BuildingIQ Named Qualified Vendor for NYSERDA’s Real Time Energy Management Program

Cost-shared incentives for deploying services to help building owners and managers make data-based decisions about building optimization and capital investments

SAN MATEO, Calif.--()--BuildingIQ (ASX: BIQ) today announces it has been named a New York State Energy Research and Development Authority (NYSERDA) Qualified Vendor for the Real-Time Energy Management (RTEM) Program. The NYSERDA RTEM program is designed to promote solutions that use building data to optimize energy usage. The RTEM program makes up to $30 million available in cost-shared incentives for the installation of systems and post-installation information services of solutions, such as BuildingIQ’s Energy Worksite and Facility Worksite.

Energy Worksite is a cloud-based visualization, measurement, and analytics tool that provides an overview of a building’s energy consumption on an hourly basis. By accessing a building’s main meter and any number of sub-meters, Energy Worksite is ideal for single and multitenant buildings of any size or use. Utilizing energy interval data and advanced modeling capabilities, Energy Worksite can compare actual measured consumption with expected energy consumption. The customizable Energy Worksite interface allows building owners to easily zero in on energy outliers in their property portfolio and isolate the impact of energy conservation measures.

BuildingIQ’s Facility Worksite solution, which can operate as a standalone service or in conjunction with Energy Worksite, streamlines the day-to-day management of facilities-related activities for a single property or a portfolio of buildings. Projects can be tracked throughout various stages of completion along with associated costs, equipment, the team member responsible, dates, milestones, and associated external vendors. Facility Worksite creates transparency, ownership and increases productivity among the facilities team, keeping everyone informed. It can even automatically assign tasks based on pre-determined rules and send deadline reminders.

With the RTEM program and BuildingIQ’s services, building owners and building management companies throughout the state of New York will now be able to make informed data-based decisions to improve and track energy efficiency activities and improve occupant comfort.

“BuildingIQ’s platform provides a proven, data-driven approach to improving building operations, as well as measuring and verifying energy savings,” said Michael Nark, president and CEO of BuildingIQ. “As an approved NYSERDA RTEM vendor, our cloud-based services will be able to help New York buildings identify and realize opportunities to temper energy consumption.”

To learn more about BuildingIQ, visit www.buildingiq.com.

About BuildingIQ

BuildingIQ (ASX: BIQ) helps building owners and operators worldwide lower energy use, increase building operations efficiency, and tenant comfort.

The company’s 5i cloud-based platform and managed services deliver on the promise of IoT for buildings with none of the drawbacks. Over 65M square feet of building space is serviced by BuildingIQ.

Investors in BuildingIQ include the Venture Capital unit of Siemens Financial Services, Paladin Capital and Exto Partners.

www.buildingiq.com

Contacts

PAN Communications for BuildingIQ
Sean Welch, +1-407-734-7330
swelch@pancomm.com

Release Summary

BuildingIQ (ASX: BIQ) today announces it has been named a New York State Energy Research and Development Authority (NYSERDA) Qualified Vendor for the Real-Time Energy Management (RTEM) Program.

Contacts

PAN Communications for BuildingIQ
Sean Welch, +1-407-734-7330
swelch@pancomm.com