Fire & Gas Detection Technologies
Flame Detectors for High-risk Industries
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, achieving a market capitalization of $80.14M.
Business overview
Fire & Gas Detection Technologies (FGD) develops flame detectors for high-risk industries such as oil and gas and petrochemicals. Its core products, including the FlameSpec UV-IR and FlameSpec IR3, offer fast detection and long-distance performance while minimizing false alarms. These detectors are optimized for reliable operation in challenging weather conditions and feature optional HD video cameras for continuous recording, 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 through an offering at a 5% discount. This move signals the company's intent to secure additional capital for growth or operational expansion, indicating a proactive financial strategy to support its market position in industrial safety technologies.
Log in to access full profile ›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.