More news about Hydromea SA

First successful deployment of Hydromea’s underwater communication system

05.03.2019 08:51
Hydromea's Luma

Subsea data collection and transfer are turning wireless and risk-free, thanks to EPFL spin-off Hydromea. In November of last year, the startup successfully deployed its subsea communication system for the first time together with Ashtead Technology.

The EPFL spin-off Hydromea develops products and solutions, which allow autonomous ultra-fast and high-volume remote subsea data access in real-time for offshore energy companies. Their products, such as the LUMA, a wireless high-speed underwater communication system, render cables obsolete and replace ships and commercial divers by combining robotics and wireless communication network systems. The global market for these products is worth $5 billion today and the growth of 14% CAGR is constrained by the limited speed of data transmission and delayed delivery rates, according to the 2018 study by Research and Markets.

«We sell our hardware to subsea equipment manufacturers who in turn work for energy majors such as Shell, BP, Chevron, Equinor or Total», says Igor Martin, CEO and cofounder of Hydromea. The startup’s long-term vision, according to Mr. Martin, is to provide subsea data analytics based on the data its devices will deliver.

In November 2018, the first LUMA was successfully installed by Ashtead Technology, which integrated the LUMA in their Autonomous Monitoring System. «With the integration of Hydromea’s LUMA the data rate, immediate response and reliability of communication were significantly improved. », says Ross McLeod, Technical Director of Ashtead Technology. “This project has proven that Hydromea’s LUMA wireless optical modems integrated with Ashtead’s data management systems can reduce risk and add value on many subsea monitoring applications where real-time data access is critical across subsea construction and life of asset support operation.”

Hydromea is currently finalizing an early stage capital round. By the end of the year, the startup wants to expand its team, adding six new team members to the three founders Felix Schill, Alexander Bahr and Igor Martin.

(SK)

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