Kore-Optics, a Calgary-based start-up bringing real-time wellbore monitoring through fiber-optic technology, has recently partnered with Vada Capital. Kore-Optics has a highly experienced management team that are passionate about their business as well as the technology that accompanies it. This partnership aligns with Vada’s philosophy that great people build great businesses.
“From our first meeting, we were impressed with the management team, their industry knowledge, as well as their clear passion to leverage fiber optics to optimize asset performance in the oil and gas industry. We are looking forward to growing this partnership and watching the promising trajectory of Kore-Optics” said Vada’s Director of Finance, Nicole Smith.
Kore-Optics, headed by some of the most experienced global players in fiber optics, is bringing a novel, Distributed Acoustic Sensing (DAS) solution to the energy industry. Through the use of real-time monitoring, Kore-Optics will transform how operators react to complex reservoir problems. The partnership is focused on commercializing this new technology in the energy industry with an experienced team.
Tim Morrish, Kore-Optics CEO said, “We know our technology will result in more efficient completions and improved oil and gas production for operators. I’ve travelled the world working in all types of basins and have seen the value of fiber-optic technology first-hand. Our company will take this practical knowledge, combined with the funding and financial expertise at Vada Capital, to develop a strong value proposition for Canadian operators.”
For interviews or for additional photos/graphics, please contact: amelyseducs@vadacapital.com.
About Kore-Optics
Kore-Optics challenges the efficacy of your current completion design, through the delivery of real-time, fiber-optic based, process optimization solutions. Kore-Optics is dedicated to precise, de-risked decisions, focused on solving complex reservoir problems and updating current exploitation processes. With excellent customer service and strong leadership, Kore-Optics drives efficiency in the upstream energy industry. Learn more at www.Kore-Optics.com.
About Vada Capital
Vada Capital is an independent, family-backed private equity firm that partners with passionate management teams to achieve growth. Established in 2001, Vada Capital is comprised of a diverse team of professionals with wide-ranging backgrounds in operations and finance. Vada prides itself on its strong values paired with innovative strategic planning, financial discipline, resulting in exceptional partner relationships. Learn more at www.vadacapital.com.