Feb 05, 2019, 11:30 ET
Fracta Releases New Software To Quantify Financial And Non-Financial Risks Of Water Main Failures
Machine Learning, Condition Assessment Tool Adds Consequence of Failure (COF) and Business Risk Exposure (BRE)
REDWOOD CITY, Calif., Feb. 5, 2019 /PRNewswire/ — Fracta, a technology innovator applying Machine Learning to aging water infrastructure, has extended the capabilities of its market leading Fracta Likelihood of Failure (LOF) software to include Consequence of Failure (COF) and Business Risk Exposure (BRE). With LOF, COF and BRE, Fracta enables water utilities to assess and monetize the business risk associated with the failure of drinking water distribution mains.
• Fracta LOF determines the probability that a water main will fail.
• Fracta COF determines the consequences, or severity, of the failure.
• Fracta BRE uses LOF and COF to calculate the direct and indirect cost of water main failures.
Fracta’s approach provides an objective assessment and translates the results into financial terms that water engineers, planners and finance professionals can use to make fast, accurate and capital-efficient risk mitigation decisions about buried water main infrastructure. Request a demonstration today!
“Our interaction with almost 100 water companies over the last 2 years indicated that the industry was ripe for a change in how to approach water main replacement business risk,” said Joel Weingarten, Senior Vice President of Product and Engineering. “With our foundation in Machine Learning, it was a natural extension for us to apply it to financial quantification of failures.”
Fracta LOF, COF and BRE are part of the Fracta SaaS platform which is fully integrated with Esri’s market leading ArcGIS software. Municipal and investor-owned water utilities will be able to assess and visualize the Likelihood of Failure, Consequence of Failure, and Business Risk Exposure associated with aging water distribution water mains.
“Our integrated software platform also provides an architectural framework to readily integrate with other important software applications used by water utilities such as Enterprise Asset Management (EAM), Computerized Maintenance Management Systems (CMMS), and Hydraulic Modeling,” says Weingarten. “This way utilities can leverage past technology investments.”
Jan 30, 2019, 10:30 ET
Fracta Partners With Esri To Bring Innovation To The Water Industry
The partnership pairs Artificial Intelligence with GIS to mitigate aging water infrastructure risk
REDWOOD CITY, Calif., Jan. 30, 2019 /PRNewswire/ — Fracta, a market leader in applying Machine Learning to assessing aging water infrastructure, has announced a partnership with Esri®. The global Geographical Information System (GIS) technology leader, Esri implements GIS to solve complex problems.
Fracta’s SaaS platform uses Machine Learning to visualize, assess and monetize the risk associated with aging water distribution water mains and recommend capital efficient risk mitigation strategies.
Fracta and Esri will provide municipal and investor-owned water utilities a solution that visualizes and assesses the Likelihood of Failure, Consequence of Failure, and Business Risk Exposure associated with aging water distribution water mains. Fracta will exhibit at the Esri Water Conference February 4-6, 2019 in Nashville, TN. Visit Fracta at Booth #106.
The integrated software will enable these utilities to make fast, accurate and capital-efficient risk mitigation decisions about buried water main infrastructure. It will also provide an architectural framework to readily integrate with other important software applications used by water utilities for Enterprise Asset Management (EAM), Computerized Maintenance Management Systems (CMMS), and Hydraulic Modeling.
“With 90 percent of water assets being location-based and most water main pipe data stored in GIS files, the intersection of GIS and Machine Learning was inevitable for both visualization and analysis for aging infrastructure risk management,” said Takashi Kato, Co-founder, President and CEO of Fracta. “Moreover, the availability of digital asset data from GIS, CMMS and EAM systems supports a fully integrated asset management solution.”
Fracta is a Silver partner in the Esri Partner Network. The Esri Partner Network is a rich ecosystem of organizations worldwide that develop and deliver cutting-edge GIS solutions and services based on Esri technology. The global program is designed to reward partners for their commitment to Esri and meeting real-world customer needs.
“The Fracta-Esri partnership brings together two world class, best of breed technologies to deliver fast and accurate data driven condition assessment for the water industry. As a fully integrated technology partner, Fracta is now also connected to the entire Esri water ecosystem,” David Wachal, Director – Esri Global Water Practice.
Esri, the global market leader in geographic information system (GIS) software, offers the most powerful mapping and spatial analytics technology available. Since 1969, Esri has helped customers unlock the full potential of data to improve operational and business results. Today, Esri software is deployed in more than 350,000 organizations including the world’s largest cities, most national governments, 75 percent of Fortune 500 companies, and more than 7,000 colleges and universities. Esri engineers the most advanced solutions for digital transformation, the Internet of Things (IoT), and location analytics to inform the most authoritative maps in the world. Visit us at esri.com.
