News

07. September, 2017:
Innovation Norway exits RPT investment made through

the pre-seed funding with a 43,5% profit return

 

On behalf of Innovation Norway, technology transfer office Bergen Teknologioverføring (BTO) has sold shares in Rock Physics Technology (RPT).  The transaction is the first exit of investments made through the Norwegian governmental pre-seed funding since its beginning in 2016.

 

In March 2016 Innovation Norway invested 1 MNOK in pre-seed capital in Rock Physics Technology. The investment was matched by private investors. Innovation Norway's shares have now been sold for 1,435MNOK to Norsk Innovasjonskapital IV, with a profit return of 43,5% in just 18 months. Rock Physics Technology is after the transaction valuated to 18MNOK.

 

"The pre-seed funding the made access to early stage private venture capital easier, and made us more confident in our own product and business model. For investors, the threshold for investments was lowered when their capital was supported up by such a reknowned institution. The completion of the transaction puts us in a position with better access to growth capital and important competence that will further strengthen the company," says Åsmund Drottning, CEO in Rock Physics Technology AS

 

To read full press release, Norwegian only: CLICK HERE

10. June, 2017:
Collaboration with INT to build ENTER™,

a new Interpretation and Analysis Technology 

 

We are proud to annouce that Interactive Network Technologies - INT has been selected as a developing partner for ENTER, our new quantiative interpretation platform.

 

INT is a global software provider of Data Visualization solutions and platformes used in Upstream E&P and other technical industries. INT Software uses the latest technologies to enable cloud-enabled and mobile responsive solutions for seismic, geoscience, well intelligence, drilling ops, utilities, manufacturing and asset management.

 

“When developing ENTER, we wanted to focus on our innovative technology, but at the same time, we needed functionality for loading, displaying, and interacting with seismic and well log data. We have established a great working relationship with INT, so implementing ENTER on the INTViewer platform made perfect sense. The two technologies fit nicely together and create an excellent user experience,” says Dr. Erling Hugo Jensen, Chief Technology Officer at Rock Physics Technology AS.

 

ENTER will be released and demonstrated at EAGE in Paris week 24, where Rock Physics Technology will be present at INT's booth #875.

 

To read full press release: CLICK HERE

News

07. September, 2017:
Innovation Norway exits RPT investment made through

the pre-seed funding with a 43,5% profit return

 

On behalf of Innovation Norway, technology transfer office Bergen Teknologioverføring (BTO) has sold shares in Rock Physics Technology (RPT).  The transaction is the first exit of investments made through the Norwegian governmental pre-seed funding since its beginning in 2016.

 

In March 2016 Innovation Norway invested 1 MNOK in pre-seed capital in Rock Physics Technology. The investment was matched by private investors. Innovation Norway's shares have now been sold for 1,435MNOK to Norsk Innovasjonskapital IV, with a profit return of 43,5% in just 18 months. Rock Physics Technology is after the transaction valuated to 18MNOK.

 

"The pre-seed funding the made access to early stage private venture capital easier, and made us more confident in our own product and business model. For investors, the threshold for investments was lowered when their capital was supported up by such a reknowned institution. The completion of the transaction puts us in a position with better access to growth capital and important competence that will further strengthen the company," says Åsmund Drottning, CEO in Rock Physics Technology AS

 

To read full press release, Norwegian only: CLICK HERE

10. June, 2017:
Collaboration with INT to build ENTER™,

a new Interpretation and Analysis Technology 

 

We are proud to annouce that Interactive Network Technologies - INT has been selected as a developing partner for ENTER, our new quantiative interpretation platform.

 

INT is a global software provider of Data Visualization solutions and platformes used in Upstream E&P and other technical industries. INT Software uses the latest technologies to enable cloud-enabled and mobile responsive solutions for seismic, geoscience, well intelligence, drilling ops, utilities, manufacturing and asset management.

 

“When developing ENTER, we wanted to focus on our innovative technology, but at the same time, we needed functionality for loading, displaying, and interacting with seismic and well log data. We have established a great working relationship with INT, so implementing ENTER on the INTViewer platform made perfect sense. The two technologies fit nicely together and create an excellent user experience,” says Dr. Erling Hugo Jensen, Chief Technology Officer at Rock Physics Technology AS.

 

ENTER will be released and demonstrated at EAGE in Paris week 24, where Rock Physics Technology will be present at INT's booth #875.

 

To read full press release: CLICK HERE