LaserStream has been acquired by Stress Engineering Services Inc. Getty Images

A Humble-based startup that provides laser-based scans of pipeline has been acquired by Houston-based Stress Engineering Services Inc.

LaserStream's technology that can evaluate damage and corrosion as well as calculate measurements of various equipment has been folded into SES. Three of the startup's leaders will join SES to run the group, and the financial amount of the deal has not been disclosed.

"We are proud of the prior working relationship enjoyed between our two companies and we are confident that LaserStream will forge a successful future as part of SES," co-founder Jason Waligura, who will move over to SES, says in a news release. "We look forward to delivering strong results for our existing clients, as well as expanding our capabilities with the world class service and capability of SES."

SES has acquired LaserSteam's laser-mapping technology and will combine with its laboratories and service offerings in Houston; Waller, Texas; New Orleans; Cincinnati; Singapore; and Calgary, Alberta, per the release. The technology is impactful on several industry verticals, including upstream, midstream, and downstream oil and gas, as well as the aerospace, consumer, and medical services industries.

"We believe that growing our existing capabilities is critical to our success in the broad spectrum of markets in which we participate," says Kenneth Bhalla, chief technical officer at SES, in the release. "The acquisition of Laserstream will add new, innovative capabilities in our core markets. This will diversify our product portfolio and capabilities in new and important areas. We are very excited to add LaserStream to an already outstanding business and team."

LaserStream was named one of the 10 most-promising startups at Rice University's fifth annual Rice Alliance Startup Roundup event at the 2019 Offshore Technology Conference. The company was rounded in 2014.


Photo via laserstreamlp.com

Startups from across the world pitched at the Rice Alliance Startup Roundup at the Offshore Technology Conference. Getty Images

Rice Alliance names the 10 most promising startups at Houston's Offshore Technology Conference

Best of the rest

Over 50 different startups from across the globe gathered at the Offshore Technology Conference for the fifth annual Rice Alliance Startup Roundup event. The full day of speed pitching and presentations, hosted by Rice Alliance Managing Director Brad Burke, took place at NRG Arena on Monday, May 6.

After interacting with all the various startups, the Rice Alliance's panel of experts voted on the 10 most promising startups. Half of the companies that were recognized are based in Houston — and even more have an office or some sort of operations in town. Here's which technologies the offshore oil and gas industry has its eye on.

Oliasoft AS

Oliasoft provides solutions for digitizing well planning operations. Photo via oliasoft.com

Oslo, Norway-based Oliasoft kicked off the presentations at OTC and walked away with an award 2.5 hours later. The cloud-based technology allows for enhanced well planning, casing and other drilling engineering processes.

Syzygy Plasmonics

Syzygy Plasmonics is a chemicals company in Houston lead by Trevor Best. Best presented his company's hydrogen as a fuel alternative technology. According to best, Syzegy's technology is a lower cost solution to gasoline that doesn't put out any chemical waste.

Toku Systems Inc.

Canadian IIoT company, Toku Systems Inc., has a inexpensive monitoring device. Photo via tokuindustry.com

When it comes to monitoring operations, it can be pricey and inaccurate. Edmonton, Alberta-based Toku Systems Inc. has designed a solution. Toku's device is durable and uses IIoT technology to allow for oil and gas companies to monitor their operations remotely.

Ingu Solutions

Ingu Solutions' Pipers technology might look small — but it's able to save a whole lot of cash for oil companies and prevent leaks. Photo via ingu.co

Another Canadian company, Ingu Solutions from Calgary, Alberta, took home an award from Rice. The company's pipeline detection technology can access pipes' conditions and prevent leaks and damage from causing major, costly events. Ingu's Pipers technology works off a subscription model, so clients have access to support and supplies with their monthly fees to the company.

LaserStream

LaserStream uses its imaging technology to track the wear and tear on pipes. Photo via laserstreamlp.com

Humble-based LaserStream provides laser-based scans of pipeline. The technology can evaluate damage and corrosion as well as calculate measurements of various equipment. The company has inspected over 350,000 feet of materials , including tubing, casing, drilling risers, production risers, and more, according to the website.

Ondaka

Ondaka's technology allows you to visualize your infrastructure before you act. Photo via ondaka.com

Ondaka isn't your typical Bay Area startup. The company uses an alphabet soup of buzzword technologies — IoT, AI, VR — and allows oil and gas companies to really visualize their infrastructure. The Palo Alto-based startup is a StartX company and a member at Station Houston for its local office.

Dark Vision Technologies Inc.

Canada-based Dark Vision has created a tool that can take ultrasound images of wells. Photo via darkvisiontech.com

North Vancouver, British Columbia-based Dark Vision has spent years developing its ultrasound technology that can get a 360-degree view of oil wells. According to the website, Dark Vision can find a number of downhole issues, such as tubing defects, casing corrosion, obstructions, and more.

Cemvita Factory

The Karimi siblings have created a way to synthetically convert CO2 into glucose, and they are targeting the energy and aerospace industries for their technology. Courtesy of Cemvita Factory

Houston-based Cemvita Factory didn't present its CO2-to-glucose conversion technology at the roundup, but the company's presence earlier in the day was enough for the judges. Co-founder Moji Karimi tells InnovationMap in a previous story about how the technology has many applications in oil and gas, but also in space operations,

Lift Etc.

