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Revolutionary Corrosion Monitoring Technology from LUX Assure to be Developed with UK Gov Support


Edinburgh, UK - We are pleased to announce that LUX Assure, in collaboration with a major international Oil
and Gas operator, has been awarded a grant by the Technology Strategy Board (TSB) for the development of a new technology for corrosion mitigation in the Oil & Gas industry. The LUX Assure proposal for the “Maximising Recovery of UK's Oil and Gas Resources” competition was selected for support amongst proposals from numerous other industrial and academic collaborations. The competition, organised by the TSB, will invest nearly £5 million across ten projects in new research and development to find innovative technology solutions to help in maximising recovery of the UK’s hydrocarbon resources.

LUX Assure applies light-based detection methods to analyse oilfield fluids for their susceptibility to corrosion. The project combines LUX’s expertise in developing photonics solutions with their collaborator’s experience in the deployment and operation of production monitoring systems. The technology CoMic™ is based on detecting markers in the bulk fluid which indicate when the required amount of chemical inhibitor has been added to the system to prevent corrosion. It represents a new class of corrosion monitoring tool which can be applied across any system using film-forming corrosion inhibitors. In the upstream Oil & Gas industry, it will allow engineers to ensure that enough inhibitor has been applied to the system and can prevent corrosion
damage from occurring. This is in contrast to established techniques which monitor the results of corrosive attacks, and provides a route to preventative treatment of systems which are critical for global energy supply.

The award will support the next phase of CoMic™ development, which will focus on the transformation of
techniques which are routinely used in laboratories, into a system which can be deployed in harsh oilfield
environments around the world.

“This award is an important recognition of the pioneering work that we are conducting towards the
development of novel tools in the energy sector” said LUX Innovate Ltd CEO, Dr Artin Moussavi. “CoMic™
brings together detection solutions from the life science and nanotechnology sectors to provide a
revolutionary tool to help prevent harmful breaches in the process environment. The funding received from
the TSB will significantly accelerate progress towards the deployment of CoMic™, allowing us to help the
industry with this difficult problem. “

--End--

Word count: 392

Release code: LNJ049

Additional information

About the Technology Strategy Board

The TSB is an executive non-departmental public body established in 2007, with a focus in boosting UK growth
and productivity, by stimulating technology-enabled innovation. Its activities are jointly supported and funded by the Department for Innovation, Universities and Skills and other Government Departments, the Devolved Administrations, Regional Development Agencies and Research Councils.

About LUX Assure

LUX Assure applies well established life science concepts to offer a completely new perspective on the longstanding issues within the Oil and Gas industry. Since 2005, LUX Assure has worked collaboratively with
Operators to solve 'red flag' issues. The major focus of the work has been on monitoring processes to reduce
overall operating costs. LUX has successfully built close relationships with several Operators and other players in the market to address issues facing the industry and ensure that our technologies meet market needs and expectations. Since embarking on development programmes in this field, LUX Assure has matured a number of projects from conception to proof of concept at an accelerated rate and developed a strong technology portfolio protected by a number of patent applications. Throughout experience within this industry, LUX has gained a broad understanding of the market and the technical and regulatory issues facing this industry.

LUX Assure is the Energy division of LUX Innovate Ltd.
LUX Innovate Ltd was established in 2001 in Edinburgh, UK. It is a privately owned and funded company, led by
a robust and experienced management team. LUX has won many awards for innovation and has partnered with a number of companies and research groups worldwide.

For further information please contact: Ms Vjera Magdalenic PhD, Chief Business Officer

• T: +44 131 516 7290 • F: +44 131 516 7294 • E:
contact@luxinnovate.com • W: www.luxinnovate.com


Publisher Contact Information:

LUX Innovate Ltd.
+44 131 516 7290
contact@luxinnovate.com

Company profile of LUX Innovate Ltd.
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