Confirmed Sponsor of Collaborative Research Study entitled “Intelligent Buildings: Design & Implementation” led by Frost & Sullivan
NEWARK, N.J., Oct. 04, 2017 (GLOBE NEWSWIRE) -- Arkados Group, Inc. (OTC:AKDS), an industrial automation and energy management company providing Industrial Internet of Things (IoT) solutions that help commercial and industrial facilities increase efficiency and reduce cost, today announced that it has joined the Continental Automated Building Association (CABA), a global not-for-profit group dedicated to the advancement of connected home and intelligent building technology. Membership is expected to raise awareness of Arkados’ cutting-edge renewable energy industry solutions through its work in the organization with key industry participants.
Through its membership, Arkados has become a confirmed sponsor of a collaborative research study entitled “Intelligent Buildings: Design & Implementation” that was recently launched through CABA’s Intelligent Buildings Council. Other confirmed sponsors include industry leaders and Fortune 500 companies. Frost & Sullivan, a highly respected consulting firm which provides market research and analysis across multiple industries and a CABA member, has been contracted to lead the research. The research will provide a comprehensive examination of all major aspects of intelligent building design and implementation, including: the state of the market, key industry players, business opportunities, technical barriers and opportunities, future market direction, issues, case studies and industry recommendations.
Terrence DeFranco, Chief Executive Officer of Arkados Group Inc., commented, “Membership in CABA underscores Arkados commitment to the growth and development of next generation smart buildings. As an emerging leader in the growing renewable energy and cleantech industries, we welcome the opportunity to participate with industry leaders in this respected industry forum. We’re proud to be among the sponsors of the important Frost and Sullivan research study as we believe that our cutting-edge energy management and IoT solutions and experience supports and furthers industry development. We believe that our solutions have a unique and significant value proposition and that exposure through CABA will help us to drive more awareness of Arkados to other industry participants.”
“CABA is pleased to welcome Arkados Group into CABA as our latest representative in renewable energy solutions and Internet of Things interoperability. Arkados is an emerging leader in this industry and we look forward to the contributions from the Arkados team as we work together to further the goals of the intelligent building industry and its members,” commented Ronald J. Zimmer, CABA President and CEO.
CABA is supported by an international membership of over 350 industry leading organizations and 28,000 individual industry contacts involved in the design, manufacture, installation, and retailing of products relating to home automation and building automation. Public organizations, including utilities and government also are members. Multiple member benefits include the opportunity to participate in and influence the direction of the industry through collaborative research opportunities and active industry councils.
About Arkados Group, Inc:
Arkados Group, Inc. is an industrial automation and energy management company providing Industrial Internet of Things (IoT) solutions that help commercial and industrial facilities increase efficiency and reduce cost. We deliver technology solutions for building and machine automation and energy conservation that complement our energy conservation services such as LED lighting retrofits, HVAC system retrofits and solar engineering, procurement and construction services. Our focus is towards the development and commercialization of an Internet of Things software platform that supports Big Data applications that complement our energy management services. More information is available at www.arkadosgroup.com.
The Continental Automated Building Association (CABA) is an international not-for-profit industry association dedicated to the advancement of intelligent home and intelligent building technologies. The organization is supported by an international membership of over 350 organizations involved in the design, manufacture, installation, and retailing of products relating to home automation and building automation. Public organizations, including utilities and government also are members. CABA’s mandate includes providing its members with networking and market research opportunities, CABA also encourages the development of industry standards and protocols, and leads cross-industry initiatives. More information is available at www.caba.org.
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to the acquisition and integration of the Solbright assets, risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to preclinical and clinical testing; our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.
Terrence M. DeFranco, Chairman/ CEO
Arkados Group, Inc.
Stephanie Prince, Managing Director
PCG Advisory Group
Arkados Group, Inc.