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PROFILED COMPANY
The Internet of Things (IoT) has entered the mainstream vernacular and its transformative effects can be seen across all industries and regions. One company, Buddy Platform Limited (“Buddy”,ASX:BUD), is tapping into the IoT to bring simple and affordable solutions to its customers to increase energy efficiency, create smarter infrastructure and apply more pro-active, data-driven decision making. Based in Seattle – the global ground zero for cloud-tech, and featuring Microsoft Corporation amongst its earliest investors and closest partners – Buddy is a prime vehicle for investing in smart city based IoT technologies. Worldwide spending on the IoT is set to reach $772.5 billion in 2018, a 14.6 percent increase over the $674 billion spent in 2017 and is expected to surpass the $1 trillion mark in 2020 and reach $1.1 trillion in 2021.Against the backdrop of the global movement toward more energy efficient practices(Paris Climate Agreement, United Nations’17 Sustainability goals, etc.) and with buildings consuming 70 percent of all electric-ity and emitting 40 percent of all green-house gases around the world, Buddy saw an opportunity to develop engaging technology to make it easy for people to gain insights and make more informed decisions that positively impact their businesses, their communities and the environment. “Simply put, Buddy’s vision is to make every space smarter,” said David McLauchlan, CEO of Buddy Platform. The company’s Buddy Ohm resource monitoring solution is used by commercial building operators, schools, hotels, and others to simplify building operations and provide peace of mind by harnessing real-time utility and operational data to reduce or mitigate risk, improve operations, savings and sustainability. The product is distributed around the globe by the world’s largest technology distributor, Ingram Micro. The backbone of Buddy Ohm is the Buddy Cloud that enables ubiquitous access to and storage of data from any environment in support of smarter, healthier spaces. Any spaces. Originally developed to connect disparate systems within smart cities and buildings, Buddy’s technology is now inside Airstream’s 2019 Classic travel trailer coordinating communication between the trailer,Buddy Cloud and the RV owner. It enables functions such as lighting, air conditioning, awnings, water, propane, battery levels and more to be controlled and monitored remotely, transforming the user’s experience and comfort.The company attributes much of its success to the stable of talent it has managed to attract. The company boasts former Microsoft, Amazon and Google employees amongst its ranks, including a former manufacturing executive from Microsoft’s Xbox division and later Sonos, with responsibility for manufacturing the Buddy Ohm hardware product line. In an industry where engineering, business and strategic talent make all the difference, Buddy is punching well above its weight.From connecting functions and amenities within trailers to monitoring energy resources within buildings, to unifying city infra-structure, Buddy offers affordable, smart connectivity and monitoring solutions for many IoT use cases.
ABOUT BUDDY
Buddy Platform Limited (BUD.ASX) provides simple, affordable and engaging solutions for customers of any size to make their spaces smarter and their occupants more efficient,environmentally-aware and informed. BuddyCloud, Buddy Ohm and Parse on Buddy are the company’s core offerings that empower its customers to fully leverage digital technologies and their impact in a strategic and sustainable way.
Buddy Cloud enables ubiquitous access to and storage of data from any environment – recreational vehicles, schools,commercial buildings or an entire city – in support of smarter, healthier spaces.
BuddyOhm is a resource monitoring solution that simplifies building operations and provides peace of mind by harnessing real-time utility and operational data to reduce or mitigate risk and improve operations, savings and sustainability.
Parse on Buddy is a mobile backend as a service (mBaaS) built on the world’s most popular BaaS technology. Buddy Platform is headquartered in Adelaide, Australia, with offices in Seattle, Washington.
