Oldcastle Infrastructure, a company in infrastructure solutions, announced its entry into the smart water market through a partnership with FIDO Tech, a UK-based artificial intelligence (AI) and technology solutions provider, to deliver leak detection and broader water management and conservation solutions in the US.
The US loses roughly two trillion gallons of treated drinking water annually, costing municipalities, government agencies and water districts an estimated US$7.5bn.[1] Oldcastle Infrastructure suite of smart water solutions, powered by FIDO Tech’s technologies with actionable AI, will provide real-time monitoring, leak detection and predictive analytics to address treated drinking water losses.
Leveraging its national footprint, Oldcastle Infrastructure will facilitate and accelerate the rollout of FIDO Tech AI-led non-revenue water (NRW) detection service across the US market. This will allow more US utilities to benefit from its current leakage reduction levels of more than 50%.
Jeff Petrosky, vice-president strategic marketing, Oldcastle Infrastructure, said, “Our nationwide footprint and expertise in water management solutions combined with the smart AI-based technology FIDO Tech brings to the table, create a solution designed to minimise water leakage.”
“Solving NRW losses is a quantifiable and guaranteed way to improve water availability and security,” added Victoria Edwards, FIDO Tech co-founder and CEO. “Leading the AI revolution in water, FIDO Tech is delighted to partner with Oldcastle Infrastructure for breadth of water infrastructure solutions to deliver smart water services across the North American market.”
Leveraging real-time data, municipalities, water utilities and industrial customers will be able to optimise operations and prioritise leaks ahead of a catastrophic system failure, reducing repair costs and downtime. This partnership reinforces the commitment of both companies to sustainability, resilience, and technological innovation. Both aim to transform water management practices and contribute to building a more sustainable future.
[1] ASCE. Infrastructure report card. <https://infrastructurereportcard.org/wp-content/uploads/2017/01/Drinking-Water-2021.pdf.>
