Tribe Property Technologies (TSXV:TRBE) announced on Wednesday it partnered with a sustainability expert to update its properties in Canada with energy saving technologies such as HVAC solutions, EV charging stations, and LED lighting.
EnerSavings offers energy management solutions to help reduce electricity, natural gas and water costs. Its energy saving tech spans the range of lighting, EV charging, HVAC and water solutions that reduce operational expenses and greenhouse gas emissions.
“Being mindful of greenhouse gas emissions and sustainability is arguably the best opportunity to reduce global energy consumption and we at Tribe really see the value for our communities, of implementing energy-saving solutions,” said Joseph Nakhla, Tribe CEO.
Tribe’s business model involves digitizing the traditional property management industry. The company utilizes a service-tech delivery model which touches down on a wider variety of stakeholders than traditional service providers.
The company draws its revenue from recurring licensing and management fees from software and services. Other sources include transactional recurring revenue via rent or condo fees, bank fees or lease ups; and digital services and partnerships such as smart building products, financial and insurance services.
Tribe is looking to pick up targets that will add to its asset category from the North American property management industry, which it will transform via streamlining and digitization. The company’s platform offers decreased customer acquisition costs, increases retention, and the addition of value-added products and services.
Partnership aimed towards energy saving and sustainability
EnerSavings has been delivering energy efficient solutions to the industrial, commercial, institutional and multi-residential building sectors for over four decades. Its primary focus right now is on the electric vehicle and charger market. It’s doing this through offering a turn-key solution to help save time, money and energy for Canadians. Consequently, EnerSavings has partnered with Stream Energy Systems and Electric Asset to build EV-ready solutions for condominiums and hotels.
EnerSavings is also now offering a Live Energy Metering Program to providing savings for the majority of its solutions. Additionally, the company provides complementary energy saving assessments for buildings, which lead to custom solutions for buildings.
“In our current landscape energy savings are vital to help conserve the environment, stabilize electricity prices, and keep a tab on rising utility bills. Our partnership with EnerSavings is a step towards cleaner and more energy efficient communities,” said Tribe CEO Joseph Nakhla.