Kinetic Pressure Control Ltd announced it raised $4.87 Million in an initial filing from an offering of $4.87 Million

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Kinetic Pressure Control is a leading well control technology company that designs, manufactures, and provides innovative wellhead and pressure control equipment and services. Our mission is to protect the Oil and Gas industry’s social license to operate. Blowouts are an existential threat to the oil & gas industry, and despite strong focus from the industry it seems like year after year we see new headlines of blowouts with their accompanying losses. The problem is that the existing BOP is not sufficient to shut in the well in all situations. A new technology developed by Kinetic Pressure Control provides a solution that can stop a blowout and shut in a well no matter the established flow or size, type, or position of a given tubular across the BOP. Kinetic's flagship product, called the Kinetic Blowout Stopper (K-BOS) is best described as "the airbag for the Oil & Gas Industry."​ The K-BOS’ unique design, utilizing the power of kinetic energy, greatly limits the potential threat posed by blowouts by being able to shear and seal anything above the bit in the well, instantly with ultimate reliability. The K-BOS has the potential to be retrofitted to existing subsea stacks or may be added to the stack as a failsafe in the case of high risk coiled tubing, drilling, workover, and snubbing operations. Shear Anything. Seal Instantly. Ultimate Reliability.