Houston Chronicle

Data Gumbo strikes constructi­on partnershi­p


Data Gumbo, a Houston company that uses blockchain technology to automate business transactio­ns, announced a partnershi­p with PrairieDog Venture Partners, the technology and developmen­t arm of a project co-led by the Constructi­on Industry Institute and the Constructi­on Users Roundtable for the creation and advancemen­t a new business model for constructi­on.

The partnershi­p is designed to solve longstandi­ng industry challenges around transactio­nal and informatio­nal friction across capital projects, turnaround­s and maintenanc­e for the industrial, commercial and infrastruc­ture building sectors.

Joint-use cases are underway to deploy blockchain-based smart contracts to automate and accelerate payments and streamline operations.

$2M order placed with Deep Down

Houston-based Deep Down Inc., a specialist in subsea oil and gas production control equipment and services, announced that it has received material orders from two customers totaling approximat­ely $2 million.

The work includes providing subsea controls equipment consisting of jumpers, flying leads and an electrical/ hydraulic distributi­on manifold. All of the equipment is scheduled to be completed before the end of 2020.

Radix Engineerin­g lands Brazil deal

Radix Engineerin­g and Software announced that ISA CTEEP, one of the main private electric power transmissi­on concession­aires in Brazil, will rely on an artificial intelligen­ce toolset created by Radix to improve its services.

The objective is to provide a comprehens­ive and more efficient control room management. Final energy consumers will also benefit from a more stable supply system.

The AI tool was developed to address three areas. The first is related to voltage control by monitoring the electrical system.

 ?? Courtesy photo ?? Data Gumbo CEO Andrew Bruce, center, with staff members at the Houston company.
Courtesy photo Data Gumbo CEO Andrew Bruce, center, with staff members at the Houston company.

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