BrainBox AI, a pioneering leader in autonomous building technology, today announced a deal with AMP Capital to deploy its revolutionary artificial intelligence (AI) technology across the global investment management company's entire managed real estate portfolio. AMP Capital, one of the largest investment managers in APAC, now becomes the first organization in the world to install an autonomous AI HVAC (heating, ventilation, and air conditioning) system across its managed real estate portfolio, which includes central business district office buildings, retail shopping centers and logistics facilities throughout Australia and New Zealand.
With this ground-breaking agreement, BrainBox AI is now further expanding its global presence in The Americas, EMEA and APAC. The rollout with AMP Capital comes only days after BrainBox AI's recent announcement of its launch in Europe, with its technology now available in the U.K., Ireland, and Italy. It also follows the company's recent resale partnership with Hong Kong-based Sunland Cleantech.
"In an ever-evolving commercial real estate market, companies around the world face mounting pressure to address environmental concerns while maintaining low running costs to ensure they can deliver the highest possible returns to their shareholders and investors," said Sam Ramadori, President at BrainBox AI. "Our partnership with AMP Capital is a great example of how BrainBox AI can help a real estate owner, anywhere in the world, make their portfolio fully autonomous and achieve levels of efficiency that are only possible with AI."
"We are delighted to adopt this cutting edge technology to reduce our carbon footprint and make our buildings a more comfortable place for our customers to work or visit," said Daniel Lepore, Head of Asset Technology at AMP Capital. "For too long, air conditioning systems have been too slow to react to changes in the weather, wasting energy and costing both the environment, tenants and investors. Now, we won't have to wait for customers to pick up the phone, the system will respond before there is even an issue. This exciting initiative is also another step towards reducing our carbon footprint, taking us ever closer to our Net Zero Carbon aspirations and delivering our 2030 Sustainability strategy."
BrainBox AI offers a unique technology combining deep learning, cloud-based computing and autonomous decision making to support a 24/7 self-operating building. BrainBox AI's solution enables the HVAC system in a building to operate autonomously, in real-time, generating up to a 25% reduction in total energy costs, a 20-40% reduction in carbon footprint and a 60% increase in occupant comfort.