Oldcastle Infrastructure, an infrastructure solutions provider, 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 leak detection and broader water management and conservation solutions in the United States.
Through the partnership Oldcastle Infrastructure's suite of smart water solutions, powered by FIDO Tech's technologies, will provide municipalities, water utilities and industrial clients with real-time monitoring, leak detection and predictive analytics to address treated drinking water losses.
Oldcastle Infrastructure will facilitate and accelerate the rollout of FIDO Tech’s non-revenue water (NRW) detection service across the U.S. market. This will allow more U.S. utilities to benefit from FIDO Tech’s current leakage reduction solutions.
“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.”
“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 system failure, reducing repair costs and downtime.