OSIsoft Receives Presidential “E” Star Award As Demand Grows for Industrial Internet of Things Technology

Industrial Internet of Things Technology

SAN LEANDRO, Calif. (BUSINESSWIRE) May 16, 2016-OSIsoft, a global leader enabling operational intelligence, has received the President's “E Star” Award for outstanding performance in increasing U.S. exports. The U.S. Department of Commerce recognized the organization on May 16, 2016 in Washington, D.C. at the annual President's “E” Awards ceremony. OSIsoft also received an “E” Award in 2012.

The President's “E Star” Award and “E” Award represent the highest recognition a U.S. company may receive for making a significant contribution to the expansion of U.S. exports. “E Star” recipients must exhibit continued growth in exports over a consecutive four-year period and demonstrate how their export activities are making a positive impact on economic growth in the U.S.

“Rapid access to data will fundamentally transform the way businesses and other organizations operate over the next several years,” said Dr. J. Patrick Kennedy, Chief Executive Officer and founder of OSIsoft. “We believe our technology will play an important part in helping many people save energy and improve their services. We want to thank the Department of Commerce for helping us reach a wider global audience through its various partnership services, which are offered to all qualifying U.S. exporters.”

The PI System: Powering Operational Intelligence

Deployed at over 19,000 sites worldwide, OSIsoft's PI System is one of the world's most widely used software technologies for the Industrial Internet of Things and digital transformation initiatives.

For instance, OSIsoft collaborated with the U.S. Trade Development Agency (USTDA), the U.S. Consulate and utility associations in Brazil to develop a demonstration project for COPEL, one of the country's largest utilities, to show how access to real time data can improve service.

In Turkey, OSIsoft and USTDA created a workshop in conjunction with local regulators and the Ministry of Energy to encourage using data systems to improve the efficiency of industrial plants and utilities.

How It Works

The PI System captures operational data regarding energy consumption, asset utilization or complex process flows from thousands of sensors and other sources across an organization. The PI System then transforms this data into rich information streams that can be accessed by plant engineers, executives, data researchers and partners or integrated into supply chain or productivity applications. With the PI system, individuals can obtain real-time and long-term insight into the vital signs of their organizations.

More than 1,000 leading utilities, 95 percent of the largest oil and gas companies, numerous government agencies and more than 65 percent of the Fortune 500 industrial companies rely on technology from OSIsoft and its partners. The PI System is part of the critical infrastructure of manufacturing sites, refineries, water treatment facilities, office complexes, transportation networks, wind farms, power plants, data centers and other environments. Worldwide, more than 1.5 billion sensor-based data streams are managed by the PI System.

Founded in 1980, OSIsoft has over 1,200 employees and generated approximately $330 million in revenue in 2015.

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