Core technology of PiMON sold to international technology group

In December 2015, PiMON reported a successful asset deal with the international technology group Beltron Telecommunications Ltd. Just recently they published more details about the deal with the international technology group. The Beltron Telecommunications Ltd., based in Bihar, India purchased a part of the assets from the ESA BIC Bavaria Alumni PIMON GmbH. This contract signing is a milestone for PiMON, as the company is expanding and focusing on the Indian infrastructure expansion programme.

The PiMON GmbH is a wholly owned subsidiary of Smarteag AG - an industry unit focused on the field of infrastructure and energy efficiency. Smarteag itself is a subsidiary of the German early-stage technology investor mic AG.

PiMON GmbH specialises in fibre-optic-based pipeline monitoring technology for real time incident detection and pinpoint localization.

The company develops monitoring technologies which are deployed for fibre-optic lines, buried next to the pipeline as sensors. Sounds and vibrations along the optical fibre are detected and localised (DAS - Distributed Acoustic Sensing). Dangerous incidents (leaks, construction works, illegal tapping) result in an alarm and an on-site inspection. The system's fast reaction helps to avoid and even reduce damage.

ESA Business Incubation Centre Bavaria
PiMON was incubated at the ESA BIC Bavaria from June 2011 until May 2012. The ESA BIC Bavaria seeks entrepreneurs using space technologies in a non-space environment. That does not mean rocket science, but applies to multiple application fields such as navigation and positioning, communications techniques, Earth observation, materials, processes, signals or robotics.

ESA's Business Incubation Centre Bavaria was launched in 2009 and is ever since managed by Anwendungszentrum GmbH Oberpfaffenhofen (AZO). ESA BIC Bavaria and its renowned partners - DLR, Airbus Defense and Space, Fraunhofer IIS and Wirtschaftsförderungsgesellschaft Berchtesgadener Land - provide startups with financial and technical support at four branch offices: Oberpfaffenhofen, Ottobrunn, Nürnberg and Berchtesgadener Land.

ESA BIC Bavaria has four selection rounds each year. The next application deadline for the incubation programme is 9 May 2016. Apply now for ESA BIC Bavaria

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