American Water Awarded Contract from Israel-U.S. Binational Industrial Research and Development Foundation
July 01 2015 - 4:41PM
Business Wire
American Water (NYSE: AWK), the nation’s largest publicly traded
water and wastewater utility company, today announced it is a
partner to an $800,000 award to partially fund a $2 million, 2-year
project, along with IOSight, Ltd., from the Israel-U.S. Binational
Industrial Research and Development (BIRD) Foundation. The award is
for the research and development of decision support systems to
improve the efficiency of treatment plant operations.
This research project will develop data analysis tools within a
data management and reporting framework at water and wastewater
treatment plants to identify operating efficiencies and potential
cost savings. The proposed smart water management systems will
develop and integrate comprehensive data management, data analysis
and reporting systems covering the major processes performed in
plants. This will allow plant operators to leverage the smart water
management system reports and analytics to create improved,
streamlined and more efficient operations. While focusing on single
locations for water and wastewater, the research results will be
useful to the larger North American water utility sector. Areas of
improved efficiency will include chemical addition, energy, and
preventive maintenance.
“Increasing operational efficiency is a major priority at
American Water and for many utilities around the world," said Dr.
Mark LeChevallier, director of Innovation and Environmental
Stewardship at American Water. “While across our industry treatment
plants are equipped with a multitude of sensors and collect a lot
of data, most utilities do not make efficient use of this. Thus, it
can be said that we are data rich, but information poor. The
innovation will allow us to better harness the data that we do
collect and enable us to make actionable decisions to improve
operations and save money, which ultimately benefits our
customers.”
This is the second BIRD Foundation award for American Water and
the first for IOSight, Ltd.
About BIRD Foundation
The Israel-U.S. Binational Industrial Research and Development
(BIRD) Foundation works to encourage cooperation between Israeli
and American companies in the various areas of technology, and
provides free assistance in locating strategic partners from both
countries for developing joint products.
The BIRD Foundation supports projects without receiving any
rights in the participating companies or in the project itself. The
financial assistance is repaid as royalties from sales. The
Foundation provides support of up to 50 percent of a project’s
budget, beginning with R&D and ending with the initial stages
of sales and marketing. The Foundation shares the risk and does not
demand that the investment be repaid if the project fails to reach
the sales stage.
About IOSight Ltd.
IOSight is an innovator and a market leader in the field of
infrastructure facility management. IOSight provides cost effective
BI/data management and reporting solutions for medium-to-large
water and energy infrastructure facilities reducing costs,
improving efficiency, increasing productivity, saving energy and
delivering regulatory compliance.
Active in the water and energy sectors since end of 2007,
IOSight has more than 60 successful installations in the world’s
largest desalination plants, water utilities, wastewater treatment
plants and power production facilities.
About American Water
Founded in 1886, American Water is the largest and most
geographically diverse publicly traded U.S. water and wastewater
utility company. With headquarters in Voorhees, N.J., the company
employs 6,400 dedicated professionals who provide regulated and
market-based drinking water, wastewater and other related services
to an estimated 15 million people in 47 states and Ontario, Canada.
More information can be found at www.amwater.com.
Click here to subscribe to Mobile Alerts for American Water.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150701006614/en/
American WaterDenise Venuti FreeExternal Communications
Manager856-309-4690denise.free@amwater.com
American Water Works (NYSE:AWK)
Historical Stock Chart
From Mar 2024 to Apr 2024
American Water Works (NYSE:AWK)
Historical Stock Chart
From Apr 2023 to Apr 2024