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SUNNYVALE, Calif., March 1, 2021 /PRNewswire/ Turntide Technologies (Turntide), the company responsible for the Smart Motor System, the world s most sustainable electric motor with digital DNA, announced today that it has signed a definitive agreement to purchase Riptide, a next-generation building automation company whose software is driving the transition to smart, cloud-managed buildings.
The operation of buildings is responsible for 40% of CO2 emissions worldwide. According to the U.S. Department of Energy (DOE), one-third of energy used in commercial buildings is wasted. Smart building technology adds an intelligent layer to eliminate this waste and inefficiency by automatically controlling lighting, air conditioning, heating, ventilation and other essential systems.