BuildingIQ acquires core technology from CSIRO

ASX-listed BuildingIQ has paid $500,000 to acquire the core technology underpinning its SaaS-based Predictive Energy Optimization (PEO) product offering from the CSIRO.

The company has picked up the technology involved in the OptiCool and ComfortSENSE subsystems of its PEO platform.

BuildingIQ previously held the exclusive worldwide licence to use the core technology in commercial building applications and has now also acquired the IP rights and associated patents.

The human comfort technology acquired through the deal will extend the company’s recently launched 5i energy intelligence platform.

BuildingIQ’s 5i platform-enabled services are designed to simplify the process of managing building IoT sensors. The platform takes a five-pillar approach of data capture analysis, advanced modelling, measurement and verification, closed loop predictive control and expert human analysis.

The platform is designed to take a holistic approach to managing energy use in buildings by collecting data from multiple sources — both internal: occupancy comfort, building characteristics and meter data, and external: demand response signals, energy tariffs and weather forecasts.

“The addition of real-time human comfort input will extend our ability to analyse and predict building management system performance and its impact on people,” BuildingIQ VP of engineering Adam Benson said.

“Building occupants are the ultimate intelligent sensor in many ways. We’re excited to be able to incorporate the human factor into our platform and ensure that we remain at the forefront of innovation in building energy management solutions.”

Image courtesy of Michael Coghlan under CC