SensorSuite Inc. Hires Former Ameresco President Mario Iusi as EVP

Smart building innovator hires industry veteran to help power growth

SensorSuite® Inc., a breakthrough Internet of Things (IoT) company that provides innovative wireless monitoring and energy saving solutions for multi-residential, commercial, and industrial buildings, has hired Mario Iusi as Executive Vice President. Mario brings in-depth knowledge of the energy services industry through initiatives and strategic thinking to further accelerate SensorSuite’s adoption within the market.

Mario joins SensorSuite following his tenure as the President of Ameresco Canada and has over 30 years of experience in the energy industry and is an experienced leader who has kept pace with all key developments in the marketplace since the late 1980’s.

“Our technology is all about IOT and how it relates to energy, water, and operational efficiencies within buildings”, said Robert Platek, SensorSuite’s CEO. “We are thrilled to have Mario join our team and bring his incredible experience to SensorSuite.”

Mario began his career in the energy efficiency business in the late 1980’s as Partner-owner / shareholder / COO of one of the most success energy performance contacting company in Canada . In the 1990’s he became President for Duke Energy’s energy efficiency business in Canada and in 2002 continued as President for Ameresco Inc for 13 years during which time he helped grow and expand the company across Canada. He has been instrumental in the creation of the energy performance contracting business in Canada.

He led a senior business development & management team in developing client focused solutions and creating new service innovations.

Mario Iusi commented, “As an industry we are at a key moment of our market’s development and evolution for HVAC innovation. IOT will be a disruptive, but positive force for the HVAC industry to provide clients with better tools to improve tenant comfort , maintain and operate building assets more efficiently and reduce building operating costs. I’m excited to come on board and help support the company in its future ambitions and show even more clients how the platform will help them reduce operating costs and improve building performance .”

 

 

Find out more at: http://www.sensorsuite.com

 

About SensorSuite®

SensorSuite®, an innovator in smart building technology, has created the first affordable enterprise-level smart building solution.

SensorSuite develops real-time building intelligence cloud platforms for reducing operational risks and improving the efficiency of buildings. The company creates solutions using leading-edge sensors, cloud analytics, building controls, and software interfaces to reduce energy costs, increase occupant comfort, and allow owners and occupants to extract more value out of their respective space(s).

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RESELLERS WANTED: Ontario Commercial HVAC Companies

Forward-thinking businesses are now discovering the promise of the Internet of Things (IoT).

At SensorSuite, we’re looking for Commercial HVAC companies that are looking for a competitive advantage for their business to help lead the charge.

By joining SensorSuite’s reseller program, you will earn commissions, recurring revenue, and stay on the leading edge of technology solutions for your customers.

 

With BoilerLink, SensorSuite is looking to disrupt the property management space from the boiler room up.

SensorSuite (www.sensorsuite.com) uses low-cost sensors and cloud-based web and smartphone apps to shake up a market currently owned by the big guys.

 

Why BoilerLink?

BoilerLink’s cloud-based dashboard empowers stakeholders with boiler analytics on a smartphone, tablet, or PC- allowing them to identify any deficiencies and take corrective action as needed.

From a cost savings perspective, BoilerLink can cut spending in a variety of ways:

Boiler Optimization- Charts and historical data logs give stakeholders the ability to optimize their boiler’s performance. These optimizations allow for energy savings and as a result, reduce expenses for a given building.

Alarm Notification- Custom alarms provide immediate notification, so that problem can be addressed immediately.

Reduced Maintenance Time- Boilers can monitored 24/7/365- eliminating the need for many maintenance check-ups. Furthermore, multiple boilers in a portfolio of multiple building can be monitored at the same time all on one cloud dashboard.

Maintain Warranty- Eliminate the risk of a warranty being voided due to boiler misuse or neglect.

Avoid Costly Upgrades- Extend the life of a given boiler by installing BoilerLink at a fraction of the cost.

 

With BoilerLink, it collects, retains, and logs all the data readings from a given boiler- empowering stakeholders with real-time and historical information.

To get started, please email us at:  sales@sensorsuite.com.

Before you know it, you’ll be adding value to your customers by providing them with an innovative solution that is easy to understand, sell, and implement.

