Iberdrola and CDTI to invest 700,000 euros in Atten2, a Basque technology company
11-11-2015
IK4-TEKNIKER
The company, an IK4-TEKNIKER spin-off, based at the Gipuzkoa Technology Park in Eibar is focused on designing, manufacturing and marketing sensors used to monitor lubricants in the electricity sector. The company’s operations were presented this morning during an event held at the Iberdrola headquarters in Bilbao.
Iberdrola and the Centre for Industrial Technological Develoment (CDTI), that operates under the umbrella of the Ministry of Economy and Competitiveness, have signed an agreement today with the Basque company Atten2 Advanced Monitoring Technologies, S.L. according to which both organisations are to invest 700,000 euros in this company in two stages.
This operation forms part of the INNVIERTE programme in which Iberdrola, via its Perseo corporate venture capital fund, and CDTI, also through said programme, invest in companies whose activities are connected to the energy and environmental sectors.
This investment means that both Iberdrola and CDTI will be entering the capital of Atten2 to further the development of this company and strengthen its position within the sector.
This was explained by the Secretary General of CDTI, Margarita Gabiola, the director general of IK4-TEKNIKER, Alejandro Bengoa, and by the Iberdrola director for Innovation, Sustainability and Quality, Agustín Delgado, during an event held this morning at the Iberdrola headquarters in Bilbao.
Atten2 is an IK4-TEKNIKER spin-off based at the Gipuzkoa Technology Park in Eibar. The company focuses on designing, manufacturing and marketing sensors used to monitor the condition of fluids, mainly oil, used in industrial applications. Some of the most outstanding applications are connected to the production and distribution of electricity.
More specifically, their first products, OilHealth and OilWear, are sensors that can be used for oil monitoring on wind turbines.
These sensors, based on a new technology jointly patented and developed by IK4-TEKNIKER and Atten2, allow efficiency to be upgraded in applications involving intense oil usage as oil status can be monitored remotely and in real time, thus providing a much higher level of monitoring capability compared to traditional methods.
This technological investment comes under the commitments taken on board by Iberdrola and CDTI in terms of enhancing entrepreneurship actions and reinforcing Spain’s industrial fabric. It is also related to efforts aimed at promoting innovative projects that will produce changes in the productive model to achieve a more sustainable society.