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Turntide Technologies To Acquire Cloud-Based Building Automation Software Company Riptide

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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. ....

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JBT Corporation (JBT) Q4 2020 Earnings Call Transcript

Operator
Good morning, and welcome to JBT Corporation s Fourth Quarter and Full Year 2020 Earnings Conference Call. My name is Denise and I will be your conference operator today. [Operator Instructions]
I will now turn the call over to JBT s Vice President of Investor Relations, Megan Rattigan, to begin today s conference.
Megan Rattigan
Vice President, Investor Relations and Controller
Thank you, Denise. Good morning, everyone. Welcome to our fourth quarter and full Year 2020 conference call. With me on the call is our Chief Executive Officer, Brian Deck; and our Chief Financial Officer, Matt Meister.
In today s call, we will use forward-looking statements that are subject to the Safe Harbor language in yesterday s press release and 8-K filing. JBT s periodic SEC filings also contain information regarding risk factors that may have an impact on our results. These documents are available in the Investor Relations section of our website. Also, our discus ....

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