American Infrastructure Group, Inc. is entering the energy corrosion and methane release inspection market utilizing artificial intelligence data management applications.
Houston, Texas – July 13, 2023 – American Infrastructure Group, Inc. (“AIGI”) is pleased to announce their entry into the energy sector infrastructure integrity market under the leadership of Dave Lafferty and Abe Shasha.
AIGI has created an Energy AI Division to address a broad range of energy infrastructure issues by adopting existing AIGI technology that will lower the carbon footprint of existing operations and accelerate the energy transition effort. The initial solutions will address corrosion detection and methane management problems. Corrosion costs the global energy industry over $2.5 trillion annually. We believe our addressable market for corrosion monitoring services is currently $289 million annually, growing to $3.1 billion by 2026. The methane monitoring and identification addressable market is approximately $86.2 billion currently and growing to $106 billion by 2028.
William P. McCaughey, Chief Executive Officer, stated, “Our value proposition is to provide our customers assistance in lowering their carbon footprint, reducing the risk of the energy transition from fossil fuels to renewable energy, and providing better information at a lower cost to improve their operations.”
Dave Lafferty has been appointed President of the new division, with Abe Shasha as Vice President of Business Development.
Mr. Lafferty is the president of Scientific Technical Services (STS), a consulting firm focusing on the digitalization of the energy sector. He has served as an advisor to Aramco Investments, Intel Corp, ChampionX Corp, Yokogawa Electric Corp, and Emerson. He also serves on the board of directors of the Knowix Company. Dave is very active in the energy startup community including mentoring for the Rice Clean Energy Accelerator and Global Energy Mentors.
Before STS, Dave worked in the BP p.l.c.(BP) Chief Technology Office where he spearheaded a wide range of innovative projects, including wireless sensor systems including corrosion and passive sensors, predictive analytics for equipment health, and mobility projects. BP, one of the world’s largest companies, is a British multinational oil and gas company headquartered in London. Dave has a Bachelor of Science in computer science from University of Wisconsin – La Crosse.
Mr. Shasha has a 30 year background in sales management and leadership as worldwide sales leader for Honeywell International, Inc ‘s software team in their Industrial Control Group and on the executive team and sales leadership with Aspen Technology, Inc.
In addition, Abe has led successful ventures and transactions in various software and technology businesses in the process industries including ones with Yokogawa Electric Corporation, P2 Energy Solutions, Schlumberger Limited, and various financial firms. Abe has a Bachelor of Arts in Economics and Computer Science from the University of Waterloo in Ontario.
About American Infrastructure Group, Inc.
American Infrastructure Group, Inc. is an infrastructure services company headquartered in Houston, TX focusing on providing a comprehensive solution stack including asset integrity, data collection, data fusion and field services. Our data technology division offers software solutions and industrial drone operations. Our field services division offers infrastructure construction, installation, and maintenance services to governments, municipalities, and companies.
Corporate Website: http://AmericanInfrastructureGroup.com
Infrasix Website: http://InfraSix.com
Patriot Drone Operators, LLC Website: http://PatriotDroneOperators.com
1UP Aerial Drone Services, Inc. Website: https://1UPDrones.com/
Contact:
Peter Quinn, Senior Adviser
Address: 710 N Post Oak, Suite 400 Houston, Texas 77056
Phone: 1-832-464-4460
Email: Peter@InfraSix.com
Forward-Looking Statements Certain statements herein, including statements regarding the extent and timing of our production and other operations, and our liquidity, are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our filings with the Securities and Exchange Commission. American Infrastructure Group, Inc. and InfraSix, LLC disclaim any obligation to update this information.
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