In the water industry, an historic but mistaken perception that water is cheap has led to chronic under investment, with the sector losing up to 50% of water in distribution. This is a colossal waste. In an era of declining water tables, drying rivers, and depleted aquifers, change is necessary.
Our research indicates that industry-termed, Non-Revenue Water (NRW), is much higher than it needs to be. Throughout the world’s cities, preventing breaches and bursts in water pipes would ensure for the first time that local governments can adequately meet the 2010 United Nations Mandated Resolutions on the 'Human Right to Water and Sanitation'. Instead of forcing many in lower socioeconomic countries to walk miles for water, we could bring it to their doorstep; instead of rationing water, we could make supply plentiful; instead of consumers struggling to pay their bills because of limited supply, we can increase supply and make bills affordable. These are the opportunities CIPPS™ WX100 unlocks.
Datatecnics’ CIPPS™ WX100 technology, in effect, represents the hidden 'third' source of water for our ecologically-stressed cities. We do not have to continue on the path of unsustainably depleting freshwater supplies and abusing our oceans. We can start conserving and managing our already established water sources much better.
CIPPS™ WX100 is the world's first system that through use of intelligent materials and innovative electronics can directly monitor the condition of pipelines at a molecular level, in real-time. Alongside our complementary product System 10, CIPPS™ WX100 will help make water abundant again wherever it is implemented. By monitoring bursts and leaks and even predicting them before they occur, pipeline structural failure will no longer continue to diminsh operators' profits. Current NRW of 50% will drop significantly offering an array of benefits for economies, industries, businesses and end-users.
The energy industry is the single largest sector in the world with a turnover of around $4 trillion each year. The prices we face as consumers at the gas pump may vary year-on-year but regardless of the supply-demand differential that exists at any given moment, an over-riding fact remains - energy remains the enabler of all other industries worldwide. It is the undisputable cornerstone of the modern global economy.
Within the sector, pipelines have historically been viewed as mere conduits for the distribution of hydrocarbons. In earlier decades, this may have been accurate. Today, however, that view represents a glaring oversight within the energy community and a sizeable opportunity for innovators in the market.
Today, the world’s current network of over 2 million miles of extant O&G pipes, representing $3 trillion in total replacement value, requires considerable investment. As these pipes age, corrode and fail, they are simply no longer fit for purpose.
We want to help the energy industry in their endeavours to overcome our growing environmental challenges. We recognize that end-users, operators and local communities can no longer tolerate oil spills as by-products of the pipelines on their doorstep. We want to make the world's pipelines 'environmentally-friendly' for the first time.
With CIPPS™ EX100, our revolutionary pipeline system, we will be able to predict spills before they occur, monitoring structural integrity on a minute scale, in real-time. Instead of hundreds of leaks reported across the world every year, we want to create a truly 'Zero-Fail' system. Only through such practice, in today's day and age, will modern pipeline projects be supported by government and survive in an environmentally conscious world.