Pani Wins Distinction As Breakthrough Technology Company Of The Year At The 2023 Global Water Summit, Berlin Germany

We are thrilled to announce that Pani has been honored with the distinction prize in the Breakthrough Technology Company of the Year category at the 2023 Global Water Awards held during the Global Water Summit in Berlin. This recognition, voted for by the global water sector, signifies our commitment and the trust the water sector has placed in Pani's approach and the category of Operations AI for the water sector.

The Global Water Summit, hosted by Global Water Intelligence, brought together participants from over 40 countries and major companies such as Veolia, ABB, Schneider, Aquatech, Colgate, L'Oréal, and Aqualia. The summit highlighted breakthrough technologies like Pani's, future disruptive trends, and leading projects from around the world. The active participation of end customers in the voting process further emphasizes the industry's excitement and demand for our approach in establishing a new category of Operations AI for water management.

“What began as a hypothesis to address the technology gap in desalination and wastewater plants in early 2022, has transformed into a proven category of technology known as Process Operations AI (Ops AI) for treatment plants. With $8 million in seed funding and years of background research, we have developed a new technology layer on top of SCADA, which had been the state of the art until now.”, Devesh Bharadwaj, CEO, Pani. Within a year, Pani has doubled its team size, increased the number of facilities using its platform by over 2,000% in more than 10 countries, and demonstrated the impact of Ops AI on plant performance and operating risk. Our technology has shown to reduce operating costs by up to 15%, increase water production by up to 12%, predict compliance issues and downtime up to 30 days in advance, with trusted accurate predictions of over 94% based on third-party tests.

Pani has been deployed in various segments of treatment, including large desalination plants in the Americas and Saudi Arabia, wastewater treatment facilities in Europe, and industrial treatment plants in various industries such as food and beverage, pulp and paper, and mining. Pani has established relationships with over two dozen industry-leading brands, including Coca-Cola, Abunayyang, Aquatech International, Sawaco, Aditya Birla, Osmoflo, and the Orange County Water District. Additionally, Pani has received recognition from the BlueTech Forum Vancouver for "Best Go-to-Market Strategy," was named one of the “Top 5 Technologies for Net Zero" at GWS 2022, Madrid, by Isle Utilities, and has been listed in Cleantech Forum's Global Cleantech 100 for two consecutive years.

"Recognition for Breakthrough Technology Company Distinction by the global water sector is a testament to the hard work and commitment of the Pani team in accelerating the water sector's transition to sustainable treatment. I am proud of the team and continue to be inspired by their focus on decarbonizing the water sector leveraging AI," said Devesh Bharadwaj, CEO at Pani, in response to the honor.

Core to Pani's mission of reducing global emissions by 510 million tons per year by 2032 is the goal of enabling reduced emissions at large desalination and wastewater facilities. Pani also identified the need to accelerate the adoption of digital technology in emerging markets, which contribute to 65% of global emissions but often lack instrumentation and appreciation for decarbonization over other priorities. To address this, Pani engineered its product to allow facilities to adopt Ops AI based on their existing equipment, sensors, and resources, and evolve with them to maximize ROI and time to value. This strategy has proven to help facilities "leapfrog" several stages in their digital transformation. Pani estimates a 5-10X faster digital transformation compared to business as usual, opening doors to what has been an underserved market in an already digitally nascent global treatment sector.

About Pani
Canadian company Pani provides a cloud-based machine learning software platform to elevate the efficiency of industrial and city-scale desalination, water, and wastewater treatment plants. Pani's award-winning technology aggregates and ingests data from the plant, then analyzes, visualizes, and instructs operators on how to optimize their plant's performance to save time, resources, and the environment.