August 26, 2016 4:37 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

Canada

Founded in 2007

Phone:

647-428-2220

Fax:

866-592-7344

Key Executives for ecobee, Inc.

Founder, Chief Executive Officer and President
Vice President of Finance
Executive Vice President of Business Development
Vice President of IT
Vice President of Software Development
Compensation as of Fiscal Year 2016.

ecobee, Inc. Key Developments

ecobee, Inc. Presents at Parks Associates' 2016 Smart Energy Summit: Engaging the Consumer, Feb-24-2016 01:30 PM

ecobee, Inc. Presents at Parks Associates' 2016 Smart Energy Summit: Engaging the Consumer, Feb-24-2016 01:30 PM. Venue: Omni Hotel Downtown, Austin, Texas, United States. Speakers: Stuart Lombard, Founder, Chief Executive Officer and President.

ecobee, Inc. Announces the ecobee3 Smarter Wi-Fi Thermostat

ecobee Inc. announced that the ecobee3 smarter wi-fi thermostat with room sensors is the first thermostat to be directly compatible with Amazon Echo, offering homeowners added convenience and comfort in their everyday lives through Amazon’s cloud-based voice service, Alexa. Alexa, the brain behind Amazon Echo, will be able to facilitate requests from across the room. For example, users can say, “Alexa, set my thermostat to 72,” or, “Alexa, increase the temperature in my house,” to control their ecobee3. As the No. 2-selling wi-fi thermostat in North America, the ecobee3 is the only thermostat that uses room sensors to deliver comfort in the rooms that matter most. This unique design resolves a fundamental flaw in traditional thermostat design of only measuring temperature in one location, which contributes to hot and cold spots throughout the home. The ecobee3 saves homeowners an average of 23% on their heating and cooling bills. Compatible with 95% of residential homes in North America, the ecobee3 does not rely on batteries but receives power through a C-wire or its Power Extender Kit (PEK). With its Amazon Echo integration, ecobee leads the category in compatibility with smart home platforms. The ecobee3 smart thermostat is available for $249 on/in Amazon, Apple, Best Buy and Home Depot. The ecobee3 thermostat comes with one free wireless room sensor and supports up to 32 sensors. Additional room sensors can be purchased in a package of two for $79. The ecobee3 is compatible with Amazon Echo, Apple HomeKit, Samsung SmartThings and Wink. The ecobee3 is designed to be compatible with 95% of residential heating and cooling systems in North America and does not require a C-wire when using the included Power Extender Kit.

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.

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