Qube Technologies, Inc.

Qube Technologies, Inc. , based in Calgary, Canada, specializes in emissions monitoring solutions, particularly for the oil and gas sector, providing innovative technologies for real-time detection of methane and other gases. Founded in 2018, Qube Technologies, Inc. focuses on emissions monitoring solutions, with headquarters in Calgary, Canada.

The company has completed 2 deals, with the most recent deal occurring on September 28, 2023. The CEO is Alex MacGregor, and the founder is Stuart Primrose. Qube Technologies specializes in emissions monitoring solutions, with a primary offering of a continuous point-source methane monitoring system. This system, approved by the U.

S. Environmental Protection Agency (EPA) as an alternative test method under the OOOO regulations, utilizes calibrated sensors for real-time detection of methane and other gases. The technology, which combines advanced hardware with physics-guided machine learning, allows operators in various sectors, including oil and gas, waste management, and utilities, to monitor emissions effectively across multiple locations, including challenging environments. Their geographical markets include the United States, Canada, and potentially other regions with stringent emissions regulations.

Qube Technologies generates revenue through a subscription-based model, where clients pay for continuous access to their emissions monitoring platform and data analysis services. The transactional structure typically includes partnerships with operators in the oil and gas sector and waste management organizations, facilitating leak detection and repairs. While specific pricing details are proprietary, subscriptions are designed to provide significant savings compared to traditional methods, potentially reducing costs by up to 80% compared to Optical Gas Imaging surveys. This ongoing structure fosters long-term client relationships, contributing to recurring revenue streams for Qube Technologies.

In September 2023, Qube Technologies, Inc. raised an undisclosed amount of Series B funding from new investor Riverbend Energy Group. The funding will support the advancement of their technology, geographic expansion, and an increase in manpower. The company aims to enhance its product offerings and expand into new markets, although specific upcoming product launches and regions targeted for expansion have not been detailed.