AcousticEye Signs Strategic Sales Agreement with Itech W.L.L. in Qatar

LEUSDEN, The Netherlands -- AcousticEye, the leader in non-invasive tube inspection solutions for the heat exchanger market, has signed a multi-year agreement with Qatari company Inspection Technology Itech. Itech will deploy AcousticEye Dolphin systems throughout the Middle East and North Africa, making the breakthrough tube inspection technology available to the region for the first time.

"This partnership underscores the global market's confidence in our innovative inspection technology," says Tal Pechter, CEO and co-founder of AcousticEye. "With Itech as a strong partner in the Middle Eastern and North African markets, AcousticEye takes a large step toward becoming the world's leading tube inspection technology." Itech is part of a Qatari group of companies under the Al Khalifa umbrella, including Akkila W.L.L and Quest Plus W.L.L., which operate in the non-destructive testing (NDT) market. Akkila is an NDT service providing company that specializes in advanced NDT services. Quest Plus is the Qatar distributor of GE Measurement and Control Solutions.

"AcousticEye's revolutionary tube inspection system is a valuable addition to our company's range of advanced NDT technologies and services," explains Mohanad Akilla, President of Itech. "We are convinced that this strategic agreement will greatly contribute to our path of growth in the region."

AcousticEye utilizes breakthrough acoustic-based technology to revolutionize the way companies perform heat exchanger maintenance. Currently only 8-10 % of tubes are randomly "sampled" due to the time and costs associated with traditional NDT-based inspection methods. The random sampling of tubes results in failures and defects since the vast majority go untested. The cost of the resulting tube defects - including performance degradation, energy waste, environmental hazards and lower heat transfer - is estimated at $30 billion annually. With AcousticEye, 100% of the 13b tubes used worldwide can be tested for defects at a fraction of the time and expense of other testing methods. As a result, costly downtime due to failures in mission critical equipment can be avoided entirely.

About AcousticEye
AcousticEye Ltd. was established in 2005 by Tal Pechter and Dr. Noam Amir to bring acoustic technology to the NDT (Non Destructive Testing) industry. The company develops, manufacturers, and markets mobile and embedded tube inspection devices. AcousticEye's patented (pending) technology offers accurate and rapid single point inspection of inaccessible tubes. The company's Dolphin system is unique in its ability to quickly find and accurately locate defects in complex tube systems regardless of their material, without the need for physically traversing a probe along the tubes.

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