Bridger Photonics Announces Breakthrough LiDAR Technology
Montana-based Bridger Photonics has announced a breakthrough in LiDar development for use in the oil and gas industry, earlier this week. Bridger Photonics develops precision LiDAR solutions to help oil & gas and manufacturing companies improve the safety and efficiency of their operations.
Bridger Photonics started out by developing a proprietary core LiDar engine which was capable of extremely precise distance measurements and 3D imaging. They advanced this technology for use in detecting, locating, and quantifying methane gas leaks across the entire natural gas value chain. The addition of this highly sensitive detection method offers greater protection and safety measures for those in the oil & gas industries.
Exxon Mobil has already filed an application with the U.S. Environmental Protection Agency to use the company’s LiDAR technology for their remote aerial detection of methane emissions. This type of move will allow Exxon to simplify and increase the efficiency and sustainability of their regulatory compliance checks. Previously, companies handled inspections manually along hundreds of production sites. Bridger Photonics new LiDAR detection technology could remove the need for this manual check and automate the process.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.org/webinars or contact your usual Swanson Reed representative.
