UTILIS has been bestowed a significant acknowledgement by Fast Company recently having announced its annual ranking of the world’s Most Innovative Companies (MIC) for 2018. The annual list honors leading enterprises and rising newcomers that exemplify the best in business and innovation. UTILIS was included on the Top 10 Most Innovative Companies in Israel list.
6 Billion gallons of drinking water are lost every day. In addition, 240,000 water main leaks occur throughout the year in North America alone. This massive loss of water grows every year due to aging infrastructure around the world. As our world population grows drinking water is a strained precious resource and places a basic human right at risk.
UTILIS uses satellite imagery technology to help cities efficiently locate underground leaks within municipal piping systems. The technology works with microwaves emitted by satellites that penetrate the Earth’s surface by up to 3 meters (nine feet). The signal then bounces back up to the satellite with a signature trait that identifies treated water in contact with soil. These underground pools of water are then placed on geographic info system maps that water utility staff use via access on their mobile devices or computers. A targeted leak would mean that leaks would be occurring within a 50-meter (165 feet) radius of the location on the map. By using this technology, utilities may find up to 4x’s more leaks per day than traditional leak detection methods, thus attacking non-revenue water losses.
Fast Company's Most Innovative Companies Top 10 lists recognize pioneering companies across 36 categories, from artificial intelligence to wellness. More than three dozen Fast Company editors, reporters, and contributors surveyed thousands of companies—many of which were identified by a new MIC submission process—to create these lists.
“Being chosen as one of Fast Company's Most Innovative Companies is a prestigious honor, and we are delighted to be recognized in such a manner,” said Elly Perets, CEO of UTILIS. “Water infrastructure and its precious commodity is a basic human right. Around the world our drinking water systems are crumbling with crushing costs associated to replacing and repairing of these systems. UTILIS satellite innovation brings the most efficient and cost-effective way to fix and repair drinking water systems in the industry today,” said Perets.
Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy. “This year’s MIC list is an inspiring and insightful window into how many companies have embraced innovation and are working to make meaningful change,” said Fast Company deputy editor David Lidsky, who oversaw the issue with senior editor Amy Farley.
About UTILIS Ltd.
UTILIS is the only patented technology using satellite microwave technology to penetrate soil and search for drinking water associated with leaking pipes. As the world’s only drinking water leak detection patented, their algorithm is uniquely focused on bringing remote sensing technologies to the forefront of protecting our earth’s resources. This is a progressive and a ‘never before done’ focus on innovation in water industry. Headquartered in Rosh Ha’Ayin, Israel with a United States subsidiary in San Diego, CA, UTILIS is on the leading edge of innovation for utilities around the globe.
SOURCE: UTILIS Ltd.