Scottish proptech firm targets US growth
A Glasgow-based property technology firm is aiming for US market growth after landing a deal with a Californian university.
Arbnco has signed an agreement to identify energy saving opportunities and improvements in air quality at the University of California, Davis.
Founded in 2012, the company aims to improve the efficiency of buildings with smart technology.
“This is a really exciting time for Arbnco, and for Scottish innovation more generally, as we begin to translate our UK success into the US market,” said Co-founder, chief executive and chairman Maureen Eisbrenner.
“Globally, $236 billion was spent on improving energy efficiency in 2017, and 59 per cent of that was in the buildings sector, so the opportunity for Arbnco is huge both in the US and the rest of the world.”
UC Davis’s adoption of Arbnco technologies will be the first US market test for the Scottish firm, and will help the company develop its software for further deployment across the country.
The company said the adoption of its technologies would be the first US market test for the company, and would help it to develop its software for further deployment across the US.
In the first of several projects, the firm’s software will be used as part of a pilot programme funded by the US Office of Naval Research which, if successful, could lead to a demonstration on a local navy installation.
Arbnco said there is “significant potential” for its software to be utilised more widely by other branches of the US military and the US Department of Defence.