Insituform
Encyclopedia
Insituform Technologies, Inc. is a worldwide provider of trenchless technologies for gravity and pressure pipelines. It is publicly traded on the NASDAQ
(NASD: INSU).
Insituform's inception was prompted by the invention of cured-in-place pipe
(CIPP) by Eric Wood of the United Kingdom in the early 1970s. Its name comes from the Latin phrase "in situ form," which means to "form in place." The name was genericized to describe the CIPP process for several years following the expiration of the Insituform patent
.
In 2007, Insituform announced that it would exit the tunneling business http://milwaukee.bizjournals.com/milwaukee/stories/2007/04/09/story17.html and seek a buyer for Affolder, Inc. Insituform announced a new President and CEO on April 7, 2008. John J. Burgess, former CEO of Veolia Water North America, joined Insituform on April 14 of 2008.
Insituform acquired two new companies in Q1 of 2009. The Bayou Companies acquisition closed on February 23, 2009. http://www.insituform.com/content/571/insituform-announces-acquisition-of-the-bayou-companies.aspx Acquisition of Corrpro Companies, Inc. closed on march 31, 2009. http://www.insituform.com/content/584/insituform-closes-acquisition-of-corrpro-companies.aspx
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
(NASD: INSU).
Insituform's inception was prompted by the invention of cured-in-place pipe
Cured-in-place pipe
A cured-in-place pipe is one of several trenchless rehabilitation methods used to repair existing pipelines. CIPP is a jointless, seamless, pipe-within-a-pipe with the capability to rehabilitate pipes ranging in diameter from 0.1–2.8 meter...
(CIPP) by Eric Wood of the United Kingdom in the early 1970s. Its name comes from the Latin phrase "in situ form," which means to "form in place." The name was genericized to describe the CIPP process for several years following the expiration of the Insituform patent
Patent
A patent is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time in exchange for the public disclosure of an invention....
.
In 2007, Insituform announced that it would exit the tunneling business http://milwaukee.bizjournals.com/milwaukee/stories/2007/04/09/story17.html and seek a buyer for Affolder, Inc. Insituform announced a new President and CEO on April 7, 2008. John J. Burgess, former CEO of Veolia Water North America, joined Insituform on April 14 of 2008.
Insituform acquired two new companies in Q1 of 2009. The Bayou Companies acquisition closed on February 23, 2009. http://www.insituform.com/content/571/insituform-announces-acquisition-of-the-bayou-companies.aspx Acquisition of Corrpro Companies, Inc. closed on march 31, 2009. http://www.insituform.com/content/584/insituform-closes-acquisition-of-corrpro-companies.aspx
- Information on U.S. Patent no. 4009063: http://patft.uspto.gov/netacgi/nph-Parser?u=%2Fnetahtml%2Fsrchnum.htm&Sect1=PTO1&Sect2=HITOFF&p=1&r=1&l=50&f=G&d=PALL&s1=4009063.PN.&OS=PN/4009063&RS=PN/4009063
- Related information on CIPP patents: http://www.patentstorm.us/patents/5736166-description.html
- Company Information: http://www.insituform.com/content/137/company_information.aspx
- Tunneling exit: http://milwaukee.bizjournals.com/milwaukee/stories/2007/04/09/story17.html