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News and Announcements

Long Pipes Closing $2M Capital Raise as Part of its $20M Expansion Program

  • Published January 11, 2017 11:20AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

With today’s ever changing and updating technology everyone is always chasing the “latest and greatest”, even better when it is cost efficient and claims to decrease climate change. Long Pipes is an innovative, original Australian company, which is developing state-of-the-art technology that is capable of producing a seamless continuous composite pipeline without a joint for 1,000kms. This material in which Long Pipes has created is 10 times stronger and lighter than steel, transporting fluid such as oil, gas and water. A “World’s first” known as The Fluid Highway™.

Their achievements are as follows below:

  • Long Pipes has already seen $3M for funding inflection, along with a share price increase of 230% so far.
  • Long Pipes has achieved some outstanding results in a revolution to change what already exists within the market. Already completing their exploration phase.
  • World’s first continuous pipe, tested, installed, in network, for Harvey Water, 140kms south of Perth.
  • November 2nd, 2016- Long Pipes Fluid Highway was awarded:-
  • People’s Choice Award, with an audience of 220 people including representatives from the Australian Government, the UK Government, Investment institutions, banks and private investors.
  • The Energy Resources Award, from the Oil, Gas, Coal and Uranium Industry; was awarded by the General Manager, Jill Stejduhar, from National Energy Resources Australia (NERA).

The Fluid Highway™ is a stand out from other companies in the market because of its unique value: being strong, flexible, designed to withstand extreme corrosion, erosion, temperature variations and pressures up to 130 Bar. The company, Long Pipes, is hoping to look into and open opportunities related to the Geo Thermal market, where it is expected to hold an advantage in providing up to 30% of the world’s power by 2030-2050. Based off the Intergovernmental Panel on Climate Change review that will deliver the first pipe for Indonesia expected during the first quarter of 2017. There are many projects in discussion for Pipe Lines, with the company looking for full funds of $20M that will allow the company to transform the many proposals and projects in front of them. If all goes well, hoping for full funding and development, Long Pipes would provide more than $1B in less than 5 years. Long Pipes trust that they have the potential to substantially impact the ever-increasing worry of climate change with their original technology.

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