NEWARK, N.J., Jan. 10, 2017 (GLOBE NEWSWIRE) -- Arkados Group, Inc. (OTC:AKDS), a global provider of scalable and interoperable Internet of Things (IoT) solutions focused on industrial automation and energy management, today is pleased to announce the launch of its Energy Measurement and Verification (EM&V) Smart Building application based on the Arktic™ software platform. Leveraging the computing capabilities of Arktic with its robust scalability and interoperability and its integration with sensors and gateways, the EM&V application is designed to gather, store and analyze energy consumption data and enable better decision making, reduce costs and increase efficiency and productivity and ultimately a higher bottom line for facilities managers and property owners.
The Arktic™ EM&V is designed to enable the implementation of multiple types of sensors, such as temperature, humidity, light, energy and water consumption, motion and occupancy, indoor air quality and noise, that can gather information throughout a building or complex. The engine within the application can provide for initial benchmarking to determine the unique building signature and be used for continuous monitoring to yield insights that may not otherwise be evident. The benefits of the Arktic™ EM&V, which is based on the principals of the International Performance M&V Protocol, are reductions in energy costs, improvements in environmental conditions, improving sustainability, lowering operational and maintenance costs and extending the useful life of lighting, HVAC and other systems.
“The release of the Arktic™ EM&V application is a significant milestone in the Company’s growth,” states Arkados Group CEO, Terrence DeFranco. “Measurement and Verification ensures the accurate assessment of an investment in energy and water efficiency, such as demand management, energy conservation measures, renewable energy projects and indoor air quality. Our application not only automates the process, but is capable of providing a valuable feedback loop of useful data so facilities managers can gain the insights required to maintain an optimization of conditions in the building. We plan to offer the EM&V application through a subscription model and believe that our ability to scale the platform to include other valuable applications in the future will give us a great competitive advantage in our services business.”
For Arkados Group, the release of the Arktic™ EM&V application represents another very significant milestone as the company focuses on developing valuable technology solutions for the Industrial Internet of Things and brings them to market. With the Arktic™ EM&V application, Arkados is able to quickly bring full-featured solutions to a range of customers in large addressable markets and optimize return on investment.
The Company’s Quarterly Report on Form 10-Q for the three month period ended August 31, 2016 is on file with Securities and Exchange Commission. To access the report, click here.
In an October, 2014 report, Gartner, Inc. forecast that, on a worldwide basis, “the endpoints of the Internet of Things will grow at a 32.5 percent compound annual growth rate from 2013 to 2020, reaching an installed base of 25 billion units.” Furthermore, in a study by Deloitte Center for Financial Services in October, 2015 states that sensor deployment in the commercial real estate sector is likely to grow at a compound annual growth rate of 78.8 percent from 2015 to 2020 to nearly 1.3 billion devices.
Verizon’s The Internet of Things 2015 report revealed that among organizations having integrated IoT into their operations, 82% reported increased efficiency; 49% saw enhancements in product quality; and 45% claimed IoT technology has increased customer satisfaction.
About Arkados Group, Inc.
Arkados Group, Inc. through its subsidiaries is a global provider of scalable and interoperable Internet of Things (IoT) solutions focused on industrial automation and energy management. The Company’s solutions are uniquely designed to drive a wide variety of wireless and powerline communication (PLC)-based products, such as sensors, gateways, video cameras, appliances and other devices. By utilizing the Company’s solutions, Arkados’ customers can bring numerous sophisticated, full-featured products to market faster at a lower overall development cost. Arkados® is a registered trademark of Arkados Group, Inc. For more information about Arkados, please visit: http://www.arkadosgroup.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, insufficient working capital, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.