MOBILTEX ANNOUNCES STRATEGIC ACQUISITION OF WATERING SOFTWARE TO EXPAND FLOPATH BUSINESS GROUP

BUSINESS STRATEGIST HEINER MARKHOFF JOINS BOARD OF MOBILTEX

September 30, 2019

FOR IMMEDIATE RELEASE

Calgary, Alberta, Canada – Business strategist Heiner Markhoff is now adding his diverse industry knowledge and global business experience to IoT-based pipeline rectifier monitoring and data analytics pioneer MOBILTEX [an XPV Water Partners company] as a new member of the company’s Board of Directors.

Markhoff most recently served as CEO of SUEZ Water Technologies & Solutions, a US$3B provider of advanced methods of addressing water availability. Previously, Heiner served as President & CEO of GE Water & Distributed Power, President & CEO of GE Water & Process Technologies, President & CEO of GE Plastics Europe, based in the Netherlands, CEO of GE Bayer Silicones, based in Germany, and General Manager Automotive at GE Plastics in Michigan.

“Heiner’s diverse leadership experience and track record of building leading smart infrastructure platforms is a great asset to our management team,” said MOBILTEX CEO Marc Bracken. “We have tens of thousands of MOBILTEX CorTalk devices reliably collecting data from some of the most remote and mission-critical pipelines across North America. Aggressively growing our installation base with our superior-quality IoT monitoring solutions, products, and customer service will enable our clients to have the vital data at their fingertips for driving greater operational efficiencies and regulatory compliance.”

Providing CorTalk IoT-based solutions to monitor corrosion protection effectiveness in pipelines and other critical infrastructure assets for the oil & gas and municipal water markets, MOBILTEX is recognized for the high quality and reliability of their technologies as well as their powerful data management and analytics platform which enables customers to quickly view the performance of their cathodic protection system and to streamline reporting requirements.

In addition to Heiner Markhoff, the MOBILTEX board of directors includes Khalil Maalouf, XPV Water Partners, the growth equity partner of MOBILTEX and many other innovative water-related companies, and MOBILTEX CEO Marc Bracken, entrepreneur and founder of several successful technology companies.

“Remote data collection combined with advanced AI machine-learning capabilities are driving efficiency and extending infrastructure asset life across many market sectors,” said Heiner Markhoff. “When you combine the leadership position of MOBILTEX and the ecosystem of expertise that XPV Water Partners bring to the table, it takes the company to a whole new level of excellence.”

About MOBILTEX

Over 30 years of cathodic protection innovation, over 200 major organizations across North America and around the globe, and several hundred thousand miles of pipeline assets protected – MOBILTEX solutions are redefining the cathodic protection system monitoring industry. As our reputation grows, we continue to invest and expand our patented IIoT technologies while leveraging 5G cellular and satellite communications across our portfolio. MOBILTEX is widely recognized in the industry for innovation, reliability, and our world-class service and support.

About XPV Water Partners

XPV Water Partners is comprised of experienced water entrepreneurs, operators, and investment professionals dedicated to make a difference in the water industry. XPV invests in and actively supports water-focused companies to enable them to grow and deliver value for all stakeholders. For more information, visit www.xpvwaterpartners.com.


Media Contact: Jonathan Saint
Phone: 403.291.2770
Email: media[ at ]mobiltex[ dot ]com

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