XPV WATER PARTNERS INVESTS IN MOBILTEX DATA LTD

FOR IMMEDIATE RELEASE

Calgary, Alberta, Canada – XPV WATER PARTNERS EXPANDS ITS PORTFOLIO OF COMPANIES WORLDWIDE WITH AN INVESTMENT IN MOBILTEX DATA LTD

XPV Water Partners, a growth equity investor focused on making investments in companies related to the treatment and management of the world’s water resources, announced today that is has made a significant investment in MOBILTEX Data Ltd, an internationally recognized leader in providing IoT products and services to monitor corrosion protection in pipelines and other critical distribution and storage infrastructure assets. MOBILTEX was founded and has been led by Jerry Chilibecki and Dale Poloway of Calgary Alberta, Canada, since 1985.

MOBILTEX is a leading provider of IoT monitoring devices and provides data management services that gives insight for their customers into the condition and integrity of their 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. Resource industries such as oil and gas and utilities are increasingly reliant on connectivity in order to compete and remain profitable in today’s hyper-connected, data-driven, global marketplace.

“I am proud of the success and industry respect that our CORTALK® brand has achieved. This partnership will enable MOBILTEX to significantly increase our presence and support in the cathodic protection remote monitoring market” says Jerry Chilibecki. “The partnership with XPV Water Partners will enhance our ability to deliver value to our customers through technology and services that is adaptive to the needs of the corrosion industry” says Dale Poloway.

“We are pleased to partner with this fast growing, innovative and entrepreneurial Company. Our partnership will focus on helping the Company scale up its geographic presence and expand its offering” stated Khalil Maalouf, Partner at XPV Water Partners. “The investment was the result of an extensive search for a leading platform company in the corrosion space” added Bruce Lounsbury, Entrepreneur in Residence at XPV.

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