July 24, 2019
Fracta and Toho Gas start a Proof of Concept to predict gas pipeline deterioration
“World First” Utilizing over 1,000 environmental variables to predict gas pipeline deterioration
REDWOOD CITY, Calif., July 24, 2019 /PRNewswire/ — Fracta, a California corporation and Toho Gas Co., Ltd. (Toho Gas) have reached an agreement to perform a Proof of Concept (PoC) using Fracta’s proprietary algorithm to predict the condition of gas pipelines belonging to Toho Gas from August 2019. The Artificial Intelligence (AI) powered algorithm will utilize over 1,000 environmental variables to assess the condition of the gas pipelines, the first undertaking of such in the world.
Fracta is a US based company, born as a technological venture in the Silicon Valley of California. Fracta utilizes AI, notably Machine Learning to predict the remaining useful life and therefore the optimal replacement time of water main pipes using information of the pipes such as age, material, install year and break history combined with environmental such as soil, weather and population. This information helps Fracta’s current over 40 customers in 20 states in the United States of America to maximize their capital expenditure on replacing the correct old pipes with the least remaining useful life.
Toho Gas as an energy provider has strived to provide a stable undisrupted supply and safety to its customers by categorically and methodically replacing the old gas pipes in their system over the years.
To increase the efficiency of Toho Gas’s capital expenditure for replacing the old pipes, Fracta will utilize the data collected rigorously by through inspections and compilation of data by Toho Gas on their pipeline in line with Fracta’s proprietary environmental database and its cutting edge AI algorithm used in water mains prediction to refine a new algorithm to predict the deterioration of gas pipelines. The PoC is expected to be completed by end of 2019.
Once the PoC for the algorithm is finished and it’s shows sufficient accuracy, it will be incorporated into a new gas pipeline deterioration prediction software and hopefully will be deployed within all Japan.
June 25, 2019 10:48 ET
SUEZ PARTNERS WITH FRACTA TO PROVIDE LEADING-EDGE TECHNOLOGY TO ENHANCE PIPE ASSET MANAGEMENT PROGRAM
Managed Service Partnership Enables SUEZ to Incorporate Leading Edge Artificial Intelligence with Condition Assessment to Mitigate Aging Water Infrastructure Risk
Atlanta, GA., June 25, 2019 (GLOBE NEWSWIRE) — SUEZ North America has entered into a managed partnership agreement with Fracta, a market leader in applying Machine Learning to assess aging water infrastructure, which enables SUEZ to incorporate Artificial Intelligence (AI)-based condition and risk assessment technology into the delivery of its pipe asset management programs in the United States.
SUEZ North America is the nation’s second largest environmental services firm, supplying water, wastewater and waste management solutions to 6.6 million people daily. Fracta uses Artificial Intelligence, specifically Machine Learning, to assess the condition and risk of drinking water distribution mains. Fracta received the Best Market Strategy Award at the 2019 BlueTech Forum, held last week in London.
“SUEZ is committed to delivering smart solutions based on the best available technologies and providing the highest quality service to its customers across North America. Fracta’s machine learning technology further enhances our range of digital solutions (AQUADVANCED™, OPTIMIZER™) dedicated to water networks performance, providing valuable insight to the development of the most effective pipe asset management programs for our customers. By focusing rehabilitation and maintenance efforts on the pipes that have the highest likelihood of failure, we help customers extend the life of their water distribution system while making the most of their budget,” explained Catherine Ricou, Chief Operating Officer for SUEZ North America. SUEZ’ pipe asset management program, marketed by its Advanced Solutions division, provides turnkey solutions to help water utilities optimize the maintenance protocol for their distribution systems – and maximize the impact of their related budgets – according to the status of pipes and predicted performance in various locations within the network.
The program leverages the power of best-of-breed technologies like Fracta’s sophisticated Likelihood of Failure product that enables utilities to make fast, accurate, and affordable risk-based asset management decisions about buried water main infrastructure. Fracta’s technology analyzes the health of pipes throughout the distribution system and uses Artificial Intelligence to assess pipe failure in various locations. Its architectural framework can readily integrate with other important software applications used by water utilities for Enterprise Asset Management, Computerized Maintenance Management Systems, and Hydraulic Modeling.
