August 9, 2023 Ι Oldcastle Infrastructure announced its entry into the smart water market through a strategic partnership with FIDO Tech, a UK-based Artificial Intelligence (AI) and technology solutions provider, to deliver unparalleled leak detection and broader water management and conservation solutions in the United States.
The United States loses roughly two trillion gallons of treated drinking water annually, costing municipalities, government agencies and water districts an estimated $7.5 billion1. Oldcastle Infrastructure’s comprehensive suite of smart water solutions, powered by FIDO Tech’s advanced technologies with actionable AI at the core, will provide municipalities, water utilities and industrial clients with 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’s AI-led non-revenue water (NRW)2 detection service across the US market. This will allow more US utilities to benefit from FIDO Tech’s current leakage reduction levels of more than 50%.
“We are excited about this partnership and its impact on the water infrastructure technology market as a whole,” said Jeff Petrosky, vice president strategic marketing, Oldcastle Infrastructure. “Our nationwide footprint and expertise in water management solutions combined with the smart AI-based technology FIDO Tech brings to the table, creates a game-changing solution designed to minimize water leakage and preserve our most valuable resource.”
AI revolution in smart water technology
“Solving non-revenue water losses is a quantifiable and guaranteed way to improve water availability and security,” said Victoria Edwards, Co-Founder & CEO, FIDO Tech. “Leading the AI revolution in water, FIDO Tech is delighted to partner with Oldcastle Infrastructure for their proven expertise and 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 optimize operations and prioritize leaks ahead of a catastrophic system failure, reducing repair costs and downtime. The partnership between Oldcastle Infrastructure and FIDO Tech reinforces the shared commitment of both companies to sustainability, resilience, and technological innovation. By harnessing the power of their combined expertise, Oldcastle Infrastructure and FIDO Tech aim to transform water management practices and contribute to building a more sustainable future.
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