AcousticEye Signs Strategic Sales Agreement
“This partnership underscores the global market’s confidence in our innovative inspection technology,” says Tal Pechter, CEO and co-founder of AcousticEye. “With Itech as a strong partner in the Middle Eastern and North African markets, AcousticEye takes a large step toward becoming the world’s leading tube inspection technology.”
Itech is part of a Qatari group of companies under the Al Khalifa umbrella, including Akkila W.L.L and Quest Plus W.L.L., which operate in the nondestructive testing (NDT) market. Akkila is an NDT service providing company that specializes in advanced NDT services. Quest Plus is the Qatar distributor of GE Measurement and Control Solutions.
“AcousticEye’s revolutionary tube inspection system is a valuable addition to our company’s range of advanced NDT technologies and services,” explains Mohanad Akilla, president of Itech. “We are convinced that this strategic agreement will greatly contribute to our path of growth in the region.”
AcousticEye utilizes breakthrough acoustic-based technology to revolutionize the way companies perform heat exchanger maintenance. Currently only 8-10 % of tubes are randomly "sampled" due to the time and costs associated with traditional NDT-based inspection methods. The random sampling of tubes results in failures and defects since the vast majority go untested. The cost of the resulting tube defects -including performance degradation, energy waste, environmental hazards and lower heat transfer - is estimated at $30 billion annually. With AcousticEye, 100% of the 13b tubes used worldwide can be tested for defects at a fraction of the time and expense of other testing methods. As a result, costly downtime due to failures in mission critical equipment can be avoided entirely.