COREteQ Overview
- Founded
-
2012
- Status
-
Private
- Employees
-
6
- Latest Deal Type
-
M&A
COREteQ General Information
Description
Developer of permanent magnet motor systems intended to maximize the run life of Electrical Submersible Pumps (ESPs) used in oil production and geothermal applications. The company's systems are used in conjunction with protectors to continuously flush and replenish the filtered fluid in contact with the mechanical seal and manage heat reduction, enabling oil operators to extract oil more economically from their assets.
Contact Information
Website
www.coreteqsystems.com
Ownership Status
Privately Held (backing)
Financing Status
Formerly VC-backed
Primary Industry
Oil and Gas Equipment
Other Industries
Machinery (B2B)
Primary Office
- Unit 1, Trade City
- Lyon Way, Frimley
- Surrey GU16 7AL
- England, United Kingdom
+44 020 0000 0000
COREteQ Timeline
COREteQ Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Merger/Acquisition | 02-Aug-2021 | 00.000 | Completed | Generating Revenue | ||
| 4. Grant | 01-Jun-2020 | 00000 | 00.000 | Completed | Generating Revenue | |
| 3. Later Stage VC | 20-Mar-2019 | 00000 | 00.000 | 00.000 | Completed | Generating Revenue |
| 2. Grant | 01-Jul-2015 | $2M | $651K | Completed | Generating Revenue | |
| 1. Seed Round | 01-Oct-2014 | $651K | $651K | 000.00 | Completed | Generating Revenue |
COREteQ Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary | 0,000 | 00.000000 | 0000.00 | 0000.00 | 00 | 0000.00 | 00.000 | |
| Ordinary | 000 | 00.000000 | 00000.00 | 00000.00 | 00 | 00000.00 | 0.000 |
COREteQ Patents
COREteQ Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| GB-202104354-D0 | Form wound motor for electrical submersible pumps | Pending | 26-Mar-2021 | 000000000 | |
| US-20220311300-A1 | Form wound motor for electrical submersible pumps | Pending | 26-Mar-2021 | 000000000 | |
| GB-201905775-D0 | Viscous coupling and gearless transmission | Pending | 25-Apr-2019 | ||
| GB-2584389-A | Viscous coupling and gearless transmission | Pending | 25-Apr-2019 | 00000000 | 0 |
| GB-201804852-D0 | Viscous coupling of gearless transmission | Inactive | 27-Mar-2018 |
COREteQ Executive Team (5)
COREteQ Board Members (6)
| Name | Representing | Role | Since |
|---|---|---|---|
| Hassan Mansir | COREteQ | Founder, Chief Executive Officer, Chief Technology Officer & Board Member | 000 0000 |
| Jan Ellevset | Equinor Ventures | Board Member | 000 0000 |
| Laurence Ormerod | COREteQ | Chairman | 000 0000 |
| Shawn Le Maitre | COREteQ | Board Member | 000 0000 |
COREteQ Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %
-35.5%.
530%
Size Multiple
219x
Median
Size Multiple
219x, 100th %ile
0.00x
0.95x.
413Kx
Key Data Points
Twitter Followers
5.5k
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
