Mr. Banica is a serial entrepreneur who founded two successful technology ventures in the last 20 years. The first was an electronics engineering company which designed a number of advanced oil and gas and space satellite systems and was acquired in 1999 by Belgium based Rhea Space Systems.
His second enterprise, publicly listed Synodon Inc., is an advanced remote sensing company which successfully commercialized a methane sensing technology originally deployed on a NASA satellite by the Canadian Space Agency. The resulting helicopter based system called realSens™, is used primarily by oil and gas pipeline operators to detect leaks and emissions from their networks as well as other potential integrity issues. Mr. Banica has helped secure over $25 million in financing for the venture and assembled a strong management team to design, develop, commercialize and sell the resulting services directly to US and Canadian pipeline operators.