Real-time oil condition analysis company Tan Delta Systems can gain a portion of the $200bn global sensor market. Of course, it is not addressing the whole of that market, but the addressable market is significant. Shell, Aggreko and Schlumberger are already customers.
Tan Delta Systems says that its sensor can help to reduce oil consumption by 30%, reduce breakdowns and improve the performance of the equipment. The cash raised in the placing and offer will be used to boost sales and marketing. It will also help to increase capacity.
There are big competitors, including Poseidon, Parker Hannif...
