Canadian Company Proposes to Cut Pipeline Monitoring Costs with Automated Drones
According to the U.S. Dept. of Transportation’s Pipeline and Hazardous Materials Safety Administration, as well as Deloitte Consulting, the global oil and gas industry spends $37 billion a year monitoring nearly 10 million kilometers of pipelines. SkyX, a Toronto-based aerospace company, hopes to cash in on that market with a drone-based monitoring system it claims not only could reduce traditional monitoring costs by nearly 90%, but also, using patented technology, provide m