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Laminera Flow Optimization Withdrawn, Nasdaq: LMIN

Developing a device to provide active flow control in fluid pipe transportation.

Industry: Industrials

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Industry: Industrials

We are a deep-tech development stage company that aims to disrupt fluid transportation. We are committed to improving and optimizing the global infrastructure of water, oil and gas pipeline transportation by reducing energy costs, maintenance costs, and enhancing capacity without having to replace infrastructure.We have developed a novel active flow control device that introduces pressure waves into turbulent pipe flow and causes a relaminarization of the flow reducing friction on the pipe walls and hence reducing drag. Our device, referred to as a PWG, involves a rotating impeller located outside of the main pipe flow which induces a small inflow upstream of the mainline pump and returns the extracted fluid via an outflow pipe imparted with oscillating pressure waves from the impeller. This effect is designed to be sustainable for a significant pipe length and thereby introduce non-trivial energy savings regarding input pump work. Since February 2022, we have engaged with Ozen Engineering, a California based company, to perform commercial-grade computational fluid dynamics, or CFD, simulations of the PWG by considering the impact of generated pressure waves on fully-developed turbulent pipe flow. The overall goal was to further optimize and improve the original PWG design. In addition, we have established in Israel an open-source CFD software/hardware environment and initiated simulation studies to compliment and expand on the Ozen effort.
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IPO Data
IPO File Date 08/05/2022
Offer Price
Price Range $4.25 - $6.25
Offer Shares (mm) 1.6
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $4.25 - $6.25
Offer Shares (mm) 1.6
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Aegis Capital Corp.
Company Data
Headquarters Netanya, Israel
Founded 2017
Employees 2
Website www.laminera.com

Laminera Flow Optimization (LMIN) Performance