Utilis Earns Honors for Most Innovative Start-Up Companies in Israel, as Fast Company Announces World’s 50 Most Innovative Companies

UTILIS has been bestowed a significant acknowledgement by Fast Company announcing its annual ranking of the world’s 50 Most Innovative Companies (MIC) for 2018. This competition honors leading enterprises and rising newcomers that exemplify the best in business and innovation.

The 50 Most Innovative Companies were curated from Fast Company's Top 10 lists, which recognize pioneering companies across 36 categories, from artificial intelligence to wellness. UTILIS was one of the Top 10 Most Innovative Companies in Israel. More than three dozen Fast Company editors, reporters, and contributors surveyed thousands of companies to create these lists.

Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy. “This year’s MIC list is an inspiring and insightful window into how many companies have embraced innovation and are working to make meaningful change,” said Fast Company deputy editor David Lidsky, who oversaw the issue with senior editor Amy Farley.

“Being chosen as one of Fast Company's Most Innovative Companies is a prestigious honor,” said Elly Perets, CEO of UTILIS. “Each day around the world, six billion gallons of drinking water are lost due to aging and leaking infrastructure putting this precious and limited resource at risk. We are delighted to be recognized in such a manner for our innovation in addressing this serious global issue.”

UTILIS satellite innovation delivers the most efficient and cost-effective way to find specific infrastructure leaks so repairs can be prioritized and expedited. UTILIS uses satellite imagery technology to help cities efficiently locate underground leaks within municipal piping systems.

The technology works with microwaves emitted by satellites that penetrate the Earth’s surface by up to 3 meters (nine feet). The signal then bounces back up to the satellite with a signature trait that identifies treated water in contact with soil. These underground pools of water are then placed on geographic info system maps that water utility staff use via access on their mobile devices or computers.

A targeted leak would mean that leaks would be occurring within a 50-meter (165 feet) radius of the location on the map. By using this technology, utilities may find up to 4x’s more leaks per day than traditional leak detection methods, thus attacking non-revenue water losses.

Each year 240,000 water main leaks occur throughout North America alone.

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