Despite the challenges faced in the global markets with COVID-19, inflation, and supply chain risks, 2022 was a breakout year for Gradiant. The consistent success is credited to the companyās proprietary technologies and integrated solutions that address a broad range of end-use applications for the worldās essential industries. Gradiant is serving a growing list of the top brands and manufacturers in the world with its mission-critical solutions for advanced manufacturing. We remain true to our roots as a technology company by continuing to rapidly translate R&D innovations into commercial solutions.
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Gradiantās 2022 revenues have more than doubled from the prior year and are expected to double again in 2023, given the backlog of over $150 million USD in systems, service, and design-build-operate projects.
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We announced strategic acquisitions of WaterPark and Synauta this year. WaterPark is a Taiwan-based design and construction firm focused on water technologies for advanced manufacturing. The acquisition strengthens Gradiantās portfolio of technologies and applications expertise in biological wastewater and unlocks Gradiantās full range of solutions and global resources to WaterParkās advanced industrial clients in semiconductor and microelectronics manufacturing.
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The May 2022 acquisition of Synauta, an artificial intelligence water technology company, accelerates Gradiantās deployment of digital twin technology in water. Industrial clients are increasingly adopting machine learning AI for their water operations to address challenges of sustainability and cost pressures, business continuity, and regulatory compliance. Digital water is the area of greatest innovation potential in the global water industry, and Synauta bolsters Gradiantās position as a technology leader in this space.
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In September, Gradiant announced the appointment of Govind Alagappan as President.
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Govind joins us from leadership roles at Evoqua and SUEZ Water technologies and brings us deep knowledge in sales & operational excellence in a global business. He has the perfect mix of skills and experience to lead Gradiant to the next level of transformative business growth.
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Gradiant announced a strategic partnership with SLB to deliver the sustainable production of battery-grade lithium compounds.
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Our technologies will enable high levels of lithium concentration in a fraction of the time required by incumbent and competing methods while also reducing carbon and water footprints and capital costs.
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The industry-recognized Gradiantās impact with a series of awards in 2022, including Global Water Intelligenceās āWater Technology Company of the Yearā distinction and āBreakthrough Technology Company of the Yearā for Synauta, as well as the International Desalination Association award for āMost Innovative Companyā, and āA Great Place to Workā honors for Gradiant.
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Gradiant looks to 2023 for growth into new applications and geographies and deep penetration into strategic markets. The company will expand its capabilities and access to markets through strategic partnerships and acquisitions. Gradiant will continue to deploy its full technology stack to bring together industry-leading water treatment solutions with the power of AI to sustainably solve the worldās most important water challenges.
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Gradiant’s 2022 Year in Review Infographic
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