South African innovator IoT.nxt recently opened an office in the USA after the establishment of its first international office in The Hague last year. Together with partners, Ensight Solutions and Minimise USA, the company is rolling out a multimillion dollar project at schools in Florida and Dallas using IoT technology to optimise energy consumption.
“Many building management operations use pre-set systems to switch energy facilities on and off at particular times in order to reduce consumption,” explains IoT.nxt CEO, Nico Steyn. “IoT strategies allow building managers to effect optimal energy usage in a building. IoT technology makes it possible to take various factors, for instance occupancy and ambient external temperature, into account to adjust energy used to change the temperature inside a building, or to purify the air. This optimisation can deliver significant cost savings. IoT.nxt’s solution, which allows for retrofitting of any existing equipment and systems, closes the gap for facilities managers.”
According to Daniel Badran, chairman and CEO of Minimise USA, IoT.nxt secured a licensing agreement with Efficient Industry (EI), through which IoT.nxt is now the preferred IoT technology provider for the schools project. “The project, engineered by Ensight of Australia, places IoT.nxt in the driver’s seat as a partner to Minimise USA and Ensight for the education sector and others to come,” he says.
Francis Barram, CEO of Ensight Solutions, notes that the unique solutions unlocked through this partnership offer significant opportunity for similar projects in the future.
The project is being rolled out now and the first phase will run to the end of the month. Three team members from IoT.nxt South Africa are currently in the US to manage the project but the plan is to train employees at the partner companies to manage the further phases of the project.
“Expansion to the USA was a set goal for our company,” says Steyn. “We explored various opportunities late last year when IoT.nxt executives visited various leading technology companies and attended technology conferences to gain insight into US market realities. The project with Ensight and Minimise USA fast-tracked our USA strategy and, unlike the expansion into the Netherlands, which was made possible through a R100 million investment by Talent10, the US office was set up with a large scale project in place.”
Wayne Fitzjohn, chairman of IoT.nxt and CEO of Talent10, says the success of the company is exceptional, especially as it was founded when awareness of the IoT was limited. “The thinking and innovation delivered by the IoT.nxt team prove that South African companies can compete with the leading global technology giants and that we have the skills to embrace the opportunities offered by the fourth industrial revolution,” he concludes.
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