Even though Lift ETC didn't present in the roundup, the Houston-based company walked away with an award for its artificial lift technology that is more efficient and cheaper for companies to use. According to the website, Lift ETC has a technology that's proven to lower the surface compressor requirements up to 75 percent and increase production.

SensorField

Houston-based SensorField didn't present, but still walked away with recognition from Rice. Photo via sensorfield.com

When it comes to using IoT for remote oilfield site monitoring, Houston-based SensorField is ahead of the curve. The company's device — so small it can fit in the palm of your hand — is powerful enough to provide complete monitoring capabilities from fluid level and pressure to rotating machinery health and location security, according to the website.

Ad Placement 300x100
Ad Placement 300x600

CultureMap Emails are Awesome

New innovative dining club connects Houston young professionals to deals

Join the club

Houstonians love to dine out. And they love being part of something, especially if it's something that gives them something. Houstonians, meet EaterPass.

It's the brainchild of Courtney Steinfeld, who describes it as "a hip, fun, local membership community." While her target audience is millennial young women, ages 24-34, membership is open to all. For an $8 monthly fee, EaterPass members get "Insider Pricing" at a host of participating restaurants, which translates to 20 percent off the total bill, including drinks.

"The Insider Pricing is available any time with the exception of happy hour or special events," said Steinfeld. "And we also offer Insider Perks. These are time-specific perks with even more value than 20 percent off. The best part is, members can choose Insider Pricing or Perks.

Some of the current perks include EaterPass members receiving happy hour pricing on drinks any time they visit the Original Ninfa's Uptown, or getting $5 pricing on a Field and Tides burger, a dozen oysters, draft beer or house Champagne at Field and Tides.

EaterPass is a month-to-month membership, and Steinfeld estimates that if members spend $40 at a partner restaurant, the membership essentially pays for itself.

She's curated a list of some of Houston's top restaurants, including BCK Kitchen, Blackbird Izakaya, Brennan's Houston, Bungalow Heights, Field & Tides, Helen Greek Heights, Helen Greek Rice Village, Kanaloa, Moxie's, the Original Ninfa's Uptown, On the Kirb, Poitin, Sweet Paris Highland Village, Shun, Tikila's, and Wicklow Heights. Also new to the mix are 8th Wonder Brewery, 8th Wonder Distillery, and La Grange.

Those who want to join can pay their membership fee online and get instructions on how to download the electronic membership card, which they show when they dine at participating restaurants.

"Our Partner list serves as an easy go-to guide," said Steinfeld. "So, we have to be choosy about who we invite in. My focus has been to grow the bar segment with recent additions such as Tikila's and La Grange, which will be available in early March. Now I am shifting back to expanding our food offerings. Barbecue and Italian options are my next focus."

Occasionally, Steinfeld says, EaterPass will host meetups at its partner restaurants, but the majority of the community's social engagement happens on Instagram.

"Members can find our latest news posted via our Instagram Stories," said Steinfeld, who also uses the platform for share news with members about announcements, gift card giveaways, and member features and tips.

Steinfeld has been passionate about growing the business and ensuring good food and drink fits for her clients.

She's also got a special one-month free deal for CultureMap readers. Use code VIP20 to sign up.

------

This article originally ran on CultureMap.

Houstonians rev engines and fulfill fantasies at private racetrack

In the Driver's Seat

An enthusiastic crowd packed Life HTX event center on February 20 to celebrate a new era for Motor Speedway Resort (MSR), the 383-acre private racetrack for motor enthusiasts.

Ever wanted to drive a car with no speed limit, or find a safe, secure garage for your exotic vehicle? How about just have a second-home escape where you can connect with other motor enthusiasts? MSR, located 35 minutes from downtown Houston, is a rare personal playground that combines fantasy, freedom, and play.

At the event, the buzz was palpable. Developers Fabio Covarrubias and Gabriel Haddad announced an exciting new vision to add luxury garage villas, car showrooms, a new health spa, and high-end garages.

Guests browsed dozens of exotic cars, including the only Tramontana supercar in America. Also featured were several Ducati bikes, Lamborghinis, Ferraris, and more. Master of ceremonies John Granato, a radio show host on ESPN 97.5FM, fired up guests with a description and pictures of MSR's exciting future.

"For over 14 years, MSR has been a James Bond fantasyland, uniting motorsport enthusiasts," he said. "It was created as a place where you can drive as fast as you want, laws — and common sense — be damned. It's an exciting destination to bring your dream car for a spin."

And the new plans stirred the fervor. The development includes 800 luxury garages, 10 showrooms, and 245 single-family lots. Granato announced that the first showroom "will be signed today by Carlos Lascale from V1 Moto Ducati."

And motor enthusiasts need not leave their families behind, as the plans will include a state-of-the-art spa with a beautiful pool, workout center, and health treatments.

MSR is a dream for motorists of all types. The track welcomes amateurs who race for fun, professionals who use the track for training, collectors who like a place to show off their cars, and families that can use the facilities to practice and play together.

Just as we know many communities built around golf courses, MSR will become the ultimate community for motor enthusiasts.

A glimpse at the luxury garage villa's interior. Rendering courtesy of Motor Speedway Resort