75F Announces Major Growth in Sales and Markets Served in 2016
Continued company growth and market adoption has led to expansion
MINNEAPOLIS — 75F, the predictive analytics cloud-based software company that optimizes HVAC systems, announced a 500 percent year-over-year sales growth in 2016. Major gains are attributed to expanding into new construction office and warehouse projects, as well as installations with national retailers and restaurant franchisees. Lighting control and building pressure solutions expanded the opportunities to provide next level intelligence for many customers.
Known to many for its 2014 MN Cup award, 75F achieved significant gains in annual sales volumes thanks, in part, to the release of the Outside Air Optimization (OAO) earlier in the year. This solution features energy efficiency of constant volume HVAC systems commonly called rooftop units (RTUs). It offers energy savings of 35 percent or more and improves indoor air quality, leading to increased employee productivity and satisfaction. The solution creates a return on investment (ROI) of about one year for many customers.
With approximately 136,000 existing RTUs in their backyard alone, 75F believes the market appears to be largely untapped with tenants and building owners unaware of the potential savings. "Awareness of our technology continues to be a top priority for us. Everyone knows LED lighting upgrades save energy, but there is a larger opportunity to impact comfort and savings with simple HVAC optimization. For some real estate portfolios, it translates into millions of dollars in savings each year," said Adam Beson, 75F director of retail sales.
75F was elated to win three awards focused on innovative technologies in 2016; The Minneapolis/St. Paul Business Journal Eureka! Innovation Award, Titans of Technology Award, and the Tekne Award for clean energy technology. Continuing to gain recognition for innovative solutions, 75F leads the way for forward-thinking building owners, tenants, and managers who understand the competitive advantages gained from smart building technologies. Soon, buildings that don't have smart, connected systems are going to feel the impact, whether it be in terms of asset classification, value, rental rates, or brand perception.
For more information, visit www.75F.io.
Publication date: 1/5/2017