Grants and Contributions:

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Title:

CMSv3

Agreement Number:

941968

Agreement Value:

$49,933.00

Agreement Date:

Feb 1, 2020 - Jun 30, 2021

Description:

Three chain measurements are generally required for regulatory compliance: link length, inter-grip length and sidebar diameter. At present, Welaptega’s Chain Measurement System (CMSv2.1) and Subsea Caliper are separately required for these measurements. The current CMSv2.1 tool requires a Work Class ROV (WCROV) for tool placement, while the Subsea Caliper can be deployed using a smaller Inspection Class ROV (ICROV). ICROVs are able to be operated from floating production installations rather than from separate, dedicated vessels with WCROVs. The ability for client to perform inspection activities using ICROVs launched from an installation saves in excess of $100,000 USD per day vs. WCROV vessels.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Halifax, Nova Scotia, CA B3J 3P6

Reference Number:

172-2019-2020-Q4-941968

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

892656000

Recipient Type:

For-profit organization

Additional Information:

This agreement has been amended 1 time(s). The end date of this agreements has been modified by 30 days.

Amendment Date

May 13, 2021

Recipient's Legal Name:

Welaptega Marine Limited

Federal Riding Name:

Halifax

Federal Riding Number:

12005

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

541710

Amendments:

See Amendments