Rezatec wins Most Innovative Technology award two years running at Utility Week Live
Harwell, Oxfordshire, 25th May 2018 – Rezatec, the leading provider of geospatial data analytics to the Infrastructure, Forestry and Agribusiness sectors, is very pleased to announce that it has won the ‘Most Innovative Technology’ award - for the second year running - at the Big Water Pitch run by Isle Utilities at Utility Week Live 2018 at the NEC, Birmingham.
The Isle innovation competition features a range of exciting and ground-breaking technology companies from all over the world, aiming to solve complex problems in the water utilities sector. Finalists were pitched against each other in this fiercely fought competition and asked to present a seven-minute pitch in front of a panel of distinguished industry judges.
The judges decided that Rezatec’s geospatial analytics, utilising satellite-derived earth observation data to provide utility companies with critical decision-support tools, offered the most potential and was the most innovative technology in the competition. Piers Clark, Chairman, Isle Group, commented, “In winning this prestigious award Rezatec has clearly demonstrated (for the second year in a row), that they are a truly disruptive and innovative technology that is capturing the interest of utility clients across the UK and beyond.”
Rezatec’s Asset Risk Monitoring Service is an effective early warning tool providing regular alerts and enabling the targeting of ground survey teams and sensors, that can be applied to clean and waste water pipelines, and other assets such as aqueducts, dams and reservoirs.
Philip Briscoe, Chief Operating Officer, Rezatec responded, “A recent report from the UK’s Environment Agency, stated that enough water to meet the needs of 20 million people is lost through leakage every day. Geospatial analytics is proving to be a very viable technology to complement existing methods of asset management to provide a regular monitoring service across networks to act as an early-warning system to detect risk that then enables more efficient second-level targeting and ultimately more effective asset management”.
The Rezatec service incorporates frequently updated satellite-based observations, derived from the interpretation of optical and radar data; asset network information on pipe material, depth and age; and geospatial data for the area of interest such as soils, geology, elevation, drainage, temperature and precipitation into a sophisticated risk model using machine learning techniques to highlight areas of high risk.
Any Risk Zones are presented as color-coded hotspots with a classification of high, medium or low priority based on the expected likelihood of an incident occurring, and their status is routinely updated as new satellite data becomes available or remedial/maintenance action is undertaken.
Based in the UK, Rezatec provides its geospatial analytics in the Water, Infrastructure, Forestry and Agriculture sectors, in North and South America, Asia Pacific and Europe.