Singapore International Water Week (SIWW) Announces Winners of the BlueTech Awards
June 1, 2014 – Singapore – The 2014 TechXchange at Singapore International Water Week (SIWW) announced the winners of the BlueTech Awards from its TechShowcase session today. In this year’s competition, Singaporean-based Medad Technologies received the BlueTruffle™ Award and American-based Puralytics won the Disrupt-o-Meter™ Award.
Companies participated in the TechShowcase at the TechXchange, which provided a platform for innovative companies to connect with potential partners and investors from around the world. Overall, this technology showcase featured 11 start-up and growth stage companies that presented their disruptive water technologies and business pitch. Delegates then rated each company on the strength of a company’s market strategy for the BlueTruffle Award and the disruptive potential of its technology for the Disrupt-o-Meter Award.
BlueTruffle Award winner Medad Technologies offers a hybrid multiple effect distillation (MED) and adsorption desalination (AD) technology, which utilizes low-grade waste heat to reduce thermal desalination costs by up to 50%. This is a particularly important innovation as it addresses the expanding market need for desalination technologies and helps address energy footprint issues with current systems.
Joseph Ng, CEO, accepted the award on behalf of Medad Technologies. “Medad is honored and grateful to win the BlueTruffle Award,” said Ng. “We believe this important recognition will help to support the company’s go-to-market strategy.”
Disrupt-o-meter Award winner Puralytics was recognized for its light-activated nanotechnology water purification, implemented in three product lines, the LED powered Shield system, the floating sunlight activated LilyPad, and the SolarBag, a personal water purifier used in 59 countries. As a passive purification process, the Solar Bag provides a cost effective solution for many uses, including outdoor recreation, emergency preparedness, military individual water purifiers (IWPs) and in the developing world.
Mark Owen, CEO, Puralytics said “We are honored by this recognition from industry leaders and investors of our innovative technology and are excited by the new partnerships resulting from this awareness.”
Paul O’Callaghan, CEO of BlueTech Research, remarked that the line-up of Singaporean and international companies at the 2014 TechXchange represented an exciting cross-section of what’s new and up and coming in the world of water innovation. As a co-host of the Innovation Pavilion Workshop with Rethink Events and Singapore PUB, BlueTech was involved in the rigorous selection process to determine which companies could participate in the TechShowcase and Innovation Pavilion.
“It was truly an honor to be surrounded by such a dynamic group of companies in both the TechShowcase and Innovation Pavilion,” said O’Callaghan. “It showcases how technology is evolving across a diverse range of areas, including advanced biotechnology, nanotech membranes, micro-fluidic electro-desalination and online sensors. The Innovation Pavilion provided a glimpse into how these technologies will not only meet the current needs of the market, but shape and impact it in the medium and long-term.”
As winners of the BlueTech Awards, Puralytics and Medad Technologies will be featured in the 2014 WEFTEC Innovation Showcase in New Orleans, USA in late September. Winners will also be provided a one-year subscription to the BlueTech Intelligence Service, featuring analyst-directed advisory services, technology assessments, and a suite of BlueTech product offerings.
For more information on the BlueTech Awards at the TechXchange, including the Disrupt-o-Meter™ and BlueTruffle™ Award winners, please visit: www.bluetechresearch.com.