Companies: VIY   

Headed by former CIA man Robert Dean, US-based Vialogy is winning contracts for its technology in both the security and energy markets, and has just raised £1.8m for working capital.

The Californian company has three technology platforms, which it has begun to sell into two markets – security and energy. With security becoming increasingly computerised, frequently using a variety of different sensors, Vialogy’s technology allows organisations to route all their sensors via a single platform and on an internet network.

This is a highly desirable solution for many large organisations – networking behemoth Cisco has strongly endorsed the software by using it as a central plank for its new COPSS surveillance service. Vialogy has also won its first two direct contracts, one with a company serving the state of Alberta in Canada and the other direct with Los Angeles County’s Department of Homeland Security.

There is equal if not more potential in the energy side of the business through Vialogy's two technologies, QuantumRD and QSUB. The former, put simply, tells those with potential or known oilfields how much oil they have and where exactly it is, while the latter is a combination of aeroplane-mounted sensors that detect the condition of oil and gas pipelines, even buried ones.

A pilot project for QuantumRD has been completed with an exploration partner in Texas that, the company estimates, could generate $8m from its oil production royalty. And a first project began in early September for QSUB, which detects rust, leaks and other damage to oil and gas pipelines at a third of the cost of existing technology, with a second in Mexico in October and much more potential from a network of around a million miles of pipeline in the US alone.

Vialogy is not on course to be profitable until at least 2010, but has cash and exciting prospects. A speculation for risk-lovers only.

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ViaLogy	AIM	£11.99m	2.38p	-0.12p
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Other company articles:
Vialogy			09/09/2008
ViaLogy lures former CIA man			05/10/2007
Cisco kid sniffs explosive prospects			01/05/2007