Pylon wins Egypt’s entrepreneur awards for technology & innovation

Pylon wins Egypt’s entrepreneur awards for technology & innovation

Pylon’s Smart Metering as a Service (SMasS) platform reduces energy and water inefficiencies and CO2 emissions by democratizing smart grid infrastructure to distribution companies in emerging markets. This enables them to capture up to $400 billion of losses and uncollected revenue. Pylon’s platform uses data and artificial intelligence to improve revenue collection, reduce losses, detect theft, and achieve a more efficient environmental footprint.

Ahmed Ashour, co-founder, and CEO of Pylon, commented:

“We are delighted to be named as a winner of Egypt’s Entrepreneur Awards for Technology & Innovation. As a solution developed in an emerging market for emerging markets, we are thrilled our efforts to improve the utilities sector in Egypt and beyond are being recognized and that our hard work is paying off. We are driven to continue to develop our technology to eradicate inefficiencies and help support a more sustainable option for businesses and consumers.

“We look forward to continuing to generate a positive and sustainable impact in the future, via our continued expansion into new markets, including Southeast Asia, Latin America, and Africa. Our goal is to increase our smart metering points to three million by 2023, which would represent 4x year-on-year growth.”

The Pylon platform does not charge utility companies