serves maritime, defense, and medical sectors. The company was founded in 2012 and is headquartered in Ovre Ervik, Norway.

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In The News
Executives & Employees

Chief Executive Officer

Director, Research & Development

Board of Directors

Senior Partner at Energy Ventures Holding AS

Operating Partner at Energy Ventures Holding AS

Board Member at HalfWave AS

Former Co-Chief Executive Officer at HalfWave AS

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HalfWave AS
Recent Transactions
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Energy Ventures Holding AS, Chevron Technology Ventures LLC purchase HalfWave AS from Det Norske Veritas AS

Investors
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EV's investment focus targets early- to mid-stage ventures in the oil and gas technology sectors. They look for high-growth firms with unique proprietary technologies or solutions/services capable of reaching international markets. They target firms based in the North Sea area or North America having scalable business models in the hydro-carbon value chain. They also consider oil and gas related domains such as environmental, marine and materials technologies.EV is an active investor. They are highly involved investment partners and work closely with skilled, value conscious management teams having a commercial orientation. They draw on their industry network to provide expertise and synergies with their portfolio firms.They typically hold a minority stake with investment sizes per firm ranging from $5 million to $20 million. In certain circumstances, they take majority stakes. Investment fund life is usually seven to eight years

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Chevron Technology Ventures seeks to identify new technologies and business opportunities that can create value for their Chevron Corp., their parent firm. They invest directly in early-stage technology companies and venture capital funds with a focus on the energy and power sectors. The firm also invests in early-stage companies and venture funds outside the energy sector. In addition to external investments, Chevron Technology Ventures invests in promising technology-related business opportunities created by Chevron employees.Chevron Technology Ventures invests in the following industries: (1) information technology hardware and software (2) advanced materials including nanomaterials and MEMs technology (3) networking (4) intelligent devices (5) wireless communications (6) fuel processing and hydrogen infrastructure (7) renewable energy technologies (8) hydrocarbon processing (9) power quality technologies (10) separation (11) catalysis (12) advanced exploration (13) downhole processing and communications (14) deepwater production and development (15) heavy oil upgrading (16) sensors (17) improved production and (18) fuel additives and lubricants.

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Shell Ventures targets startups and Small & Medium Enterprises (SMEs) from their early stages to their scale and growth phases. The firm investment focus is a mix of oil and gas, renewable energy and cleantech, new fuels for transport, smart mobility and digital. The investment strategy is to be a significant minority investor - a typical initial investment is $2-5m, with a total of $15-20m over the lifecycle of investment. We will lead or follow funding rounds, which means we actively form syndicates with other venture capital funds. It makes minority investments that help to develop new technologies or disruptive business models in areas of strategic interest to Shell's businesses.

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