Fire & Gas Detection Technologies

Company Overview

Snapshot

Founded in February 2017 by Yechiel Spector, Fire & Gas Detection Technologies operates with 11–50 employees. The company has raised $8.25M across one funding round and went public on TASE in September 2020.

Business overview

Fire & Gas Detection Technologies (FGD) develops advanced flame detectors for high-risk environments, including the oil and gas and petrochemical industries. Its core products, FlameSpec UV-IR and FlameSpec IR3, offer rapid detection and extended range while minimizing false alarms. These detectors are engineered to perform reliably in challenging weather conditions and feature optional integrated HD video cameras for visual analysis, live streaming, and remote diagnostics, serving the industrial technologies sector.

Strategic signal

In December 2023, Fire & Gas Detection Technologies announced plans to raise up to 20 million ILS, indicating a strategic move to secure additional capital for growth or operational expansion. This potential capital injection signals the company's intent to strengthen its market position and continue its development in the industrial safety sector, providing investors with insight into its forward-looking financial strategy.

Company Intelligence Q&A

When was Fire & Gas Detection Technologies founded?

Fire & Gas Detection Technologies was founded in February 2017.

Who is the founder of Fire & Gas Detection Technologies?

Yechiel Spector is the Founder & Chairman of Fire & Gas Detection Technologies.

What is the primary sector of Fire & Gas Detection Technologies?

Fire & Gas Detection Technologies operates primarily in the Industrial Technologies sector.

When did Fire & Gas Detection Technologies go public?

Fire & Gas Detection Technologies went public on TASE in September 2020.

What was a significant financial event for the company in late 2023?

In December 2023, Fire & Gas Detection Technologies announced its intention to raise up to 20 million ILS.