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5 Ways Submetering Changes the Building Management Game

The advent of smart meters in the utility management space has greatly improved the accuracy, energy efficiency and overall operational practices of the energy sector. More accurate readings provide insight into cost-saving methods and encourage businesses and residents alike to be more aware of their energy consumption. Although its ubiquity is a relatively recent technologic advancement in energy management, it’s clear that the benefits of smart metering greatly outweigh any of it’s surrounding concerns. Smart meters are more than a smart decision, they are vital to a cost-efficient and ecologically sound future.

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But many businesses have even taken this upgrade one step further, by pushing the boundaries of energy consumption analytics by using a method called submetering.

 

Submetering technology is the practice of implementing a software or program that allows property management to account for individual utility usage. This includes additional insights and operational observations that can ultimately reap in large energy savings. But exactly how does utility submetering change building and energy management? Here are our five best reasons to upgrade to submetering to ensure better building management.

1.  Building costs are optimized

When tenant data can be accessed individually, property management is able to access the total utility capacity and account for spaces that are under or overutilized. What this mean is that operational costs can sit at an all-time low due to the real time feedback on electric, water and gas consumption. For example, if a certain property is vacant during the workday, submetering can provide the information to keep heating at a low. Times and areas of high consumption are also easily recognized and appropriate changes can be made to account for any inefficiencies. Better intel of a building’s utility schedule and load allows the management to save operational costs by making practical changes.

2.  Individual invoicing is accurate and easy

A submetering software also makes the struggle of individual tenant invoicing and measurement much simplier. A submeter also provides accurate useage measurements and time specific data to tenant so they are able to be cognizant of their bill and usage patterns. The clerical work and time needed to measure, calculate and deliver an invoice is significantly reduced for property management, giving way for more important or forward-facing tasks such as personalized interaction or other building improvements. The automated process simplifies invoicing, making the monthly process accurate and stressfree.

3.  Problems are immediately evident

Since submetering collects and analyzes your utility data over a period of time, it can also provide alerts and warnings when there are inefficiencies in progress. For example, it can identify unusual energy usage patterns of machines within your property and make note of them to be checked. It can also monitor individual circuits to ensure all processes and machinery are running smoothly with secured setpoints. It can also predict and warn building management of upcoming problems or situations.

4.  Comparisons and goals can be managed

Everyone is going green these days and the addition of a submetering software allows your building and property to be more ecologically-minded than ever. Building management can track, record and set consumption goals over long and short periods of time to improve property efficiency while still providing during times of demand. This comes along with the trend of benchmarking and sustainability reporting are a large part of many organizations. It’s part of a green initiative that not only saves costs but allows property owners and tenants to make more informed decisions about consumption. Tenants are also more willing to pay more for sustainable buildings because they hold an alignment with the building management to spend the most efficient dollar possible.

5.  It’s all from one simple place

The absolute best part of submetering is how accessible and easy it is for building management and staff to use and understand. All the usage data from multiple properties can be accessed on one mobile dashboard, allowing you to access this information anywhere. Property management is able to check current energy usage in real-time, set alerts or consumption goals as well as monitor building and individual tenant progress. Submetering is an update that brings building and property management into the ecologically-minded 21st century.   

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“Internet of Things” Allows Teaching Old Buildings New Tricks

Think older buildings can’t handle modern equipment systems? You’re not alone—but this is a misguided notion.

Many facility owners and managers assume that retrofitting older buildings with smart building systems and management tools involves too much capital investment and not enough return. While that may have been true in the past, cloud computing and affordable technologies like real-time data and analytics software, submetering, and wireless sensors have changed the financial equation.

With SensorSuite™ SuiteHeat, property managers can take control back from their tenants and start saving money and energy in their buildings.  SuiteHeat can be used with electrically controlled buildings as well as fan coil systems.

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On average, intelligent buildings offer lower operating costs than those with legacy systems. According to the McGraw Hill Construction SmartMarket Report, intelligent buildings use 20% to 40% less energy and result in 8% to 9% lower operating expenses with valuations 7.5% higher than those with legacy systems. While return on investment (ROI) varies widely among individual buildings, every building type and nearly all historic buildings can benefit from smart systems and management platforms.

Precise definitions of a “smart” building—otherwise known as an intelligent, automated, high-performance, integrated, or advanced building—vary, but these terms generally refer to a building in which at least some vital systems, such as life safety, telecommunications, security, HVAC, and the like, are controlled by computers and are programmable. Building automation systems (BAS) are a familiar staple of modern office buildings, but today’s technologies make it possible to boost building performance and energy efficiency more than ever before in all types of facilities.

