IntelliView secures investment from EDC

IntelliView Technologies Inc., a specialist in industrial asset and environment surveillance, announced today the second closing of its first round of institutional financing as Export Development Canada joined existing investor Enbridge Inc.

EDC is Canada's export credit agency, making trade between Canadian and foreign companies by providing financing, insurance and bonding solutions to trade transactions.

The funding will bolster the Company's deployment of industry-leading video analytic solutions for industrial applications, such as liquid leak detection and intrusion monitoring.With the use of patented video processing software, IntelliView's technology delivers high detection accuracy of threats and hazards while sending real-time alarm notifications to enable quick response.

"We are very pleased that EDC has recognised the potential of IntelliView's solutions to international markets", said Bill Hews, IntelliView's Executive Chairman. "This financing will support our continued growth and investment in industry leading video analytic solutions, while positioning us well to become a technology leader in the oil and gas industry, both domestically and abroad."

"Helping Canadian companies break through the commercialisation phase and scale is an important part of EDC's Investment strategy, and IntelliView is a good example of that approach," said Nathan Gibb, Senior Investment Manager, Direct Investments, EDC.

"This approach is particularly relevant in the energy technology space given that buyers tend to be large multinationals, creating strong potential for international sales once the technology has a proven track record."

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/28082014/intelliview-secures-investment-from-edc/