CALGARY, April 3, 2017 /CNW/ – Pure Technologies Ltd. (“Pure” or the “Company”) (TSX: PUR) announces that it will deliver a presentation today to a group of operational research and management experts on the District of Columbia Water and Sewer Authority’s (“DC Water”) pipeline asset risk model. The machine learning model is based on available pipeline attributes and designed to prioritize future inspections allowing DC Water to manage their water pipelines with the lowest financial impact.
Craig Daly and Kate Zhao of Pure will present at Analytics 2017, hosted by the Institute for Operations Research and the Management Sciences (“INFORMS”). INFORMS is the largest society in the world for professionals in the field of operations research, management science, and analytics. Firms attending Analytics 2017 include Amazon, Boeing, IBM and other major technology and analytical companies. Selection to present at Analytics 2017 serves as validation of Pure’s advancing engineering services capabilities in delivering its Assess and AddressTM approach to utilities worldwide.
“With the increased focus on aging pipeline infrastructure and the funding gap needed for asset renewal, Pure is committed to delivering solutions that reduce overall replacement dollars for utilities,” said Travis Wagner, Vice President, Pipeline Management Group, of Pure. “Building upon the industry’s largest pipeline condition dataset, we are implementing advanced analytical models combined with our best-in-class technology portfolio to deliver unique and cost effective strategies for our clients.”
About Pure Technologies Ltd.
Pure Technologies Ltd. is an international asset management, technology and services company which has developed patented technologies for inspection, monitoring and management of critical infrastructure around the world. Pure’s business model incorporates four distinct but complementary business streams:
- Sales of proprietary monitoring technologies for pipelines, bridges and structures;
- Recurring revenue from data analysis, site maintenance, and from technology licensing;
- Premium technical services including pipeline inspection, leak detection and condition assessment;
- Specialized engineering services in areas related to asset management, primarily in the area of pipeline condition assessment for water and wastewater infrastructure.
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SOURCE Pure Technologies Ltd.
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