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For Immediate Release
Aircuity Receives $6M Investment to Exploit Growth Opportunities
Aircuity looks to continue advancing the adoption and value of
Airside Efficiency in the marketplace
NEWTON, Mass., USA – April 8, 2015 – Aircuity, the smart Airside Efficiency company, is pleased to announce the
receipt of a $6.245 million investment in expansion capital. The investment was organized by Aircuity’s lead investor,
Source Squared. New investors include Rivas Capital LLC, Sigma Emerging Markets Ltd, SQP Ltd, a UK investment
company and Rick Pierro. Led by Rivas Capital LLC and Sigma Emerging Markets Ltd, investors provided $5 million of the
total financing, with the balance provided by Source Squared. The new funds will support a five year expansion plan to
accelerate growth into the rapidly expanding Airside Efficiency market.
Aircuity is the leading Airside Efficiency company worldwide, providing significant energy savings for commercial and
institutional building owners while simultaneously improving the safety, comfort and productivity for occupants through
continuous monitoring of the indoor environmental quality. Airside Efficiency is one of the single best program
measures clients can pursue. Typical results are in a 25% to 50% reduction in HVAC related energy costs, where best
results are achieved in 100% outside air facilities and highly variable occupied spaces. The company delivers their airside
solutions to clients in the Higher Education, Research and Life Sciences, Commercial Office, K-12, Healthcare,
Government and Public Assembly sectors. To date Aircuity has orders for over 600 systems in 16 countries.
“We are witnessing the perfect combination of factors to fuel extraordinary growth in our business,” said Dan Diehl,
Aircuity Chief Executive Officer. “Awareness of Airside Efficiency as a program is on the rise, specifically to address
continued demand to significantly reduce emissions while attaining efficiency goals. We have proven our solution with
best in class clients in every sector we serve and our solutions enable a diverse variety of constituents to provide safe
and productive working environments which are aligned with their core business objectives. With our recently
introduced system enhancements, we are providing even better returns for our clients; simply put, the timing is right for
robust market expansion.”
“We are confident that our market opportunity is in excess of $5 billion. We know that in North America alone, there are
approximately 10,000 laboratory facilities spending more than $7.5 billion a year on energy. Worldwide, the number of
lab facilities approximately doubles. While labs are certainly the most energy intensive facilities our clients operate, we
are seeing our business grow in almost every market due to adoption across a wider range of more complex buildings
and with the demand for intelligent and life cycle cost solutions. This funding will give us the resources we need to
service this tremendous opportunity.”
About Aircuity
Aircuity is the smart airside efficiency company providing building owners with sustained energy savings through its
intelligent measurement solutions. By combining real-time sensing and continuous analysis of indoor environments, the
company has helped commercial, institutional and lab building owners lower operating costs, improve safety and
become more energy efficient. Founded in 2000 and headquartered in Newton, MA, Aircuity’s solutions have benefited
organizations such as the University of Pennsylvania, Eli Lilly, Masdar City, the Bank of America Tower and the University
of California-Irvine. For additional information on the company and its solutions, please visit: http://www.aircuity.com.
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Media Contact:
Sarah Callahan
Marketing Manager
Phone: 617-641-8848
E-mail: [email protected]
Aircuity Inc. | 55 Chapel Street | Newton, MA 02458 | 617.641.8800 | aircuity.com