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Pluribus Company Rowanwood Integrates with Sava Intelligent Energy


News provided by

Pluribus Technologies Inc.

18 Jul, 2023, 11:45 GMT

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TORONTO, July 18, 2023 /PRNewswire/ -- Rowanwood Professional Services Ltd. ("Rowanwood"), a Pluribus Technologies (TSXV: PLRB) portfolio company that provides property asset management ("Apex") software, today announced it has integrated its new ("Carbon Hub") an energy management solution with Sava Intelligent Energy, a Sava Technology Ltd. ("Sava") product.

Sava Intelligent Energy provides energy rating and performance calculations and analytics for reducing energy and carbon in housing. Built using Sava's 40 years' experience at the forefront of energy modelling, Sava Intelligent Energy is used by over 200 housing providers throughout the UK, analyzing a combined portfolio of over 3 million properties. Sava Intelligent Energy is a powerful toolset that helps property managers to calculate carbon and fuel cost outputs, perform analysis to gain a deeper insight into the property energy needs and to perform scenario modelling to build the optimum costed improvement plan to meeting Government carbon targets.

"Being able to seamlessly share information between Cloud applications will lead to more informed business decisions that support better energy data management. This allows for more cost-efficient property investment options with a tangible reduction in the overall carbon operating costs for the tenant" said Steve Brook, Managing Director of Rowanwood. "Partnering with the UK leader in energy analytics and investment modelling solutions for the housing industry will drive meaningful efficiencies and support an improved user experience for both companies' mutual customers in addition to raising the profile of Rowanwood's solutions."

Energy data and other analytical information collected and managed within Rowanwood's Carbon Hub product will synchronize into Sava Intelligent Energy performing background energy calculations and providing the customer with real-time energy performance and carbon outputs. The customer can then perform extensive analysis on their properties, building a cost-effective energy improvement plan which is then synchronised back into Carbon Hub for managing, planning and monitoring of the delivery of the work. The integration will be available in the coming weeks with the onboarding of Rowanwood's first Carbon Hub customer.

Richard Adair, CEO of Pluribus adds "Through this new technology, Rowanwood and Sava customers can achieve Carbon Net Zero targets with Carbon Hub that was designed and developed based on the foundations of our proven asset management solution."

About Rowanwood Professional Services Ltd.
Rowanwood a wholly owned subsidiary of Pluribus Technologies Corp. (TSXV: PLRB), provides cloud-based property asset management and energy management solutions to customers managing in excess of 1 million property assets. The business solutions help organisations manage their property portfolio and achieve compliance. Both are integrated modular solutions designed for property managers, incorporating Core Asset Management, Asbestos Management, Planned Maintenance, Servicing & Inspections, Energy Management, Risk Management and Mobile surveying. For more information, please visit: www.rowanwood.ltd.

About Pluribus Technologies Corp.
Pluribus is a technology company that is a value-based acquirer of small, profitable business-to-business technology companies in a range of verticals and industries. Pluribus provides its acquisitions access to experienced sales and marketing resources, strategic partnership opportunities, a diverse portfolio of customers in different geographical markets and enabling technologies to create new revenue streams and provide the opportunity for these companies to grow in their respective markets. For more information, please visit: www.pluribustechnologies.com.

Forward-Looking Information

Certain information in this press release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking information in this press release includes, but is not limited to, statements with respect to the business plans of the Company, including the successful completion and pace of future acquisitions, the Company management's expectation on the growth, profitability and performance of its current and future acquisitions, the Company's ability to continue acquiring business-to-business technology companies at reasonable prices and the Company's ability to grow its portfolio companies into significant organizations. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or negatives of these terms and similar expressions.

Forward-looking statements are based on certain assumptions, including the Company's ability to complete acquisitions on favourable terms; the Company's ability to manage a complex portfolio of companies effectively; the Company's ability to scale its management team to support a rapid pace of growth; the Company's ability to raise sufficient financing to continue the pace of its acquisition strategy; the Company's ability to maintain its rapid pace of growth. Other assumptions include industry trends, the availability of growth opportunities, and general business, economic, competitive, political, regulatory and social uncertainties will not prevent the Company from conducting its business. While the Company considers these assumptions to be reasonable based on information currently available, they are inherently subject to significant business, economic and competitive uncertainties and contingencies and they may prove to be incorrect. Forward-looking information speaks only to such assumptions as of the date of this release.

Forward-looking statements also necessarily involve known and unknown risks, including without limitation, risks associated with general economic conditions, including the COVID-19 pandemic, adverse industry events, marketing costs, loss of markets, future legislative and regulatory developments, the inability to access sufficient capital on favourable terms, the Company's limited operating history; ability to complete favourable acquisitions; the technology industry in Canada and internationally, income tax and regulatory matters, the ability of the Company to execute its business strategies, including the ability manage a complex portfolio of companies effectively, competition, currency and interest rate fluctuations, and other risks.

Readers are cautioned that the foregoing is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ from those anticipated. Forward-looking statements are not guarantees of future performance. The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Contact:

Richard Adair
Chief Executive Officer
Pluribus Technologies Corp.
1 (800) 851-9383

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