| Date | Event | | 1999 | FLEXIT was founded by Claes Ericsson and Birgitta Örtenblad-Ericsson, to develop an advanced borehole survey system known as the SmartTool System. | | 2000 | The first series of SmartTools, the SingleSmart and MultiSmart, were launched. | | 2001 | Capabilities of the SmartTool system were enhanced, to included improved software, the introduction of the StoreIT data pad to run Singleshot and Multishot surveys and upgrading the SensIT survey instrument with shock proof accelerometers. | | 2003 | Version 2.0 of the Flexit SmartTool survey software was released. | | 2005 | Based on a series of conceptual studies and feasibility trials, conducted during 2004, the new generation of gyro based SmartTool systems commenced in January 2005. | | 2006 | The new generation of gyro based SmartTools was launched as the GyroSmart system at PDAC'06 in Toronto. | | 2007 | In May, FLEXIT was acquired by Imdex Limited, a global supplier of drilling products and services to the mining and exploration industries. | | 2008 | Imdex acquires German based company Systems Entwicklungs GmbH (SEG). | | 2008 | Flexit focuses its efforts in the energy sector with its range of advanced instrumentation for oil and gas applications. | | 2009 | Flexit's subsidary, Flexit AB, officially changed its name to Imdex Technology Sweden (ITS). | | 2009 | Flexit’s High Temperature Gyro-Smart Surveying System (HTGS) is developed to measure at all inclinations in magnetic and non-magnetic wellbores. |
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