Tribe Property Technologies Inc. (TSX-V:TRBE) said it has partnered with Wyse Meter Solutions (Wyse), a Canadian leader in smart submetering, ESG (environmental, social and governance) Reporting, electric vehicle (EV) charging, and utility expense management solutions.
The company said the partnership will introduce Wyse's innovative services to Tribe buildings across Canada, boosting environmental sustainability, smarter operations, and a superior experience for residents.
"Utility submetering offers multifamily residential buildings a system to fairly distribute utility costs among their residents and can result in significant savings for residential rental properties, condo boards and strata corporations, as well as developers," Tribe Property CEO Joseph Nakhla said in a statement. "Wyse Meter Solutions not only offers solutions for the current needs of energy management, but the company is pioneering technology to solve growing environmental issues including sustainable in-suite heating and cooling and electric vehicle charging deployment.”
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Tribe said Wyse’s submeters, which are designed to easily integrate into a building's digital ecosystem and physical space, measure and bill utility consumption of individual suites in bulk-metered buildings.
"We are excited to be teaming up with Tribe to bring convenient and effective energy management solutions to their growing portfolio," Wyse CEO Peter Mills added. "Introducing submetering to provide residents with more visibility and control of their utility consumption is the most effective way to reduce utility costs and lower greenhouse gas emissions in the building. We are excited to commence this partnership and we expect to see it develop quickly to offer additional services tailored to making residents lives easier and the world a little greener.”
Tribe manages approximately 40,000 homes made up of more than 100,000 residents. The company's proprietary community management software Tribe Home is integrated into every community with its ability to connect, inform, educate, and protect through the digitization and simplification of residential community living.
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