BuildingIQ Secures Industry Partnerships and Expands Reach of Predictive Energy Optimization™ Platform
Continues strong growth pattern across Australia and the United
States leading up to A$20 Million IPO
BuildingIQ,
a leading energy management software company, announces that it has
continued to solidify its position as a market leader in recent months.
Key company milestones achieved in the 3rd quarter 2015
include:
-
Selected for government initiatives in Australia and the United
States
-
Secured two patents for its innovative Predictive Energy
Optimization™ platform
-
Surpassed 140 buildings under management - 35 million total square
feet
-
Announced a partnership with major utility provider, Xcel Energy
-
Renewed lease with an iconic New York City building
-
Recognized with multiple awards in the Australian market
-
Entered an agreement that will promote its platform to BSA Group’s
portfolio of commercial building clients
-
Expanded presence across higher education sector with installations
at the University of California Los Angeles (UCLA), California State
University, Jefferson State Community College, University of South
Florida, and the University of Miami
In Australia, BuildingIQ has become an approved supplier for services by
the New South Wales Office of Environment & Heritage (OEH). As a result,
projects utilizing BuildingIQ’s technology are now eligible for
government funding that could contribute up to 80 percent toward costs.
In the United States, BuildingIQ advanced its partnership with the New
York State Energy Research and Development Authority (NYSERDA)
and Energy
Solutions for a scaled deployment of its platform across New York
State through the Emerging Technology Accelerated Commercialization
Commercial-Institutional (ETAC-CI) program. To facilitate market
adoption, the program will offer training as well as installation
incentives per building. On the energy supplier side, BuildingIQ began a
pilot program with Xcel
Energy, which serves more than 3.3 million electric customers and
1.8 million natural gas customers.
Meanwhile, BuildingIQ continued to enhance its library of intellectual
property by securing two patents for its innovative three-loop
methodology, which involves a unique combination of continuous learning
over hours, minutes and seconds.
BuildingIQ’s technology and leadership continued to be recognized with
the company being named the National iAward winner in Sustainability. In
addition, chief technology officer, Peter Dickinson, received an HVACR
Leadership Award for Emerging Energy Savings Leader of the Year from Climate
Control News, a leading industry publication.
“BuildingIQ continues to grow and advance its technology to meet the
dynamic needs of energy users around the world,” said Michael Nark,
president & CEO of BuildingIQ. “In recent months we’ve established new
partnerships, continued to strengthen existing ones, and brought the
energy saving potential of our technology to numerous industry sectors.”
About BuildingIQ:
BuildingIQ is a leading provider of advanced energy management software
that actively predicts and manages HVAC loads in commercial buildings.
As the only supplier of patented Predictive Energy Optimization™
technology, BuildingIQ’s cloud-based solution is powering energy and
operational savings in buildings across the globe with reductions in
HVAC energy costs by as much as 25 percent. BuildingIQ delivers
measureable results and has received backing from tier one industry
leaders including Aster Capital (backed by Schneider Electric, Alstom
and Solvay), the Venture Capital unit of Siemens Financial Services (SFS
VC), Paladin Capital and the Energy Division of the Commonwealth
Scientific and Industrial Research Organisation (CSIRO).
Recognized as a leader in its industry, BuildingIQ most recently was
named winner of a National
iAward for Sustainability, a National
Energy Efficiency Industry Award for Best Commercial Energy
Efficiency Project, Bloomberg
New Energy Pioneers Award, Fierce
Innovation Awards’ “Best in Show”, a Cool
Vendor in Green IT and Sustainability by Gartner and listed on the Global
Cleantech 100 and AlwaysOn
Going Green Global 200.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151216006458/en/
Copyright Business Wire 2015
Source: Business Wire
(December 16, 2015 - 8:15 PM EST)
News by QuoteMedia
www.quotemedia.com