Test1 Solutions

Overview
Oil & Gas Tech?
Product stageSegments
Expansion
?
Spill and leak management (Upstream & Midstream)
?

Test1 specializes in environmental protection technology, specifically focusing on oil spill recovery and carbon footprint reduction in production activities. The company's flagship product, FoamFlex200, is a patented polyurethane sponge that can absorb hydrocarbons up to 30 times its weight. This reusable solution can be utilized up to 200 times and enables the recovery of spilled oil while making it suitable for reuse in production. The technology demonstrated its effectiveness in its first field application during the Canary Islands oil spill in 2018, where 70 kg of FoamFlex200 recovered 55% of a 150-tonne oil spill, making 57 tons of oil reusable. This recovery rate significantly exceeded the typical 5-20% recovery rate achieved with traditional methods. The company serves multiple segments including the oil sector (offshore and inshore), maritime transport, yachting, and industrial filtration systems. Test1 has expanded its product line to include Ocean cleaning kits for small boats, designed to prevent bilge oil contamination in marine environments. The company is also developing a line of industrial filters incorporating FoamFlex200 technology.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
G. Oberdan, 140 Brescia ITA
Founded year:
2014
Employees:
11-50
IPO status:
Private
Total funding:
USD 1.8 mn
Last Funding:
USD 1.8 mn (Series Unknown; Oct 2023)
Last valuation:
-
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