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InLine-Test AS added to our portfolio

Sep 19,2019

ProVenture is proud to welcome the Molde-based InLine-Test as the latest addition to our portfolio.


InLine-Test AS is a spin-out from OiW Process AS in Porsgrunn and is headed by Jan Gregor Høydahl Sørli.
The company has developed an innovative product for inline testing and certification of pressure safety valves (PSV). The product enables offshore and onshore personnel to reduce the time it takes to test and renew the certificate for pressure safety valves with more than 95%. It will save today’s cost of this operation significantly.
Current practice is to dismantle PSVs and transport them to a work shop where they are tested, and transported back and reinstalled. Issuing new certificates for the PSVs includes several manual steps today. The test kit from InLine-Test simply test the PSVs inline on site and carry out a complete leakage and pop-test according to API standards and upload the digital and encrypted PSV certificate directly into the client’s maintenance system. By eliminating transport of heavy valves to and from a work-shop, potential damage to personnel and valves are also eliminated.
 
The inline test system is cloud based and supports the digital agenda (Industry 4.0) by making the industry more efficient and introducing machine learning on valve maintenance.
 Prototypes have been tested at both onshore and offshore Norway and one unit is to be taken into service offshore in December 2019.
 
ProVenture made this investment together with Skagerak Maturo Seed AS.
-We are very pleased to have InLine-Test among our portfolio companies and we are looking forward to partnering up with Skagerak Maturo and the InLine-Test team headed by Managing Director Jan Gregor Høydahl Sørli to ensure that InLine-Test will reach its full potential, says David Lysne, Managing Partner at ProVenture.
 

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