Business View Magazine | Volume 8, Issue 10

45 BUSINESS VIEW MAGAZINE VOLUME 8, ISSUE 10 FORGE TECH INC . especially when compared to traditional repair and retrofit solutions, a factor that is both a massive opportunity and a bit of an uphill task for Forge Tech. “When companies hear about our solution, they are cautious at first because of the novel nature of the solution and the compelling evidence we share,” says Buchan, “but when they do come around, they are astounded by the results.” He shares one example of a company with an external floating roof with significant corrosion and multiple active leaks. After burning through a million dollars over three months of working with four separate vendors, the company heard about Forge Tech and called them for a demo. Within two weeks of accepting the solution, Forge Tech had the leaks repaired and the customer’s tank up and running again. “This situation was unique because they had a tanker waiting off the Gulf of Mexico to offload, which was costing the customer $25,000 - $35,000 per day, at least $1.8M by the time we go there,” says Buchan. “Our fast turnaround time ultimately saved them hundreds of thousands in demurage charges from the tanker operators.” With such a fascinating story to date, Forge Tech appears to be on the cusp of massive growth over the coming years. “Due to our valuable stable of patents, we’ve had several parties interested in investing in the company,” reveals Buchan. “While that’s not off the table in the future, for now, our main focus is on building our revenue streams and extending our licensing partnerships globally.”