3M Invests in TaKaDu

  3M Invests in TaKaDu

   Investment pairs TaKaDu’s water network monitoring with 3M’s water pipe
                           rehabilitation solutions

Business Wire

ST. PAUL, Minn. & YEHUD, Israel -- October 16, 2013

Today, 3M New Ventures (3M’s corporate venture organization) announced an
equity investment in TaKaDu, a leading provider of advanced analytics services
to monitor water networks. The cloud-based solution offered by TaKaDu takes
available raw network data and uses sophisticated analytics to detect and
predict network issues, improve incidence response times and monitor and
mitigate operational issues in the water grid. The terms of the transaction
were not disclosed.

Founded by data analytics innovator, Amir Peleg, in early 2009, TaKaDu
transforms the way water networks are operated and managed. Instead of using
costly traditional methods, TaKaDu employs data fusion of raw network data
(flow, pressure, water quality and more) and enriches it with secondary data
(weather, GIS, calendar) while using advanced statistical algorithms to
identify deviations from historical patterns. This approach allows TaKaDu to
detect, classify and locate network inefficiencies including leaks, bursts,
faulty meters, and zone breaches. In addition to day-to-day alerts about
network inefficiencies, the solution provides utility owners with a holistic
view of their network, supporting smarter long-term planning decision making.

"We see 3M as an important strategic investment partner based on their focus
on underground utility locating and marking solutions, trenchless water pipe
rehabilitation, as well as their premium reputation in the infrastructure
protection market," said Amir Peleg, founder and CEO of TaKaDu. “Following
ABB’s strategic investment in TaKaDu last year, we are now excited about the
opportunity to add 3M to our existing relationships as we continue to scale
our solution to water network owners around the world and expand our
technology capability.”

3M has been a leader in infrastructure protection solutions for over 50 years.
Ryan Rogers, Global Business Manager - Water Infrastructure Renewal for
Electrical Markets Division of 3M, commented: “With 250,000 local water
networks worldwide and non-revenue water between 20% and 30% globally, there
is an incredible growing need for a solution that provides the eyes and ears
into the chronically aging water infrastructure. TaKaDu’s novel solution is
unique in combining a Big Data approach, Cloud Based service, and strong IP.
It is cost effective to implement and can quickly pinpoint and address issues
as they arise, arming the water network manager with new knowledge and insight
to help them address water loss and improve the effectiveness of their
maintenance organization allowing for higher customer satisfaction.”

Stefan Gabriel, President of 3M New Ventures added: “We are delighted to
announce our investment in TaKaDu. Addressing the increasing water scarcity,
the company offers a strong value proposition for water utility customers to
help balance critical maintenance and repair needs with the limitations on the
funding side. 3M’s Electrical Markets Division is well positioned to leverage
this investment by pairing TaKaDu’s software offering with our existing water
pipe rehabilitation solutions.”

Forward-Looking Statements
This news release contains forward-looking statements that involve risks,
uncertainties and assumptions. All statements other than statements of
historical fact are statements that could be deemed forward-looking
statements, including any statements of the future plans, strategies and
objectives of management. 3M and TaKaDu assume no obligation and do not intend
to update these forward-looking statements.

About TaKaDu
TaKaDu is the global leader in Water Network Monitoring, providing a
comprehensive platform for water utilities looking to reduce costs and
increase efficiency. TaKaDu’s web-based solution gives the utility real-time
control over network events, using state-of-the-art statistical and
mathematical algorithms. TaKaDu’s patented technology is easy to deploy,
requiring no network changes, no additional devices and no capital
expenditure. TaKaDu saves time, money, water and energy in water utilities
across the globe. It serves utilities through a global network of partners and
resellers. TaKaDu is a founding member of the Smart Water Networks (SWAN)
Forum, and the winner of many industry awards, including the prestigious
Technology Pioneer award from the World Economic Forum. For further
information, visit www.takadu.com.

About 3M
3M captures the spark of new ideas and transforms them into thousands of
ingenious products. Our culture of creative collaboration inspires a
never-ending stream of powerful technologies that make life better. 3M is the
innovation company that never stops inventing. With $30 billion in sales, 3M
employs about 88,000 people worldwide and has operations in more than 70
countries. For more information, visit www.3M.com or follow @3MNews on
Twitter. 3M's Electrical Markets Division (EMD) provides a diverse set of
solutions for protecting, assessing and renewing the world's infrastructure.
Through its products, services and multiple technology platforms, EMD helps
customers protect valuable assets above ground and underground in water,
energy, civil, transportation and telecom infrastructure. For more
information, visit www.3M.com/water.

About 3M New Ventures
3M New Ventures, headquartered in Munich, Germany, identifies and invests in
innovative companies and disruptive new technologies of strategic relevance
for 3M Recent investments made by 3M New Ventures include minority stakes in
Mersive Technologies Inc., a provider of visual computing software; VocalZoom
Systems Ltd. working on a technology to capture quality audio signals in noisy
environments; and Ecovative Design LLC, a developer of novel environmentally
responsible materials for packaging and other applications. For more
information, visit www.3M.com/newventures.

Contact:

3M Media Contact:
Donna Fleming Runyon, 651-736-7646
or
TaKaDu Media Contact:
Rotem Shemesh, +972 54 4311299
Email: rotem.shemesh@takadu.com
Web: www.takadu.com
 
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