A Glasgow-based property technology firm has set its sights on expanding into the US market. This new venture follows a significant deal with a Californian university.
The company aims to enhance building efficiency using smart technology, marking a pivotal moment for both the firm and Scottish innovation as a whole.
Agreement with University of California, Davis
A Scottish property technology firm has secured an agreement to identify energy-saving opportunities and improvements in air quality at the University of California, Davis. This partnership will be the firm’s first US market test, providing a critical opportunity to develop and refine its software for broader deployment across the United States.
Founded in 2012, the company’s core mission is to improve building efficiency using smart technology. The firm views this deal as a stepping stone to larger opportunities in the US market and beyond.
Significant Market Potential
Co-founder, Chief Executive, and Chairman Maureen Eisbrenner expressed great excitement about entering the US market. “This is a really exciting time for Scottish innovation as we begin to translate our UK success into the US market,” she stated.
“Globally, $236 billion was spent on improving energy efficiency in 2017, with 59 per cent of that in the buildings sector. So the opportunity for us is huge both in the US and the rest of the world,” Eisbrenner added.
Pilot Programme Funding and Goals
The firm’s software will be a part of a pilot programme funded by the US Office of Naval Research. If successful, this could lead to a demonstration at a local navy installation.
The company sees significant potential for its software to be utilised more widely by other branches of the US military and the US Department of Defence.
The pilot programme aims to showcase the practical benefits of the firm’s technology, including potential cost savings and improved operational efficiency. This could pave the way for further collaborations and deployments.
Technological Innovations
The firm uses cutting-edge technology to identify and implement energy-saving measures in buildings. This technology focuses on real-time data analysis and predictive maintenance to optimise building performance.
One key aspect of the technology is its ability to improve indoor air quality, which has become increasingly important in recent years.
By leveraging advanced algorithms, the software can provide actionable insights to building managers, enabling them to make informed decisions on energy usage and maintenance schedules.
Wider Implications for Scottish Innovation
This venture into the US market represents a significant milestone for Scottish innovation in the proptech sector. It underscores the global relevance and applicability of Scottish technological advancements.
The deal with the University of California, Davis, not only demonstrates the firm’s capabilities but also highlights the potential for Scottish companies to make a substantial impact on a global scale.
Such international collaborations can foster further innovation and development within Scotland, paving the way for other firms to explore similar opportunities abroad.
Future Prospects
Looking ahead, the firm aims to expand its footprint in the US by targeting additional sectors such as commercial real estate and public infrastructure.
The success of the initial projects will likely serve as a catalyst for further growth and investment, helping the firm to establish a strong presence in the competitive US market.
In conclusion, the Scottish proptech firm is well-positioned to capitalise on its new partnership with the University of California, Davis, marking a significant step towards growth in the US market.
With its innovative technology and strong market potential, the firm’s expansion into the US could set a precedent for other Scottish tech companies seeking to go global.