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.
About Fracta:
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Company Name
Fracta
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Established 2015
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Head Office
California, US (Silicon Valley)
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Number of Employees 35 employees (as of February 2019)
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Representative
CEO: Takashi Kato
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Description of Business Software service of predicting water
main degradations based on AI and
machine learning
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HP
https://fracta.ai/
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About Marubeni:
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Company
Name
Marubeni Corporation
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Established 1949
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Head
Office
Tokyo, Japan
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Number
of
Employees
4,436 (as of March 2018)
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Representative
President and CEO: Masumi Kakinoki
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Description Marubeni Corporation and its consolidated subsidiaries use their broad
of business networks, both within Japan and overseas, to conduct
Business importing and exporting (including third country trading), as well as
domestic business, encompassing a diverse range of business
activities across wide-ranging fields including food, agriculture &
chemicals, consumer products, power, energy & metals, machinery,
infrastructure & financial business. Additionally, the Marubeni Group
offers a variety of services, makes internal and external investments
and is involved in resource development throughout all of the above
industries.
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HP
https://www.marubeni.com/en/
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About NWG:
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Name
Northumbrian Water Group
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Established 1989
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Head Office North East Region of England, UK (Durham City)
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Number of Employees
3,128 employees (as of December 2018)
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Representative
CEO: Heidi Mottram
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Description of Business Water supply and wastewater services, water and
wastewater contracts, provision of technical and
consultancy services on water and environmental
issues
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HP
https://www.nwl.co.uk/
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SOURCE Fracta
