Is it an anti-smoking patch for a pipe? Nope, it a sensor for measures stress and strain. The sensors sell for $1,000 a pop and a station for collecting data runs about $45,000. But Fox-Tek CEO Gary Jolly asserts that's a bargain compared to cleanup costs of a leak or explosion. Saudi Aramco has tested out the company's sensors and is planning on announcing soon on how it plans to expand its use of the sensors, Jolly said.
Bill Detwiler has nothing to disclose. He doesn't hold investments in the technology companies he covers.
Bill Detwiler is Managing Editor of TechRepublic and Tech Pro Research and the host of Cracking Open, CNET and TechRepublic's popular online show. Prior to joining TechRepublic in 2000, Bill was an IT manager, database administrator, and desktop support specialist in the social research and energy industries. He has bachelor's and master's degrees from the University of Louisville, where he has also lectured on computer crime and crime prevention.