Long Pipes Complete Capital Raise for $575K

Long Pipes have completed the capital raise for $575K this week on a con note for 15 cents.  Long Pipes are now working on the placement of funds for 15 cents for $1M to be completed immediately.  They have made a presentation at WI in Hong Kong that has resulted in a lot of interest and expect that the $1M will be filled promptly.

ABOUT LONG PIPES 

Long Pipes has developed, demonstrated and installed the Fluid Highway™ the “World’s first” continuous composite pipe made in the field without a joint for 1km or 1,000kms. It is the lowest cost, lightest, strongest, lowest CO2, lowest environmental impact, lowest labour and fastest to install fibre composite pipe globally.  The Fluid Highway ™ is unique it is tough, strong, flexible, designed to withstand extreme corrosion, erosion, temperature variations and pressures up to 130 Bar so far.

The Fluid Highway™ is globally unique; with strong IP, a disruptive technology in the disrupted market of fluid transportation, to replace steel, high density polyethylene and fibreglass for oil, gas, water slurry and hydro transportation. We have first contract and numerous other contracts in discussion with an addressable market of US$12-15B in the next 5 years.