OPTASENSE Presence in Critical Infrastructure Protection Solutions
OptaSense generates its revenue by providing pipeline monitoring, oilfield services, perimeter intrusion detection and security, border and military security, transportation monitoring, and power and utility services across the globe. The company has a worldwide reach with regional and sales offices set up in North America, Europe, and MEA. It receives more than 50% of its revenue from the North American and European regions. The company has a wide industry reach and caters CIP products and services for various industry verticals, such as pipelines, oil and gas, perimeters, borders, railways, roadways, and power and utilities.
OptaSense is active in adopting inorganic growth strategies, such as partnerships, collaborations, and agreements. Some of the company’s partners include the Stanford School of Earth, Energy & Environmental Sciences, US, Abu Dhabi’s Gulf Automation Services and Oilfield Supplies (GASOS), Weatherford International PLC, and Siemens AG. The company is not very active in undertaking acquisitions. This may affect its position in the CIP market. Additionally, OptaSense has shown slow organic growth with limited new product launches and product enhancements.