IntelliView Technologies Inc. announces a $1.5 Million Investment from Enbridge Inc.
CALGARY, Jan. 28, 2014 /CNW/ - IntelliView Technologies Inc., a leader in industrial asset management and environmental protection, announced today that it has secured a $1.5 million investment by a wholly owned subsidiary of Enbridge Inc. (TSX: ENB) (NYSE:ENB). The investment will support the company's continued development and deployment of their industry-leading pipeline leak detection solution employing multi-spectral sensors and proprietary video analytics. IntelliView's solutions are scalable to small, medium and large sites and can be configured for a variety of environments such as river crossings and pump stations with outdoor, indoor and perimeter security.
"We are pleased that Enbridge has recognized the potential of our solution to address risk in this important area", said Bill Hews, IntelliView's Executive Chairman. "We welcome their support and engagement as an investor as we drive forward with North American oil and gas carriers in the deployment of this technology."
"As a leader in the safe and reliable delivery of energy, Enbridge continues to invest in new technologies that are strategically aligned with the company's interests and improve upon our existing practices," said Chuck Szmurlo, Vice President of Alternative and Emerging Technology, Enbridge Inc. "IntelliView's thermal camera technology is an innovative leak detection solution for our industry and Enbridge is pleased to be an investment partner."
About IntelliView Technologies Inc.:
IntelliView Technologies is a Calgary based manufacturer of leading-edge intelligent video solutions for industrial video surveillance applications. The company transforms video cameras into intelligent sensors and offers customized solution packages that enhance the safety and security of industrial applications. Solutions incorporate patented video analytics and image processing technologies to detect, identify, and track objects in real-time as well as the ability to analyze surveillance footage. User defined notification alarms with a picture or video of the incident are sent through a variety of communication methods to local or remote monitoring centers. IntelliView sells and supports products throughout North America. In Western Canada they are distributed by Spartan Controls among others. For more information visit www.intelliview.ca.
About Enbridge Inc.:
Enbridge Inc., a Canadian Company, is a North American leader in delivering energy and has been included on the Global 100 Most Sustainable Corporations in the World ranking for the past five years. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a significant and growing involvement in natural gas gathering, transmission and midstream businesses, and an increasing involvement in power transmission. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in 1,700 megawatts of renewable and alternative energy generating capacity and is expanding its interests in wind and solar energy and geothermal. Enbridge employs more than 10,000 people, primarily in Canada and the U.S. and is ranked as one of Canada's Greenest Employers and one of Canada's Top 100 Employers for 2013. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com.
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