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TrustBIX Inc. Signs on as a Value-Added Reseller of BuildSense Energy Management Solutions, a Green Metrics Technologies Product
Edmonton, Alberta--(Newsfile Corp. - December 7, 2020) - TrustBIX Inc. (TSXV: TBIX) ("TrustBI...
About this update from Trustbix, Inc.
[{"type":"text","content":"TrustBIX Inc. Signs on as a Value-Added Reseller of BuildSense Energy Management Solutions, a Green Metrics Technologies ProductEdmonton, Alberta--(Newsfile Corp. - December 7, 2020) - TrustBIX Inc. (TSXV: TBIX) (\"TrustBIX\" or the \"Company\") is pleased to announce that it has signed a three-year agreement with Green Metrics Technologies Ltd (\"Green Metrics\") whereby the Company will act as a reseller of the Green Metrics BuildSense® suite of energy management solutions.The solutions covered by this agreement include:Build Aware - software and professional services that facilitate collection of energy usage data to benchmark an operation's baseline energy usage against peers;Build Sight - software and professional services that capture on-premise electrical and mechanical systems for further analysis of load and consumption patterns;Build Sense - hardware and professional services to install an energy management solution based on the insights generated from Build Aware and Build Sight, combined with an ongoing Software-as-a-Service (\"SaaS\") monitoring solution.TrustBIX has been granted an exclusive license to market and sell these solutions to the primary-production, retail, wholesale and manufacturing industries in the agriculture and agri-food sectors in Canada, the United States, Mexico, and China. According to Statistics Canada, there are over 75,000 medium-to-large-scale farming operations in Canada alone that represent one addressable market for these energy management solutions. Of this total, 13,000 are in beef production and feedlot operations, a market where TrustBIX has an established presence with its BIX and ViewTrak solutions. This number grows significantly when looking at the US market, where ViewTrak is also well established in feedlot operations with our Feedlot Solutions software suite.This agreement marks TrustBIX's entry into a complementary line of business, which acknowledges the increasing importance of Environment, Social, and Governance (\"ESG\") considerations by customers and investors. The existing Strategic Sourcing solutions give processors and retailers insight into what food ingredients and attributes are available. Now, the Company can provide insights into how that food is produced. By quantifying baseline energy usage and reductions, TrustBIX can help processors reduce their Scope ...