Integrative Nanotech Ltd.
Precision at the Nanoscale. Protection at Every Scale.
Advanced hydrogen sensors, powered by proprietary nanomaterials, provide ultra-sensitive hydrogen leak detection. Improve product margins, reduce insurance premiums, and ensure the highest levels of safety in critical applications.
Ausgründung aus dem
Unternehmensprofil
Energie
Greentech
Materials
Mikroelektronik
Mobilität & Logistik
#Wasserstoff
#Nanomaterialien
#Safety
Gründung:
19.09.2022
Geschäftszweck: High performance hydrogen leak detection systems based on proprietary nanomaterials.
Unternehmenssitz: Halifax, Kanada
Kontakt: info@integrativenanotech.com
Gründer:
Hunter King
https://www.integrativenanotech.com
Problem
An estimated 5% of all hydrogen produced is lost due to undetected and preventable leaks. With the growth of hydrogen adoption, these losses account for $49 million USD in value left behind per GW of production volume. In addition, performance recommendations for fuel-cell electric vehicles (FCEVs) from SAE and the U.S. Department of Energy remain unachieved by any leak detection solution.
Lösung
Nanomaterials have shown significant promise to improve the performance of gas sensing technologies, however existing production methods for relevant materials have been limited to small scales and suffer from high costs and low production consistency.Our proprietary technology solves these issues and enables the performance advantages of nanomaterials in commercial production volumes.
The core technology also has the advantage of being highly versatile and can be functionalized for a wide range of target gases and future markets.
Produkt
High-performance point-based leak detection systems leveraging our proprietary hydrogen sensors enable leak detection faster and at lower gas concentrations. A distributed network of sensors allows for leak-localization, allowing for rapid, targeted repairs and maintenance, significantly reducing unnecessary losses.
Alleinstellung
Our proprietary production methods provide unmatched performance, while maintaining competitive pricing. This incentivizes adoption in tight-margin industries, while also allowing increasing profitability in higher-margin sectors.Additionally, due to the unmatched performance, as regulations continue to trend towards higher levels of safety (especially in the automotive/transportation industries), our technology has first mover advantage to capitalize on this potential.
Geschäftsmodell
Direct sales of leak detection solutions for facilities (point-based leak detection units, with central data collection hub, and monitoring systems) which include recurring revenue from maintenance, calibration, etc. For future applications (automotive and transportation), individual lower-cost leak detection sensors will be sold directly for integration into vehicle monitoring systems.
Traction / Highlights
- Successfully secured $400,000 in private investment and $700,000 in non-dilutive grant funding since company founding in September 2022.
- Current team of 5 full-time employees, 1 PhD student, and 1 postdoctoral fellow.
- Press release featured at World Hydrogen Summit 2024 with support from Jonathan Wilkinson (Canadian Federal Minister of Energy and Natural Resources) and Robert Habeck (German Federal Minister of Economic Affairs and Climate Action).
- First commercial contract (paid pilot) with multi-national company secured in last month.
- Targeting first sales in 2026.
Kunde / Markt
The value of the product scales with the volume of hydrogen produced/stored/transported. On average, hydrogen refueling stations lose up to $140,000 USD/year, $490,000 USD/year for 10MW electrolyzers, and $29 million USD/year per GW of electrolysis production. In addition, early conversations with insurance providers have indicated a potential for premium savings up to 5-10% based on the implementation of our technology.In total, the market value of traditional hydrogen leak detection systems for facilities worldwide is only ~$300M USD, however the market for leak detection systems in the automotive sector is projected to surpass $1B USD shortly after 2028. Additionally, the historic value of leak detection systems has failed to capture the significantly higher value proposition (through loss reduction and direct insurance value) that new technologies can provide.
Team
Integrative Nanotech brings together technical and strategic expertise in nanotechnology, sensor systems, and hydrogen-related innovation. Dr. Hunter King (CEO) has a background in MEMS-based sensors, materials science, and AI-based data analytics, with experience at Fraunhofer IST in system integration, CVD processing, and team/project management. Dr. Michael Freund (CTO) is a leading researcher in electronic materials and sensor array systems, with extensive work in automated testing, sensor optimization, with sensor technologies flown on NASA missions. Sean Leet (Director) contributes commercial leadership and hydrogen sector experience through his role as CEO of World Energy GH2, one of Canada’s first large-scale green hydrogen producers. This combination of deep technical knowledge, market experience and relations (alongside access to state-of-the-art production systems and expertise at Fraunhofer IST) puts the team in an ideal position address this market demand.
Investment Opportunity
We are actively filling out our seed investment round, looking to raise $2.5M CAD in exchange for direct equity (common shares) on an $8M CAD pre-investment valuation. No minimum for the round, maximum of $3M total investment, minimum individual investment of $100,000 CAD.
These funds will be used to expand the team (focus on data scientists and engineers), further product development, acquire certification (North American and German markets), expand pilot program, and secure initial sales.
These funds will be used to expand the team (focus on data scientists and engineers), further product development, acquire certification (North American and German markets), expand pilot program, and secure initial sales.