Laminera Flow Optimization Ltd. (LMIN)
Laminera Flow Optimization will go public soon, but the exact IPO date is still unknown.
IPO Price Range
$4.25 - $6.25
Shares Offered
1,600,000
Deal Size
$8.40M

Company Description

Laminera Flow Optimization is a deep-tech development stage company that aims to disrupt fluid transportation.

We are committed to improving and optimizing the global infrastructure of water, oil and gas pipeline transportation by reducing energy costs, maintenance costs, and enhancing capacity without having to replace infrastructure.

Our energy efficiency technology is unique in its ability to suppress turbulence by continuously generating low-frequency pressure waves, which achieves minimal hydrodynamic resistance for the pipeline transport process.

As a result, friction losses within the pipeline are reduced. Following a proof of concept industrial test in 2015 of the pressure waves generator, or PWG, that was shown to decrease specific energy consumption by 35% for approximately five minutes, we believe that our current prototype in development will have the potential to reduce pump energy consumption significantly.

In November 2018, we entered into a beta test agreement, or the Beta Test Agreement, with Mekorot Water Company, Israel’s national water company.

The Beta Test Agreement provides for Mekorot to test and examine the performance of our product for commercial production and its compliance with test specifications.

The testing is planned to commence in late 2024 and take place over 30 months.

Laminera Flow Optimization Ltd.
Country Israel
Founded 2017
Industry Industrials
Sector Machinery
CEO Yair Volovitz

Contact Details

Address:
31 Hamelacha St.
Netanya, 4250566
Israel
Phone +972-77-955-5828

Stock Details

Ticker Symbol LMIN
Exchange NASDAQ
Fiscal Year January - December
Reporting Currency USD
CIK Code 0001922182
SIC Code 3561

Key Executives

Name Position
Yair Volovitz Chief Executive Officer
Yuval Tovias Chief Financial Officer
Shoshana Eizenberg Hertz Director
Amitay Weiss Chairman of the Board of Directors
Uri Geva Director

Latest SEC Filings

Date Type Title
Feb 16, 2023 F-1/A [Amend] Registration statement for certain foreign private issuers
Jan 26, 2023 F-1/A [Amend] Registration statement for certain foreign private issuers
Dec 9, 2022 F-1/A [Amend] Registration statement for certain foreign private issuers
Aug 5, 2022 F-1 Registration statement for certain foreign private issuers
Jul 6, 2022 DRS/A [Amend] [Cover] Draft Registration Statement
May 17, 2022 DRS [Cover] Draft Registration Statement