Wattics, a University College Dublin spin-out company, has been announced as a finalist for the Irish Times InterTradeIreland Innovation Awards 2012. Wattics is headquartered at NovaUCD, the Innovation and Technology Transfer Centre. Wattics has developed an innovative ‘smarter metering’ system for businesses. It utilises a software solution to manage their energy consumption via a single metering sensor ‘clipped’ onto a main electricity switchboard.
The system provides businesses with insights into their energy usage down to an individual appliance or machine level. Using the resulting data businesses can identify energy inefficiencies within their businesses enabling them to take action to significantly reduce their electricity bills. Clients of Wattics’ smarter metering system already include; Jurys Hotel Group, KPMG, OPW, Norfish Ltd and Mandat International, Geneva.
Wattics was founded by Dr Antonio Ruzzelli, Anthony Schoofs and Alex Sintoni as a spin-out company from UCD’s School of Computer Science and Informatics and the CLARITY Centre for Web Sensor Technologies. The company is currently fund raising and plans to employ 15-25 people within the next 2-3 years.
Wattics has been shortlisted in the Innovation in the Application of R&D category along with Cellix and X-Bolt Orthopaedics.
Now in its third year, the Irish Times InterTradeIreland Innovation Awards aim to recognise and promote the best service, product or operational innovations throughout the island. For further information visit www.wattics.com.