COREteQ Systems Limited

📍 Frimley, United Kingdom🗓 Founded 2014👥 7 employees💰 Last funded Jan 2017
Oil and Gas🌐 coreteqsystems.com
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COREteQ’s mission is to MAXIMISE RUN LIFE of the electric motors used for Electrical Submersible Pumps (ESPs) in the oil and gas industry. This mission is driven by existing ESPs having failures that limit their run life, which impacts the business case for using them in high-value assets such as subsea, HPHT and SAGD applications. COREteQ's innovations address the vast majority of failures and focus on the three key components of ESP’s namely; Motor, Protector, Cable, and Cable Terminations. COREteQ's innovative approach ensures that the key objectives of enhanced reliability sought by operators are achieved. By addressing the major failure modes associated with current electrical motors, the end user will see a significant increase in run life. COREteQ Systems has invested in a facility that includes engineering offices, manufacturing and test facilities. These have full capability for qualification testing of the equipment for power, pressure, and temperature and is equipped to meet the needs of the company for the foreseeable future.
2
Total investors
1
Early stage
1
Mid stage
0
Late stage
2014
Founded

Investors

2 investors
All
Early stage
Mid stage
Late stage
Investor geography2 countries
United States
1
Norway
1
Frequently asked questions
Who invested in COREteQ Systems Limited?
COREteQ Systems Limited has 2 investors on record on gritt.io, including 1 early-stage backers, 1 mid-stage.
When did COREteQ Systems Limited last raise funding?
The most recent investment in COREteQ Systems Limited recorded on gritt.io was in January 2017.
When was COREteQ Systems Limited founded?
COREteQ Systems Limited was founded in 2014.
What industry is COREteQ Systems Limited in?
COREteQ Systems Limited operates in Oil and Gas. Find similar Oil and Gas investors on gritt.io.
Where is COREteQ Systems Limited based?
COREteQ Systems Limited is headquartered in Frimley, United Kingdom.