Smart Pipe Gains Financing For Series System

October 2013, Vol. 240 No. 10

Smart Pipe Co. Inc. has secured an additional $12 million financing round with an $8 million investment from a subsidiary of Enbridge Inc.

The funds will be used to accelerate commercialization of the company’s XPL-300(R) series system. Currently marketed only for in North America, the XPL-300(R) series has gotten off to a strong start after several years of research and development, culminating in the issuance of ASTM F2896-11.