Using extensive data gathering, analysis and validation, SUEZ then develops a remediation plan for these buried assets that may call for pipe replacement, pipe repair using technologies such as Spray-in-Place pipe rehabilitation, or Ice Pigging to clean and remove sediment and other materials from pipes. Focusing on those areas within the network at highest risk of failure helps prevent disruptions and even more costly repairs, and allocate expenditures in an ordered way that will yield the greatest return on investment.
“The SUEZ-Fracta partnership brings two innovative companies together to enhance service offerings to water utilities and industries, allowing them to be more proactive and cost effective with rehabilitation and replacement initiatives of their water distribution systems,” said Doug Hatler, Fracta Chief Revenue Officer, “Across the U.S., an estimated 240,000 water main breaks occur each year. It is important to get in front of breaks before they occur.”
May 20, 2019
AI-powered Water Main Condition Assessment Software Development and Business Expansion into the UK
REDWOOD CITY, Calif., May 20, 2019 /PRNewswire/ — Fracta and Marubeni Corporation (hereinafter “Marubeni”), a Tokyo Corporation, will conduct a Proof of Concept to develop a water mains condition assessment software which predicts the likelihood of water mains’ failure in the United Kingdom (hereinafter “the POC”) with Northumbrian Water Group (hereinafter “NWG”; in North East Region of England, UK).
In Europe, especially in developed countries, water main pipes are aging and reaching their end of useful life, which leads to increasing demand for efficient replacement, maintenance and operation of water mains. In January 2019, Fracta and Marubeni became partners with the aim to expand Fracta’s US based water mains likelihood of failure prediction software to Europe.
Fracta and Marubeni decided to start with development of the software in the UK, which has one of the highest standards for efficient water management in the world, and have come to an agreement with NWG, where NWG will provide data from their 26,000km water network to Fracta and Marubeni to prove the accuracy of their software algorithm. Through the analysis of the data, Fracta and Marubeni will develop compatible software for the UK market within 2019.
The software service developed by Fracta visualises water mains likelihood of failure by using Fracta’s algorithm which analyses the correlation of variables, including soil, climate and population density using machine learning and AI. This results in the significant reductions of capital investment by replacing the water mains that are most at risk efficiently.
Fracta has developed technology that predicts the likelihood of failure for water mains employing AI and machine learning. Fracta has provided its software services to optimize capital investment plans for water mains replacement to over 40 water utilities in 18 states across the US.
Marubeni commenced its water related business in the 1990s and is conducting water and wastewater concession business in Europe, Southeast Asia, and Latin America, as well as the wide range of experiences such as the engineering, procurement and construction, the operation and maintenance of water and wastewater plants, and water desalination projects by long-term agreement.
Starting with this POC, Fracta and Marubeni will contribute to the safe and robust water supply by solving the water pipes’ aging problems in Europe
March 21, 2019, 10:30 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. 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.”
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.
September 22-25, 2019
NEWWA Annual Conference
September 21-25, 2019
October 1-4, 2019
2019 IAM North American Conference
Wednesday, October 2 at 11:30am: The Business Case For AI, Machine Learning Condition Assessments
October 2-3, 2019
2019 Western Colorado Water & Wastewater Conference
Thursday, October 3 at 1:15pm: Applying Artificial Intlligence to Water Main Condition Assessments to Support GASB 34’s Modified Approach – Dylan Winbourn, Regional Sales Director, Fracta, Inc.
Grand Junction, CO
October 9-11, 2019
AWWA Intermountain Annual Conference
October 9: Applying Artificial Intlligence to Water Main Condition Assessments to Support GASB 34’s Modified Approach – Dylan Winbourn, Regional Sales Director, Fracta, Inc.
Sun Valley, ID
October 20-23, 2019
AWWA WIC 2019
St. Louis, MO
October 29-30, 2019
World Water-Tech North America
Los Angeles, CA
November 6-9, 2019
2019 NSAWWA Fall Conference
Wednesday, November 7 at 11:15am: Applying Artificial Intelligence to Water Main Condition Assessments to Support GASB 34’s Modified Approach – Dylan Winbourn, Regional Sales Director, Fracta, Inc.
December 3-5, 2019
North American Water Loss 2019