June 05, 2018, 11:00 ET
Fracta Unveils Its New Identity At The 2018 AWWA Annual Conference
The leader in the use of Artificial Intelligence for aging water infrastructure is capturing the attention of the US Water Industry
Fracta, Inc., a technology innovator Bringing Artificial Intelligence (AI) to Infrastructure, will unveil its new brand identity and the latest version of its revolutionary water main condition assessment software at the 2018 American Water Works Association (AWWA) Annual Conference & Exposition (ACE) at Mandalay Bay Resorts and Casino in Las Vegas, NV.
Fracta is capturing the attention of the US water industry with its digital condition assessment solution that uses Artificial Intelligence to determine the Likelihood of Failure (LOF) of drinking water mains. Public and investor-owned utilities are spending millions on water main rehabilitation and replacement programs. They want to make sure they are spending their capital as efficiently as possible to prevent expensive breaks and avoid rate increases. Fracta offers utilities and the engineering community another tool to help them do just that.
“We partnered with Fracta because they are working to identify the parameters unique to our agency for proactive pipe replacement,” said Patrick Walter, General Manager of Purissima Hills Water District. “We will be able to leverage Fracta’s innovation and a progressive approach to optimize our future CIP expenditures ”
Fracta will be an exhibitor at the AWWA ACE18 conference. Their team will be at Booth #28058. As a participant in the Imagine H20 2018 Accelerator, Fracta will also have a presence in the Innovation Lounge.
June 01, 2018, 11:00 ET
Fracta Inc. Receives Strategic Investment From Kurita Water Industries, Ltd.
New investment will increase global footprints of both organizations in municipal water infrastructure
Fracta Inc., a technology innovator Bringing Artificial Intelligence (AI) to Infrastructure, has announced a strategic investment from Kurita Water Industries, Ltd. The investment allows Fracta and Kurita to extend their leadership in the United States water industry, particularly to municipal and investor-owned water utilities.
Kurita’s investment totals approximately 37 million US dollars. Kurita will acquire the majority of the shares of Fracta, Inc. through the acquisition of issued shares and the subscription for new shares. Under the investment, the Fracta name and management will remain intact.
“We’re pleased with the strategic investment from Kurita,” said Takashi Kato, Co-founder, President and CEO of Fracta Inc. “Their global experience and leadership in the water treatment industry is vast and extensive, and their strategic investment will allow us to grow even further in the realm of water infrastructure and Artificial Intelligence.”
“Kurita’s investment gives us the opportunity to not only accelerate our penetration of the USA water market, it will help expand Fracta globally and apply our objective, big data-driven condition assessment method to other infrastructure assets,” said Lars Stenstedt, Co-Founder and COO of Fracta Inc.
Since 1949, Kurita has operated with the philosophy, “study the properties of water, master them, and we will create an environment in which nature and man are in harmony.” Already a global player in industrial water treatment, the investment in Fracta allows Kurita to enhance their offerings and expand into the municipal and investor-owned water utilities.
“We are delighted and very excited to be given this opportunity to invest in Fracta Inc.,” said Michiya Kadota, President of Kurita Water Industries, Ltd. “Through the investment, we would like to help the company grow and contribute to improving its corporate value. We believe that we will be able to operate a digital business that will create unprecedented, ‘unique value,’ by combining Fracta’s technologies with our unique products and services and thereby creating a synergy with the company.”
March 06, 2018, 10:03 ET
Fracta Inc. Selected As A Participant In Imagine H2O’s Exclusive 2018 Accelerator
The machine learning company is one of 13 water startups selected to the 2018 program, which highlights forward thinkers in the water solutions industry.
REDWOOD CITY, Calif., March 6, 2018 /PRNewswire/ — Fracta Inc., a technology innovator applying Artificial Intelligence (AI) – Machine Learning to drinking water utility infrastructure, has been selected as a participant in Imagine H2O’s 2018 Accelerator. Fracta is one of 13 water startups selected to the exclusive 2018 program.
Fracta offers a SaaS solution that uses AI-Machine Learning to assess the condition of drinking water distribution mains. Fracta calculates and visualizes the Likelihood of Failure (LOF) for every water main pipe segment. The LOF score represents the mathematical probability of pipe failure, enabling utilities to make smarter pipe replacement decisions. Fracta’s objective, big data-driven method is faster, more accurate and affordable than other desktop and physical condition assessment methods.
“Fracta has made exciting strides in the key area of utility management,” says Tom Ferguson, VP Programming of Imagine H2O. “The potential ROI to managers is highly compelling, and their early traction in the market reflects the importance of the main point they’re addressing. We’re excited to have them as part of the 2018 Accelerator.”
As a selected participant, Fracta will be honored at Imagine H2O’s WaterGala 2018 on March 14 in San Francisco. They also will begin a 10-month program that includes access to customer validation opportunities, mentorship and industry visibility.
