Oasys Water Named World Economic Forum Technology Pioneer 2014
Boston – Aug. 28, 2013 – Oasys Water, a world leader in innovative solutions for water treatment and desalination, today announced that it has been honored as a prestigious 2014 World Economic Forum Technology Pioneer.
Oasys Water’s technology is helping to solve one of the world’s most critical issues: water scarcity. By 2030, it is projected that the demand for fresh water will be more than 40% greater than the available supply. Experts agree that desalination and water reuse of saline and impaired waters can help to close this gap and increase fresh water supplies. Historically, the performance limitations of these approaches coupled with their high costs have severely limited their acceptance and applicability. Oasys’ highly patented forward osmosis technology platform offers up to an 80% reduction in cost when treating these challenging waters, effectively turning today’s wastes streams into tomorrow’s fresh water for companies and countries everywhere.
“Oasys’ technology is truly transformational, and we are focused on delivering solutions that significantly increase the availability of fresh water around the world”, said Jim Matheson, President and CEO of Oasys Water. “The Oasys Team is honored that the World Economic Forum has chosen us to be part of this exclusive group of pioneers, and we are proud to represent the water industry in the Forum Community.”
Technology Pioneer companies are nominated by Members, constituents and collaborators of the World Economic Forum, and by the public. A selection committee, comprised of top technology and innovation experts, academics and venture capitalists, reviews all applications before making its recommendation to the World Economic Forum. This year, 36 of the world’s most innovative technology companies are being recognized for their potential to transform the future of business and society.
Previous Technology Pioneers include Google, Mozilla Corporation, Wikipedia, Twitter, Dropbox, SoundCloud, Qifang, TaKaDu, NetQin, 23&Me and BloomEnergy.
This year’s Technology Pioneers will be awarded for their achievements during the Forum’s Annual Meeting of the New Champions 2013 in Dailan, China from September 11-13. The meeting brings together leaders from top-ranked multinationals and chief executive officers of dynamic and fast-growing companies.
About the World Economic Forum
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests. www.weforum.org. www.weforum.org/techpioneers