Press release January 17, 2018

Egain launches Egain Edge

Egain launches new smart cloud service Egain Edge for property owners who want to streamline energy use and reduce costs.

Egain Edge News

Egain Group, a leading provider of Internet of Things (IoT) and cloud-based services in self-optimized heat management in apartment buildings, is launching the new Egain Edge service and a new company profile aimed at bringing the company and its customers to the next level.

The new Software As a Service Platform Egain Edge provides new opportunities for property owners, to take their environmental and energy work to the next level. A central area to improve as buildings according to EU statistics today account for 41% of all energy consumption and 36% of all greenhouse gas emissions.

Among the news in Egain Edge is a brand new tool for smartly reducing costs for peak loads, the first of its kind. In addition, the system includes performance upgrades, new capabilities to import, visualize and optimize different types of measurement data from both Egains and other vendors sensors as well as a new user-friendly design to simplify the daily work of the system.

At the product launch in Malmö (9/11), Göteborg (14/11) and Stockholm (16/11), new service packages and price model will be launched, as well as the company’s new identity and brand that in a better way reflects Egains leading position in the energy efficiency- and smart building sector that Egain with management of more than 250,000 apartments in 11 countries today has. Hundreds of customers today reduce their energy consumption by 10-20%, often with a payoff time less than 1 year.

Sven-Olof Husmark, CEO of Egain comments: “2017 has been an intensive year for us where we increased the staff by almost 40%. It feels great to end the year by launching all these very exciting news. Our team has been working hard and has made a great start for us to bring into the future. Since 2003, the company has been dominating the sector within climate-controlled heating of real estate and it is still a central part of our system, but we do so much more today. A new AI based cloud service, a new IoT platform with smart sensors and connection to 3rd party systems and a new corporate identity. We are prepared for the next phase of the company’s history.”

For more information contact:

Sven-Olof Husmark, VD, Egain Group, +46 (0)73-420 37 40 – sven-olof.husmark@egain.io

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