It’s Payback Time

Retrofits come in all shapes, sizes, and investment levels. However large or small the scale, technological advances have made for less complicated, less expensive retrofitting today than even just a few years ago.

The Internet of Things is creating powerful new capabilities for building management, while the components are becoming cheaper and more available. The cost of automated building technology has fallen as adoption has increased. For example, intelligent lighting components can be purchased today for approximately $50 per unit—compared with an average of $120 per unit a few years back.

Smart building management systems have become more flexible and affordable as well. The price of wireless sensors used to gather data from building automation systems has dropped below the $10 per unit average cost threshold, significantly lowering the cost of data driven management.

With buildings that use baseboard heating or radiant heating, SuiteHeat can return paybacks up to 37% on electrical buildings.

Combining wireless monitoring with predictive analytics, smart building management software boosts facility performance with constant commissioning and data driven decision-making. This enables staff to address equipment problems remotely before these become failures. Some platforms combine remote monitoring and control with on the ground experts to address problems that cannot be fixed remotely.

As a result, the break-even payback for retrofit investments can occur in less than a year, according to JLL research. That equation means a retrofit investment becomes an operating expense, rather than a capital expense—a much more attractive prospect for those who control corporate real estate budgets.

With fast break-even on investment now a reality, it is little wonder that interest in strategic retrofits is growing. The Changing Face of Smart Buildings: The Op-Ex Advantage, a report from JLL found that investment in energy efficiency retrofits in 2011 was no more than $20 billion—but it could reach nearly $300 billion over the next 10 years.

Meanwhile, new local and federal government regulations, including mandatory energy consumption disclosure in some cities, are pushing building managers in the direction of smart buildings.

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SensorSuite Inc. Raises Capital from Prominent Canadian VCs to Enable the Future of Connected Commercial Buildings

“Internet of Things” company SensorSuite® raises capital to power growth and R&D

 

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TORONTO, April 27, 2015 –  SensorSuite Inc.®, a breakthrough Internet of Things (IoT) company that provides innovative wireless monitoring and energy saving solutions for multi-residential, commercial, and industrial buildings, announced the successful closing of funding from Extreme Venture Partners, BDC Capital, and private angels.  To learn more, please visit http://www.sensorsuite.com, or follow SensorSuite on Twitter, LinkedIn or Facebook

This funding will support growth plans for SensorSuite’s project pipeline and fuel the development of its disruptive monitoring and energy management platform. This unique system overcomes the traditional installation barriers to retrofitting existing buildings with energy saving control systems – the rewiring. When compared with wired solutions, SensorSuite® delivers significantly shorter payback periods, especially in retrofits, and in some cases is the only viable solution for electrically heated buildings. SensorSuite’s solution implements advanced mobile commissioning apps, as well as a highly reliable and scalable wireless network architecture suitable for controlling a single suite, entire floor, or multi-building installation.

“Commercial and industrial buildings are emerging as one of the largest opportunities for real-time analytics and intelligent control applications.” said Robert Platek, Founder and Chief Executive Officer of SensorSuite® Inc.  “SensorSuite’s innovations enable property managers to save time while conserving energy.”

 

Smart buildings are already a $35 billion global business growing 55% annually, and yet over 90 percent of commercial buildings don’t have advanced building systems.

 

“SensorSuite is applying the kind of big data analytics we have seen in other domains to make commercial buildings smarter and maximize value to building managers and owners” said Sunil Sharma, Managing Partner of Extreme Venture Partners.

 

The first quarter of 2015 marked SensorSuite’s best quarter yet. SensorSuite’s advanced sensor networks and control systems are currently deployed in three million square feet of commercial space across customers in grocery stores, hotels, gyms, condos, and multi-residential apartment buildings.

About Extreme Venture Partners

Extreme Venture Partners (EVP) is one of Canada’s most successful venture capital funds over the past decade. Now with its second fund, EVP is excited to continue upon its track record of discovering exceptional young companies on the verge of breakout.  While continuing our focus on Mobile (particularly apps, payment, health and enterprise) we are excited to be expanding our sector focus to include Big Data (including open/social data, natural language processing, machine learning and analytics) and the Internet-of-Things (wearables, robotics, drones and connected devices).

About BDC Capital

A subsidiary of the Business Development Bank of Canada (BDC), BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1.6 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term.  From venture capital and equity, to growth and transition capital, our team of over 100 experienced, local professionals partner with entrepreneurs to identify and meet their needs on flexible terms. Some of the sectors in which we specialize include IT, industrial/clean/energy technology, and healthcare. For more information, please visit www.bdccapital.ca or follow us on Twitter at @BDC_Capital.

