GeoSplit company is the trusted leader in power industry innovations

On September 28, an official award ceremony for the "Moscow Innovator" winners was held in the Technograd Professional Training Complex. Aleksey Fursin, Head of the Entrepreneurship and Innovation Development Department of Moscow, personally awarded commemorable prizes and souvenirs to the award winners.

"Moscow Innovator" is awarded to inventors and developers of the cutting-edge solutions in city planning and development.  As explained by Alexey Fursin, "the projects submitted to the competition cover all municipal sectors of social importance and the industries that define technical development of the capital city and creating comfortable environment for the community".

This year the contestants submitted 483 applications, 30 of which made in to the final and only 15 companies received the Mayor's award in three categories consisted of five subjects: "Medicine & Pharmaceutics", "Artificial Intelligence & IT", "Transportation", "Urban Environment", and "Power Industry".

• "The Project of the Future" – for developers of innovations;
• "Reality Adjusters" – for startup companies that are ready to hit the market;
• "Innovation Leaders" – for companies with ongoing business activity".

The expert jury and the Mayor himself highly praised the project introduced by GeoSplit company.

"The proposed marker technology ensures a consistent flow of big data concerning the subterranean processes. The obtained big data is used to create digital deposit models that allow to significantly improve hydrocarbon production process, to increase recovery efficiency and to lower production costs of hard-to-recover reserves. It's an extremely vital challenge, especially considering the situation at the hydrocarbons market", said Sergey Sobyanin in his blog.

We sincerely congratulate our team on this new achievement. Once again this award acknowledges the high value of the project and will work as an extra incentive to achieve new goals and to perform new tasks of the highest level.