BrainBox AI installs its innovative technology Starting

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LONDON, December 9, 2021 (GLOBE NEWSWIRE) – BrainBox AI, a pioneer in predictive and self-adaptive commercial building technology, has signed a new partnership with Landsec, a leading UK property company, after installing its artificial intelligence technology (AI) self-adaptive at Cardinal Place on Victoria Street in London.

Using deep learning, cloud computing and its proprietary bespoke process, BrainBox AI’s engine autonomously and granularly optimizes the building’s existing heating, ventilation and air conditioning (HVAC) system. With technology, buildings can benefit from a reduction of up to 40% in their carbon footprint and a reduction in HVAC energy costs of up to 25%.

After a September installation, initial results indicate that the system is capable of generating significant energy savings and carbon footprint reductions.

“Landsec’s commitment to being an industry leader in sustainability is commendable and we are delighted to support it as a clean technology partner,” said Sam Ramadori, CEO of BrainBox AI. “These first steps demonstrate that Landsec is on track to achieve the ESG goals it has proposed,” said Frank Sullivan, Chief Commercial Officer of BrainBox AI, “In collaboration with our trusted partner Clevernet and the support of Schneider Electric, we see this effort as an excellent step towards a continuous synergy between BrainBox AI and Landsec. “

The partnership is part of Landsec’s goal of creating places that make a lasting positive contribution to their communities and the planet. It also feeds into the company’s broader sustainability strategy that saw it become the first UK REIT to align its carbon reduction target with a 1.5 degree path of global warming.

In addition to substantial sustainability and cost benefits, BrainBox AI technology also provides an improvement in occupant comfort. This is supporting Landsec in fulfilling its commitment to improving the well-being of the occupants of its buildings, which has resulted in the company becoming the first UK REIT to participate in the WELL Portfolio program. This year Landsec became the only UK REIT to enter the CDP A list for five consecutive years. Additionally, it was recently announced that it is one of only 19% of the companies listed on the FTSE-100 that is currently on track to meet its net-zero goals.

Jennie Colville, Landsec Head of ESG and Sustainability, added: “We recognize that bridging the performance gap in buildings will need to come from innovative technology that can proactively optimize HVAC systems that are a major source of inefficiency in buildings. To address this issue, we have partnered with Brainbox AI to test the introduction of artificial intelligence within 100 Victoria Street to help our drive towards net zero and improve comfort for people inside our buildings. “.

BrainBox AI offers artificial intelligence (AI) to combat climate change by making commercial buildings smarter and more efficient. Its flagship product is currently installed in over 100,000,000 square feet of properties in 17 countries. Through continuous communication with building management systems (BMS), the technology optimizes HVAC systems in real time, allowing existing infrastructure to become predictive and self-adapting, significantly reducing energy consumption and emissions.

BrainBox AI was chosen as the ultimate innovation in the Tech For Our Planet challenge at COP26, designed to drive the adoption of climate solutions and help the world reach its net zero goals. Following is the news of the company’s recent $ 24 million Series A funding round led by ABB, as well as its announcement about the activation of its global monitoring network, which provides 24/7 support and analysis of the HVAC system to its customers around the world.

About BrainBox AI

BrainBox AI was created in 2017 with the aim of redefining building automation through artificial intelligence to be at the forefront of the green building revolution. Headquartered in Montreal, a global AI hub, BrainBox AI has a workforce of over 100 employees and supports real estate clients in numerous industries, including office buildings, airports, hotels, multi-residential and long-term care facilities, retail stores. food and commercial retail.

BrainBox AI works in collaboration with research partners including the US Department of Energy’s National Renewable Energy Laboratory (NREL), the Institute for Data Enhancement (IVADO) and educational institutions including the École de technologie supérieure (ETS ) of Montreal and McGill University.

Learn more about BrainBox AI.

For media inquiries:

For BrainBox AICharles FontMontieth & [email protected]

For Landsec Zara Lockwood Corporate Public Relations Director [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f504c76-105b-4945-8094-1b91bc3bcdbe

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