About SensorSuite® Inc.

SensorSuite® Inc. is a real-time machine intelligence platform.  We reduce operational risks and improve the performance and efficiency of machines, equipment, assets, and things.  We are a leading-edge, real-time sensor and control, cloud analytics platform that empowers executives and managers to extract more value out of their assets, space, and equipment; and make more informed decisions.  Visit www.sensorsuite.com for more information.

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The Globe and Mail features SensorSuite !

One of the ways older buildings can become more energy efficient is through the use of technology. Toronto-based SensorSuite, for instance, has a system that, through sensors placed at various points in a commercial building, allow for fully automated or remote control over its energy systems.

The energy usage of more than two million square feet of Toronto office and commercial space is being monitored using SensorSuite’s systems, which helps building owners and landlords be as efficient as possible, especially in older buildings that don’t have more modern, efficient systems and structures.

“We’re very much focused on the retrofit market because there are just so many buildings and they all need help,” says SensorSuite founder and chief executive officer Robert Platek.

FULL ARTICLE: http://www.theglobeandmail.com/technology/tech-news/last-person-out-the-building-will-turn-off-the-lights/article18080731/

The Globe and Mail

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SensorSuite introduces “Nest™ for Building Owners”, Hits Major Milestone: 1.7 Million Square Feet Under Cloud Based Energy Management

SensorSuite’s Distributed Sensor Technology and Cloud Data Analytics Reduces Power Consumption in any building by up to 20 to 30 Percent

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Toronto, ON–(PRWeb – Jan 17, 2014) – SensorSuite Inc., a leader in solutions for improving the performance and value of commercial buildings and real estate is proud to announce that its intelligent sensor technology and cloud software are being employed to reduce power consumption for more than 1.7 million square feet of commercial real estate. Major hotels and commercial clients have reduced heating and cooling energy costs by up to 20 to 30 percent in buildings outfitted with SensorSuite’s system.

Internally dubbed the ‘Nest™ for Building Owners’, SensorSuite is excited to be driving the market in wireless smart thermostat technologies that can be installed to monitor and control large spaces like conference rooms and ballrooms.  The unique ability to give building owners total control over every area or zone of a building on one dashboard is a welcome addition to any manager’s toolset.

“Managing energy in buildings remains one of the largest opportunities in technology. Commercial property owners want to increase their net operating income by lowering operating costs” said Salman Habib, CFO of SensorSuite.  “SensorSuite leverages distributed wireless sensors and its cloud based machine platform to achieve those goals. By taking IT out of the equation,  we eliminate the cost and complexity of installing and managing these systems, which have been barriers to wireless technology adoption.”

SensorSuite combines leading-edge sensor technology, Big Data analytics, and advanced controls to precisely manage office buildings, hotels, public spaces, industrial sites and other real estate. The heart of the company’s technology is the SuiteStat° smart thermostat, an unobtrusive, intelligent device that attaches to new or existing thermostats.

SensorSuite wireless sensors monitor temperature, CO2 levels, occupancy, and power consumption in any large or small space to save energy. Employees or building managers can quickly personalize spaces for comfort and energy savings with a few clicks from any smartphone or web browser.

SensorSuite’s real-time building intelligence™ platform, meanwhile, analyzes data from sensors to track consumption, check conference room availability, visualize occupancy and other parameters. Notable case studies include a large property management company, which reduced energy usage in a 350 suite (250,000 square feet) apartment building in Toronto by 35 percent, achieving a return on investment of 18 months.

“We are extremely grateful and excited by the support and encouragement from our customers and investors” said Robert Platek, CEO and co-founder of SensorSuite Inc. Energy consumption by heating, ventilation, and air conditioning (HVAC) systems accounts for roughly 40 percent of total building energy consumption, and in turn, buildings account for 35 percent to 40 percent of total worldwide energy consumption.  A substantial portion is used inefficiently. Our technology will help building owners, utilities and others get a handle on this major saving opportunity.”

 

About SensorSuite, Inc.

SensorSuite has developed a real-time building intelligence™ cloud platform for reducing operational risks and improving the performance and efficiency of buildings and real estate. The company has created leading-edge sensors, cloud analytics, building controls and software interfaces that reduce energy costs, increase occupant comfort and allow owners and occupants to extract more value out of their space.  Visit www.sensorsuite.com for more information.

 

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