Yesterday in Vilnius the winner of the third annual Lithuanian-American Innovation Award was announced.
The first prize award went to CUJO AI. Company’s technology is based on a core set of algorithms that leverage artificial intelligence (AI) and machine learning (ML) analysis. Its portfolio of products helps digitally protect people and devices, creating a smart-living experience in homes, businesses, and connected communities through advanced connected device identification, real-time network security, privacy protection, content access control, and digital monitoring. It also uses machine learning to develop algorithms that could spot cyber bullying.
The second prize went to Mantas Atutis. He in collaboration with Columbia University, developed and proposed the use of a new composite material – basalt fiber reinforced polymer (BFRP) for pre-stressed concrete structures. This is a more sustainable, optimal, and affordable alternative to what is currently used as reinforcement material/skeleton in buildings. Additionally, BFRP minimizes the risk of corrosion, which is common for conventional reinforcement.
The “Lithuanian-American Innovation Award” was established by the Baltic American Freedom Foundation (BAFF), the American-Lithuanian Business Council (ALBC), and the U.S. Embassy in Vilnius. The prize was designed to recognize a Lithuanian individual, organization, university, or firm that has developed an innovation in collaboration with a U.S. partner.