Encycle and PhoenixET Launch Strategic Software Partnership

August 21, 2018

Energy management software agreement creates comprehensive

cloud-based SaaS that reduces HVAC electricity costs and consumption for commercial and industrial customers by up to 20%

SAN MARCOS, Calif. and IRVINE, Calif., August 20, 2018 – Encycle Corporation, a technology company focused on helping commercial and industrial customers dramatically improve the efficiency of their HVAC systems using IoT-enabled services, and PhoenixET, a leading provider of enterprise energy management software and services, today announced a partnership to integrate Encycle’s patented Swarm Logic® software with PhoenixET’s EnterpriseDX® Demand Manager energy management software.

The partnership was created specifically to leverage both companies’ experience in the HVAC energy management market to deliver a cloud-based, enterprise-level Service as a Solution (SaaS) offering for retail, commercial, and industrial customers looking to dramatically reduce their energy consumption and spend.

Under pressure to reduce energy costs and carbon footprints, energy managers are tasked with finding innovative ways to accomplish these and other energy-based sustainability and demand response goals while still finding the time to manage the safety, security, and maintenance of multiple building sites. Encycle and PhoenixET together provide a fully-scalable and automatic monitoring and control software package that’s swift to deploy and simple to operate without hiring additional personnel to maintain, monitor, or adjust their HVAC systems. The robust software delivered via a cloud-based application program interface (API) offered through Encycle’s Swarm Service™ option eliminates the complexity and capital outlay seen in traditional HVAC energy-saving models.

Encycle’s Swarm Logic software integrates with existing building automation systems (BAS), programmable thermostats, or IoT platforms to dynamically synchronize power-hungry HVAC rooftop units (RTUs). Swarm Logic enables RTUs to operate most efficiently in response to changing conditions such as outdoor temperature, building occupancy levels, and RTU performance. Instead of operating in isolation, the RTUs become part of an IoT-based closed-loop system that coordinates RTU activity, thereby apportioning energy consumption more logically among the individual RTUs without sacrificing customer or employee comfort. Typical Encycle customers achieve 10%-20% reductions in HVAC-related kW, kWh, and CO2 with Swarm Logic.

“Incorporating Encycle’s Swarm Logic into PhoenixET’s EnterpriseDX software enables our companies to deliver enhanced visibility, control, and insights for our customers’ HVAC systems using operational data that are updated every few minutes,” said Robert Chiste, Encycle Chairman, President and CEO. “This smart and powerful control interface gives building managers the best chance to reduce costs and energy usage by controlling consumption across multiple sites and BAS types without the need for additional hardware or equipment,” explained Chiste.

“PhoenixET and Encycle are both leaders in developing energy management solutions that have been proven to deliver unprecedented savings and ROI year after year for our growing retail, commercial, and industrial customer base,” said Glen Schrank, CEO of PhoenixET. “This exciting partnership will allow us to further evolve our existing relationship and offer best-in-class, next-generation, IoT-based products and services already being employed across hundreds of facilities throughout North America,” added Schrank.

For additional information regarding the Encycle / PhoenixET strategic partnership, please call Encycle at 1-855-875-4031 in the U.S. or 1-877-634-0081 in Canada.

About Encycle:

Encycle is a technology-driven company that is transforming energy management for multi-site commercial and industrial companies. The company leverages its patented cloud-based technology to lower its clients’ electric costs, maximize energy efficiency, and reduce environmental impact. Companies using Swarm Logic® routinely reduce HVAC electric costs and consumption by 10%-20% with little or no capital investment. For more information about Encycle, visit www.encycle.com.

About PhoenixET:

PhoenixET is an IoT innovator in smart buildings and connected machines. The company enables buildings to do smart things like alert, measure, and command capital equipment to self-correct or predict the need for service. PhoenixET pairs actionable data with real-time building, asset monitoring and predictive analysis to reduce energy, facilities, and capital equipment costs. Duke Energy is a major shareholder of PhoenixET. For more information about PhoenixET, visit www.phoenixet.com