We are currently seeking $500,000 in equity or debt financing Please contact us for more information..
A total of roughly $800,000 has been invested to date in product development and the system is now at a commercial standard and ready for deployment.
The use of proceeds from this investment would go directly to financing the implementation of the system with the company’s first large customer, Cathedral Energy Services Ltd. (TSX:CET). Cathedral currently spends in excess of $20M per year on transportation related to its directional drilling division and Macleod expects the transition from its current 50+ transport suppliers to take roughly 36 months.
The company could also potentially support two other large tenants under this financing and expects similar results and transition schedules.