Long Path Technologies

Introduction:

Long Path Technologies is an environmental monitoring company focused on developing laser technologies. Their aim is to improve operational efficiency, ensure regulatory compliance, and minimize environmental impact. They do this through the use of innovative laser technologies that are designed to aid gas and oil companies in detecting leaks. They offer long-range laser systems for continuous emissions monitoring, that probe the distinct absorption fingerprint of many different molecules, enabling companies to minimize emissions.

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Overview:

Long Path’s focus on low-cost monitoring systems that offer customers with detailed emissions, and source identification, make them a key player in the Industrial Technology Sector. This company should be on the radar of any oil/gas company looking to improve their environmental performance. In the  Industrial Technology Sector, a greater emphasis is being put on environmental regulations. Long Path Technologies offers a service which allows companies to remain competitive in this changing field. As of now, Long Path is predicted to prevent 6 million tons of carbon dioxide emissions annually. With their new $189 million conditional loan commitment from the US department of energy for a large-scale methane emissions monitoring network. Long Path is shaping up to be a big name in the gas and oil industry.

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Challenges and Opportunities:

The largest challenges this industry faces, are increasing emission regulations from the government, preventing gas an oil companies from being as efficient as they once were. These regulations continue to become more and more severe, forcing companies to begin adapting key parts of their operations. Long Path Technologies will allow companies to prevent and spot gas and oil leaks, better equipping companies to meet new industry standards. Additionally, as global warming issues become more severe, Long Path has the opportunity to expand into new markets, growing overall.

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Insights from us:

Long Path is already securing massive deals. The company is growing rapidly in an industry facing big changes. The economic issues that oil and gas companies are facing, will continue to rise, as the world aims to reduce emissions. Because this company provides a fix for many of these issues, there is no doubt that Long Path’s impact will continue to grow in the coming years.

Conclusion:

Long Path is seeking to not only flatten the emissions curve, but to directly solve a problem facing many oil and gas companies. Long Path is effectively killing two birds with one stone, and the impact that they are having  on this sector is significant. In the coming years, Long Path will continue to secure more deals, and solve the emissions problem that many companies are facing, making them a big player in the future of the Industrial Technology Sector.

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