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Nov. 18, 2011: ecobee Receives Technology Green 15 Award for Third Consecutive Year

TORONTO — For the third year in a row, ecobee has been named a winner of the Deloitte Technology Green 15™ Award, which was created in 2007 to showcase 15 Canadian companies that Deloitte says are leading the way in the field of green technology.

“Winning this award for the third year in a row demonstrates our ongoing commitment to green technology,” said Stuart Lombard, president and CEO of ecobee. “The features and benefits of the ecobee Smart Thermostat and Energy Management System have a meaningful impact on our customers, their businesses, and the communities they live in.”

According to ecobee, its residential Smart Thermostat is designed for ease of use and energy savings, using intelligent algorithms to allow consumers to save up to 30 percent on their heating and cooling costs. Internet connectivity allows them the convenience of accessing home settings anywhere at anytime through a personalized web portal, iPhone/iPod or Android app. Remote access allows customers to save energy even when they’re not home and ensures their home is comfortable when they return.

ecobee’s commercial Energy Management System (EMS) can be used for 85 percent of all commercial applications, where a simple programmable thermostat does not provide adequate controls and a full-scale building automation system is too complex or cost prohibitive, said the company. EMS provides centralized visibility and control across many building energy systems operating in disparate geographies and allows customers to realize significant energy savings, said ecobee. The typical payback on an EMS is said to be less than 12 months.

The company said its residential and commercial products are sold by HVAC contractors and are installed in tens of thousands of locations across Canada, the United States, Mexico, and Australia.

“Companies such as ecobee are creating technology solutions that have a significant environmental impact and demonstrate a compelling return on investment, despite facing tough economic times. In doing so, they are helping position Canada as a global leader in the development of commercially viable green technology,” said Richard Lee, national leader, Technology, Media & Telecommunications Industry Group, Deloitte.

For more information, visit www.ecobee.com.

Publication date: 11/14/2011

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