WattIQ was founded as Ibis Networks in 2013 to solve the problem of wasted energy from electrical devices that consume power even when not in use. This problem costs businesses billions of dollars in excess costs per year. Our first commercial product was launched in 2014, with early deployments focused on proving the scalability and reliability of our networked smart plugs across higher education, K-12 schools and projects driven through utilities.
Over the past year, we have expanded our solution offering to address asset utilization and condition monitoring, enabling businesses to use energy consumption data to optimize asset sharing, reduce unnecessary equipment purchases, identify bottlenecks in their processes, and reduce their carbon footprint through reduced purchasing and electricity consumption. We are excited to work with you to re-imagine your asset sharing, procurement and maintenance programs by unlocking your asset utilization and condition data.