Israel Natural Gas Lines invests in monitoring infrastructure startup Prisma Photonics
Israel Natural Gas Lines (INGL), announced a strategic investment in Prisma Photonics, a startup that develops advanced system for monitoring critical infrastructure in real time. The investment agreement comes one year following an agreement between the companies pursuant to which Prisma Photonics will implement its PrismaFlow™ system for continuous monitoring on gas pipeline segments in Israel.
Israeli startup Prisma Photonics has developed a unique solution for monitoring critical infrastructure. Its PrismaFlow™ system is an advanced fiber-optic-based sensory system capable of identifying leaks, alerting on damaged pipes, and identifying any excavation in its proximity. The system relies on optical infrastructure installed adjacent to the line, which transforms the optical fibers into an ultra-sensitive series of sensors capable of detecting minor leaks and alerting their exact location in real time.
Shmuel Turgeman, CEO, Israel Natural Gas Lines: "Investment in Prisma Photonics is part of the commitment of INGL to promote safety and monitoring of our gas pipeline infrastructure. Within this framework, we constantly take steps to promoting and implementing innovative and advanced technologies which allow us to address the complex challenges in the field. In Prisma Photonics we found real partners for promoting security of critical infrastructure and a concern for safety of the national supply system."
Eran Inbar, CEO, Prisma Photonics: "The investment INGL is making in our company now, and those made before it by Israel Electric Company, represent a real vote of confidence in our solution. It's not every day that two state-owned companies invest in the same company. There are tens of thousands of kilometers of critical infrastructure in Israel, from natural gas, electricity, water and all the way to communication infrastructure. Securing such infrastructure is a strategic endeavor for any country, and allows to quickly detecting damages and malfunctions in the infrastructure, even before they occur. We have revolutionized real-time monitoring of critical infrastructure, and this investment is an additional evidence for it."
Prisma Photonics solution is based on groundbreaking technology protected by a number of patents and which has won a number of international technology competitions, and has been installed by utilities all over the world.