“We are truly honored to be chosen as one of Imagine H2O’s 2018 Accelerator participants,” says Takashi Kato, co-founder and CEO of Fracta. “We are excited to help public and investor-owned water utilities optimize their infrastructure spend and reduce water loss, one of our most precious natural resources.”
January 10, 2018 11:00 ET
Utility Services Associates and Fracta, Inc. Bring Big Data and Machine Learning to Water Main Replacement
Partnership will help utilities save money and maximize water asset management.
REDWOOD CITY, Calif., Jan. 10, 2018 (GLOBE NEWSWIRE) — Fracta, Inc. and Utility Services Associates today announced a partnership to bring the power of big data and machine learning to the water industry, and help utilities save money and minimize water loss. As of January 2018, Utility Services Associates will offer Fracta leak detection technology, including Fracta-LT, which identifies key water mains causing a majority of water main breaks for utilities.
As water infrastructure in the United States continues to age, billions of gallons of non-revenue water are lost daily due to leaky pipes. In addition to wasting a precious resource, this puts a strain on utilities who are increasingly responsible for monitoring, locating and reporting water loss from their systems. Typically, 75 percent of water main-related leaks occur in just 25 percent of water main pipes, but identifying the worst pipes is often costly and challenging. Using Fracta-LT’s machine learning assessment to locate the worst-performing pipes can deliver three times the number of found leaks compared to a randomly chosen area. Focusing on the worst pipes with the highest likelihood of failure helps drive down operational costs and decrease non-revenue water loss.
“We believe this is going to revolutionize pipe condition assessment and the leak detection and water loss industry. It’s more important than ever to leverage the incredible technology available to help guide infrastructure decisions and ensure efficient spending,” said Rob Meston, President of Utility Services Associates. “Fracta embodies the kind of cutting-edge, cost-effective solution we’re committed to bringing our clients, and their product was a perfect fit for us.”
“It’s not an elephant but a gazelle that moves fast, grabbing innovative technologies and distributing to the market first. Today, machine learning helps water system operators detect leaks in water pipes more efficiently, much like CAD (Computer-Aided Design) did in designing water systems in the 1970s,” said Takashi Kato, CEO & cofounder of Fracta, Inc. “Utility Services Associates is the ideal, trusted partner for us to prove the value of this technology. Together, we are committed to providing the best solution to help water utilities in the United States.”
The partnership demonstrates the water industry’s growing demand for efficient, technology-driven products like Fracta-LT, as well as Utility Services Associates’ continued commitment to intelligent and cost-effective solutions.
June 06, 2017 09:00 ET
Fracta Inc. to Speak at AWWA ACE17 with EBMUD
Fracta Inc. (previously HiBot USA) and East Bay Municipal Utility District discuss using machine learning and big data to optimize infrastructure investment decisions.
PHILADELPHIA, PA–(Marketwired – Jun 6, 2017) – AWWA ACE17 Booth #1841 – Fracta Inc. today announced that Co-founder and Chief Operating Officer (COO) Lars Stenstedt will speak at the American Water Works Association’s (AWWA) Annual Conference & Exposition (ACE17) in Philadelphia on Tuesday, June 13, at 10:40 a.m. Stenstedt will be joined by East Bay Municipal Utility District’s (EBMUD) Manager of Maintenance and Construction Clifford Chan to discuss how machine learning and big data can optimize infrastructure investment decisions.
Fracta is tackling the $1 trillion problem facing utilities by reimagining the ranking system relied on for pipe replacement decisions. Currently, decisions are made based on incomplete data points, resulting in an inefficient process that replaces healthy pipes and wastes utility dollars. As these pipes begin to reach replacement age, Fracta provides an intelligence tool that considers factors beyond age and leak history to better predict an individual cast iron pipe’s likelihood of failure.
Fracta’s solution aggregates data from multiple utilities around pipe material, age and location as well as national data about the soil quality, weather patterns and street slope. Then Fracta uses machine learning to analyze the data and discover patterns. The intelligence tool’s machine learning algorithm improves the accuracy of rankings and gives utilities a simple diagnosis of the system, along with the insight needed to develop an actionable plan.
At ACE17, Stenstedt will join industry leaders to discuss the current challenges facing the water community and learn about emerging solutions. The ACE17 program boasts 119 sessions covering topics of interest to the global water audience.
Meet Fracta Inc. at ACE17: To meet the Fracta team and learn more about the benefit of using machine learning to optimize infrastructure investment, please stop by booth #1841.
February 4-6, 2019
Esri Water Conference
March 2-4, 2019
Esri Partner Conference
Palm Springs, CA
June 9-12, 2019
July 8-12, 2019
Esri User Conference
San Diego, CA
July 21,24, 2019
ASCE Pipelines Conference 2019
October 20-23, 2019
AWWA WIC 2019
St. Louis, MO
September 21-25, 2019