In the first in a mini-series of videos about helium, Bo Sears, CEO of HeLIX Exploration PLC (AIM:HEX), discusses the indispensable role of helium in our modern world. Highlighting its extensive applications beyond just balloons and blimps, Sears explains how helium is crucial for high-tech industries, including semiconductor and fibre-optic manufacturing, and rocket launches.
He emphasises the critical nature of helium in medical technology, particularly in MRI machines which require liquid helium for superconductivity, noting that there is no substitute for helium in these applications.
Sears also touches on the logistical challenges of helium supply, mentioning that there are only two storage facilities worldwide for crude helium, making it a just-in-time inventory resource. Discover the unseen importance of helium in today's technology-driven world in this exclusive interview.