PreCim
Mr. Tal Mokady:
Tel: +972-52-3580345.
talm@precim.com
Established in August 2010, PreCim is developing the world most accurate, Coriolis type flow-meters for large line sizes, mostly for fiscal measurements of Oil & Gas applications. Coriolis type flow-meters are the most accurate flow-meters available in the market, having annual sales of 0.8-1 $B and 7.5% CAGR. Our patent pending technology allows us to build a much smaller and accurate Coriolis flow meter, overcoming a well-known technology limitation that causes them to be physically large, heavy, expansive and uncommon for line sizes above 6’’.
Expensive fluids, such as Oil & Gas, chemicals, petro-chemical products and others require accurate measuring for process control and fiscal measurements. Oil & Gas are changing hands several times along the supply chain and the measuring errors have a direct influence on the gross profit line.
A well know technological problem in the Coriolis flow-meters is their “line size limitation”. Due to the nature of the current technology, Coriolis flow meters get large and unwieldy once they reach the 6’’ size. Even 2’’, 3’’ and 4’’ meters are considered large, heavy and expensive compared to other technologies. About 70% of the Coriolis meters sold are between 0-1’’, 25% are between 2-3’’, 3% is a 4’’ and a negligible amount above 6’’. Today, customers that need accurate measuring in high flow rates are using much less accurate technologies.
Tal Mokady, Founder & CEO:
PreCim CEO from its establishment, Mr. Mokady has 10 years of experience in the Israeli hi-tech market. He holds several patents, holds a B.Sc. in Mechanical Engineering from the Technion, Haifa and an MBA from Haifa University.
Ran Gabai, PhD, Founder & CTO:
Dr. Gabai holds a PhD in Mechanical Engineering from the Technion, Haifa and specializes in dynamic systems, structural vibrations, signal processing and control. He has several publications in respected scientific journals and conferences in his field of research.
Arnon Gat, PhD, Founder & chairman:
Dr. Gat held several top management positions in high tech companies in the US and in Israel. He founded AG Processing Technologies in 1981. Served as the chairman and CEO, he led the company’s profitable growth to a successful public offering and subsequent sale to Steag AG. He holds numerous patents and other industry awards. Dr. Gat received his BS EE form the Technion, Haifa Israel and M.Sc. and Ph.D. in Electrical Engineering from Stanford University, California.
The flow meters market annual revenues are 5.5-6 $B. The Coriolis meters revenues are 0.8-1 $B. Our direct market for 6-24'' flow meters is 750-800 M$ per year and is currently dominated by other technologies.
Lately published market surveys have indicated that the Coriolis meters are the most rapidly growing segment in the flow meters market. The main drivers are custody-transfer accurate applications and the use of Coriolis technology in large line sizes.
There are few large companies that can offer the whole portfolio of flow meters, and only four of them can offer large line size Coriolis. However, there are many large companies having a large portfolio includes all types flow meters without the Coriolis type. In 2008, GE acquired the last available Coriolis manufacturer and currently no other company has this capability, surely, not with a technology for large line sizes.
PreCim patent pending technology enables the design and manufacturing of small sizes Coriolis meters for large pipe line sizes. The technology has an advantage only in line sizes above 4” and the advantage is growing as the line size increases. PreCim intend to use this technology in order to develop and build Coriolis flow meters for line sizes of 6-24”. By employing sophisticated simulations, a unique flow meter structure is designed, enabling to build decrease products dimensions, while maintaining state of the art performance of accuracy and repeatability. Our current model is designed specific for accurate measurements of liquids and we intend to launch a dedicated gas flow meter in the future, having new technical approach in order to enter the fast growing market of natural gas fiscal metering.
Our Alpha model is already working in our lab, completing its final tests during October 2011.The design of the Beta model was launched in April 2011 and the Beta sites tests should start on June 2012.