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February 13, 2016 8:10 AM ET

Electronic Equipment, Instruments and Components

Company Overview of ecobee, Inc.

Company Overview

ecobee, Inc. manufactures and sells Wi-Fi enabled smart thermostats with remote sensors for residential and commercial applications. The company also offers a mobile application in support to its products through iOS, Android, and BlackBerry platforms. It sells its products through retail stores, professional HVAC contractors, and resellers, as well as its own and other online stores in North America. ecobee, Inc. was formerly known as Avaning Inc. and changed its name to ecobee, Inc. in October 2008. The company was founded in 2007 and is based in Toronto, Canada.

250 University Avenue

Suite 400

Toronto, ON M5H 3E5


Founded in 2007





Key Executives for ecobee, Inc.

Founder, Chief Executive Officer and President
Compensation as of Fiscal Year 2015.

ecobee, Inc. Key Developments

ecobee Introduces ecobee3 Smarter Wi-Fi Thermostat and Wireless Remote Sensors

ecobee is introducing the ecobee3 smarter wi-fi thermostat and wireless remote sensors. Designed for homes with more than one room, the wi-fi connected ecobee3 thermostat and remote sensors measure temperature and occupancy in multiple locations, resulting in increased comfort. In addition, customers can monitor and control their ecobee3 thermostat anytime and from anywhere, using their smartphone, tablet or computer. The ecobee3 features a stunning new design that is elegant and simplified, both in use and appearance. The thermostat's sleek black finish with rounded edges is a welcome addition to walls across North America, while the responsive, 3.5" capacitive touchscreen display features a newly designed user interface with intuitive iconography and controls that navigate like a smartphone. The ecobee3 smarter wi-fi thermostat and remote sensors measure temperatures in multiple locations to address hot and cold spots in the home and deliver comfort in the rooms that matter most. In addition, working with its remote sensors, ecobee3 recognizes which rooms are occupied and automatically adjusts the temperature based on the readings in those rooms. ecobee thermostats feature DataRhythm(TM) Technology and use thousands of data points to automatically make intelligent, and personalized heating and cooling decisions to save money on energy costs, improve home's heating and cooling performance, and ultimately make more comfortable in home. The ecobee3 thermostat constantly monitors equipment performance and will send an alert if anything is not working or working sub-optimally. Similarly, ecobee3 can send reminders to change filters, have equipment serviced, and more. ecobee3 is reliable. The ecobee3 doesn't use power stealing, which can result in sudden and unexpected failure, particularly during extreme hot or cold weather. Rather, the ecobee3 thermostat has a consistent power source that is hardwired The average installation time for the ecobee3 thermostat with remote sensor is approximately 45 minutes. The ecobee3 smart thermostat with remote sensor includes a 3-year warranty and will be available in the US and Canada for $249 beginning September 29.

ecobee, Inc. Presents at Fifth-Annual Smart Energy Summit, Feb-19-2014 09:45 AM

ecobee, Inc. Presents at Fifth-Annual Smart Energy Summit, Feb-19-2014 09:45 AM. Venue: Four Seasons, Austin, Texas, United States. Speakers: Stuart Lombard, Founder, Chief Executive Officer and President.

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