Wattics, the NovaUCD-based energy management company, has been named the Best Emerging Company in Ireland at the final of the 2012 InterTradeIreland Seedcorn all-island business competition. In addition to the award Wattics won a €50,000 cash prize.
InterTradeIreland’s Seedcorn competition aims to recognise and promote the best early-stage companies across the island of Ireland. It is the largest business competition on the island and is viewed by those in the industry as a strong indicator of companies to watch in future.
Wattics, a spin-out from University College Dublin, has engineered an innovative software solution that connects to off-the-shelf smart meters and discreetly decodes energy patterns of individual electrical loads demonstrating energy savings for businesses.
The solution works with electrical, gas, water and heat meters used in industrial and commercial sites and deliver pioneering insights to deeply diagnose power use and alert in real-time if a machinery or set of appliances are experiencing energy inefficiency. The system demonstrated to significantly reduce energy cost in industrial and commercial settings and to provide a very quick return on investment for the customer.
Wattics was founded in 2011 by Dr Antonio Ruzzelli, Anthony Schoofs, Alex Sintoni and Seamus Porter as a spin-out company from UCD’s School of Computer Science and Informatics and the CLARITY Centre for Sensor Web Technologies.
CAPTION:
Wattics CEO, Dr Antonio Ruzelli and Hubert Brown-Kerr of InterTradeIreland.