Namesilo completes SewerVUE Technology acquisition

Executive Summary

• Namesilo Technologies Corp. completed the acquisition of SewerVUE Technology Corp., purchasing all outstanding shares for $2.45 million.
• The transaction included issuance of 78,750 common shares at $1.40 per share to a third‑party finder (subject to a four‑month resale restriction) and grant of 150,000 stock options exercisable at $1.51 per share for five years.
• SewerVUE brings advanced large‑diameter pipe inspection technologies—including pipe‑penetrating radar, multisensor lidar/sonar/HD‑CCTV—to Namesilo’s portfolio, expanding its capabilities in critical infrastructure monitoring.

Key Details

• Purchase Price: $2.45 million paid to SewerVUE shareholders for 100% of the issued and outstanding shares.
• Share Issuance: 78,750 common shares issued to a third‑party finder at $1.40 per share; resale restricted for four months from issuance date.
• Stock Options Granted: 150,000 options with an exercise price of $1.51 per share, exercisable over a five‑year period.
• SewerVUE Technology Highlights:
• Pipe‑penetrating radar (PPR) and multisensor inspections for large‑diameter pipelines.
• Capabilities to detect voids, measure wall thickness, assess sediment volume, and evaluate reinforcement cover.
• Generation of digital twins for pipeline assets and support for slip‑lining project planning.
• Market Reach: SewerVUE serves municipalities, mining corporations, and engineering firms worldwide, leveraging lidar, sonar, HD‑CCTV, and PPR technologies.

Notable Quotes

(No direct quotes were provided in the release.)