Ontario Water News

XPV Invests in Alberta IoT Firm

Ontario-based XPV Water Partners announced that it has invested in Alberta-based Mobiltex Data Ltd., an internationally recognized IoT product and service provider that monitors corrosion protection in pipelines and other critical distribution and storage infrastructure assets. The investment will help the Ontario-based private venture capital fund scale up its geographic presence and expand its offering.

Mobiltex IoT monitoring devices provide insights into the condition and integrity of their customers’ fluid transportation and storage assets. Utilizing both satellite and cellular communication systems, Mobiltex makes data available on a continuous basis for asset management, regulatory compliance and to ensure the safe operation of critical assets.