Stingray Geophysical was established in early 2006 to commercialise fibre-sensing technology licensed from QinetiQ, the former UK Ministry of Defence's research arm and now Europes largest science and technology organisation.

Stringray Geophysical has secured £6.6 million capital from a venture capital consortium led by Energy Ventures and including Hydro Technology Ventures and Chevron Technology Ventures. QinetiQ holds a 19.9% share in Stingray Geophysical.

The Technology was originally developed in the mid-nineteen eighties where its small size, high sensor count and extreme robustness were attractive for anti-submarine warfare applications.

The oil and gas industry is now benefiting from the development of this technology and Stingray is "listening with light" to enable reliable and cost effective permanent reservoir monitoring.

Stingray has implemented a leveraged business model building on nearly thirty years and tens of millions of dollars of investment in advanced fibre sensing technology and leveraging carefully selected partners who form part of our extended enterprise.

Our partners are: QinetiQ, who continue to work on developing and engineering our technology giving us access to approximately 11,400 scientists and engineers and their state-of-the-art laboratories and test facilities; AtlasElektronik (a joint venture between EADS and Thyssen Krupp), is our manufacturing partner with a proven track-record of building fibre-optic cables and sensors for commercial and military applications. Atlas-Elektronik UK have a 15,000 m2 manufacturing facility in Newport South Wales; Our deployment partner, Bergen Oilfield Services, has wide experience of deploying ocean bottom seabed arrays in all kinds of environments. Through and with these partners Stingray has access to a vast range of technology development, manufacturing and deployment expertise capability and expertise which allows us to compete on better than equal terms with even the largest oilfield services suppliers, because we have equivalent or better resources and are singularly focused on developing Fosar, our fibre-optic seismic reservoir monitoring solution.

Energy Ventures is an independent venture capital company providing capital to high growth oil and gas technology companies. Energy Ventures manages two funds and is based in Stavanger, Norway.

Chevron Technology Ventures identifies and invests in new technologies and business opportunities that can create value, clear competitive advantage and superior financial returns for Chevron.

Hydro Technology Ventures is a corporate venture capital company owned by Hydro investing in promising new energy technologies and oil and gas upstream technologies.

QinetiQ (pronounced ki net ik as in 'kinetic energy') is a leading international defence and security technology company that was formed in July 2001 from the UK Government's Defence Evaluation & Research Agency (DERA). Today, QinetiQ has around 11,400 employees, who deliver technology-based services and exploit QinetiQ's strengths in technology research by selling systems solutions, products and licences to government and commercial customers in a spectrum of defence, security and other commercial markets.