Borqs Technologies and SkyCentrics Will Start Commercial Shipment of the Next Generation Modbus Adaptor in Q4 2023 for Smart Grid Appliance Manufacturers in the U.S.
28 9월 2023 - 9:30PM
Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”),
a global provider of 5G wireless and Internet of Things (IoT)
solutions, today announced that together with Silicon Valley based
SkyCentrics, Borqs will launch the next generation Modbus adaptor
products in Q4 2023 and start commercial shipments to customers.
The product is intended to be used by Smart Grid appliance
manufacturers and OEMs in the U.S. to enable Demand Response signal
delivery to and/or data acquisition from Modbus-enabled equipment
such as water heating or thermostatic control systems. The products
will support cellular and PoE connectivity and provide a certified
CTA-2045 EcoPort and OpenADR 2.0b and 3.0 to the OEM, instantly
enabling them for grid-interactivity.
Borqs and SkyCentrics announced their strategic
partnership earlier this year. The partnership includes joint
research & development, sales and promotion, as well as Borqs’
investment into SkyCentrics. Borqs has years of product development
experiences in launching its IoT and 5G products worldwide, and has
manufactured products for mobile operators and Fortune 500
companies in the U.S. and Europe. SkyCentrics is an expert in the
CTA-2045 and demand response technologies. In the partnership,
SkyCentrics will be responsible for the CTA-2045 software, ECOPORT
certification, and cloud functionality with its Demand Response
Energy & Asset Management (DREAM) platform.
“I am very pleased that together with
Skycentrics we launched the CTA-2045 ECOPORT products in Q3. And in
Q4, we will launch the next generation Modbus adaptor products. The
two companies have defined a roadmap for other products which we
plan to launch in the coming quarters,” said Pat Chan, CEO of Borqs
Technologies.
“With Borqs, we have found a high-quality
hardware design and manufacturing partner, which allows us to focus
on the software that orchestrates electrical machines in buildings
to sync their energy usage to grid prices and carbon emissions.
This will enable the grid to support a much larger penetration of
intermittent renewable energy, and lower costs for all rate
payers,” said Tristan de Frondeville, CEO of SkyCentrics.
A smart city uses various types of electronic
methods and sensors to collect data to gain insights in the
management and operation of grid loads in order to improve
efficiency and effectiveness. As a start in the development of a
smart city, mobile connected CTA-2045 devices are chosen by utility
companies across the U.S. as the platform for smart management of
water heaters, pool pumps and other products with EcoPorts.
Historically, all water heaters were ‘dumb,’ controlled by a
thermostat and randomly going on and off. The new generation of
smart water heaters, connected with CTA-2045 communication modules
can optimize their on/off schedule based on each household’s usage
pattern, grid prices and carbon emissions. A key component of
electrifying everything is ensuring that all the devices that
are electric run more often on clean, low cost energy and less
often during periods of expensive and ‘dirty’ energy. It is
estimated that the energy savings as well as carbon emission
reduction by CTA-2045 controlled residential water heaters can
produce significant carbon reduction results, with each one million
CTA-2045 equipped water heaters equating to the removal of 100,000
gasoline powered cars.
Early adoption of CTA-2045 EcoPort enabled water
heaters has been underway in low-income communities in Hawaii,
equipped together with solar and energy storage systems. Commercial
and residential markets in buildings and power grid optimization is
estimated to reach $154 billion by the year 2026, according to
Verified Market Research in their study “Global Building Automation
System Market Size By Technology, By System, By Application, By
Geographic Scope And Forecast” (Aug 2020).
SkyCentrics has been working with major
industrial equipment manufacturers to provide them retrofit kits
that will enable their embedded base of existing equipment to be
retrofit to have a CTA-2045 EcoPort which will provide an
inexpensive way to create the Grid Interactive Efficient Buildings
(GEBs) that were recently promoted by the Biden administration
quoting the “National Roadmap for Grid Interactive Efficient
Buildings” report by The Lawrence Berkeley National Lab and The
Brattle Group.
About SkyCentrics, Inc.
SkyCentrics is the leader in machine learning,
artificial intelligence and CTA-2045 EcoPort connectivity to
appliances and large electrical equipment providing building and
grid optimization. The company provides grid optimization and
Demand Response (DR) services to utilities and building owners
throughout the United States, as well as enabling other Demand
Response providers and aggregators to connect to CTA-2045 enabled
equipment through its OpenADR 2.0b cloud, REST API, and GEBTool
building management system. SkyCentrics also assists major OEMs in
enabling their products to include a CTA-2045 port, increasing the
appliances and equipment that can be orchestrated to save energy,
provide run time analytics, and optimize the grid. Building and
homeowners get web, mobile and voice controlled apps to monitor and
schedule their electric loads, while utilities and aggregators are
enabled to orchestrate millions of loads to support the grid’s
integration of renewables and mitigation of carbon emissions.
About Borqs Technologies,
Inc.
Borqs Technologies (Nasdaq: BRQS, “Borqs”, or
the “Company”) is a global leader in software and products for the
IoT, providing customizable, differentiated, and scalable
Android-based smart connected devices and cloud service solutions.
Borqs has achieved leadership and customer recognition as an
innovative end-to-end IoT solutions provider leveraging its
strategic chipset partner relationships as well as its broad
software and IP portfolio. Borqs’ unique strengths include its
Android Licenses which enabled the Company to develop a software IP
library covering chipset software, Android enhancements, domain
specific usage, and system performance optimization, suitable for
large and low volume customized products, and is also currently in
development of 5G products for phones and hotspots. Website:
www.borqs.com.
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Investor Contact:
Sandra DouVice President of Corporate FinanceBorqs Technologies,
Inc.IR@borqs.com www.borqs.com
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