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.
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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.