Raleigh, NC, September 19, 2018 — Global energy leader Chevron has selected WISER Systems Inc., developer of a precise and cost-effective wireless real-time locating system, to participate in the Chevron Technology Ventures Catalyst Program.
As a division of Chevron itself, Chevron Technology Ventures (CTV) is “a conduit for early adoption of emerging technology” according to the program’s website. CTV supports innovative companies with new technologies that potentially enhance Chevron’s mission of responsible energy production.
“We’re proud and excited to continue enhancing, adapting, and integrating our technology into the oil and gas industry in partnership with Chevron,” said WISER CEO Dr. Elaine C. Rideout. “Our selection in CTV’s Catalyst Program is a testament to years of hard work by our amazing team!”
Since its inception in 2017, CTV’s Catalyst Program has helped early stage companies like WISER accelerate technology development. With this announcement, WISER joins five other companies currently participating in the Catalyst Program.