NEW YORK, March 10, 2020 /PRNewswire/ -- WINT has been named to Fast Company's prestigious annual list of the World's Most Innovative Companies for 2020.
The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today's fast-changing world. This year's MIC list features 434 businesses from 39 countries.
"Water leaks in commercial facilities and construction sites cause massive damage and cost owners, tenants and insurers billions annually. Moreover, ongoing water use in buildings is highly inefficient, with 25% of consumption typically going to waste. These issues have an enormous impact, both financially and environmentally," said Alon Geva, CEO of WINT. "Our solutions prevent water-leak damage and cut ongoing consumption by 20%-25%. This reduces our customers' costs and helps them conserve water, a resource that is increasingly in shortage across the world."
WINT uses artificial intelligence and pattern matching to detect water leaks and waste. It continuously learns and adapts to a building's water network to ensure detection and prevention are optimized for each site. When a leak is detected, WINT alerts staff and can automatically shut water off to prevent damage.
In addition to preventing damage, WINT detects and alerts staff of ongoing waste from sources such as malfunctioning devices and unnoticed non-damaging leaks. Organizations that use WINT report savings of 20% to 25% of their ongoing water consumption, helping them reduce their environmental footprint and improve their sustainability stance.
WINT solutions are successfully deployed at thousands of locations worldwide and have won multiple awards including the Energy Managers' Association Award and the Insurance Times "Best Use of Technology" award. Reducing the risk of major property damage from burst pipes and undetected leaks has enabled organizations to avoid costly water damage, lost productivity, and increased insurance premiums while reducing their ongoing water consumption and environmental footprint.
Fast Company's editors and writers sought out the most groundbreaking businesses on the planet and across myriad industries. They also judged nominations received through their application process.
The World's 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.
"At a time of increasing global volatility, this year's list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond," said Fast Company senior editor Amy Farley, who oversaw the issue with deputy editor David Lidsky.
Fast Company's Most Innovative Companies issue (March/April 2020) is now available online at fastcompany.com/most-innovative-companies/2020, as well as in app form via iTunes and on newsstands beginning March 17, 2020. The hashtag is #FCMostInnovative.
ABOUT WINT WATER INTELLIGENCE WINT is passionate about helping the world conserve one of its most precious resources, and the company is dedicated to helping businesses prevent the hazards, costs and waste associated with water leaks. Utilizing the power of artificial intelligence, the convenience of high-speed cellular data connections and smart shut-off valves, WINT provides an all-in-one solution for commercial facilities management teams looking to eliminate the fear of water-leak disasters and ongoing water waste. For more information, please visit www.wint.ai or email [email protected].
ABOUT FAST COMPANY Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Since 2011, Fast Company has received some of the most prestigious editorial and design accolades, including the American Society of Magazine Editors (ASME) National Magazine Award for "Magazine of the Year," Adweek's Hot List for "Hottest Business Publication," and six gold medals and 10 silver medals from the Society of Publication Designers. The editor-in-chief is Stephanie Mehta and the publisher is Amanda Smith. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.