Controlled Variable Buoyancy Systems IP Asset Sale

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Metis Partners presents an exclusive opportunity to purchase the intellectual property (“IP”) assets of Controlled Variable Buoyancy Systems Limited (“CVBS” or “the Company”), a subsidiary of A.T.S. S.r.l. (“ATS”). The company’s IP assets available for sale include granted patents, design portfolio, goodwill rights and extensive organisational knowledge.

IP ASSET HIGHLIGHTS

  • Pioneering patented subsea technology
  • Intelligent buoyancy unit with proprietary control system
  • Efficient, low-risk alternative to traditional heavy lifting methods in subsea operations
  • Attractive commercialisation opportunity in the decommissioning and oil and gas spaces
  • Patent acquisition opportunity for assertion purposes

This is a unique opportunity to acquire the IP assets behind a proprietary subsea technology applicable in the decommissioning market segment within the oil and gas sector.

SALE

All offers, notes of interest, and additional information requests should be submitted directly by email to Ruby Chan  and Nat Baldwin. The deadline for offers has been set at 22nd February 2017 at noon.

BUSINESS OVERVIEW

Incorporated in 1997, the Company was established to develop and commercialise the CVBS technology behind an innovative patent-protected system designed for the retrieval of subsea objects, which has wide applicability in a number of key sectors.

The CVBS technology, developed as an alternative lifting method to traditional heavy lifting vessels, is underpinned by the principles of buoyancy. Comprised of the Intelligent Buoyancy Unit (“IBU”), a cylindrical reservoir, which can be partially or completely filled with water or air, the CVBS system can be utilised to lift and rotate subsea objects in a safe and controlled manner. It also features a proprietary control unit designed to monitor the movement of the IBU and controls the injection of compressed air into the IBU.

The CVBS system’s main innovative technical aspect relates to the air inlet mechanism between the sea water and the IBU, called the Built-in-Bag (“BiB”), which allows for the controlled filling of water and air.

The CVBS technology underwent two testing stages – full-scale shore trials on a prototype IBU, as well as sea trials.

The CVBS technology offers a number of potential commercial benefits including:

  • Reduction of costs compared to traditional lifting methods
  • Flexibility in decommissioning project management
  • Improved safety in decommissioning operations
  • Potential applications in key on-shore sectors

THIS OPPORTUNITY MAY BE OF A PARTICULAR INTEREST TO PARTIES WITHIN THE MARKET SEGMENTS OF:

  • Subsea technology
  • Decommissioning
  • Oil and gas
  • Deep water recovery
  • Renewables
  • Engineering
  • Construction
  • Manufacturing

IP ASSETS FOR SALE

  • Rights in the CVBS patent portfolio
  • Software
  • Attractive design portfolio
  • Extensive organisational knowledge
  • Goodwill rights in the brand and reputation of the CVBS brand

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