Ibis was founded in 2013 to solve the problem of wasted energy from electrical devices that consume power even when not in use. This problem costs U.S. businesses billions of dollars in excess costs per year. Our first commercial product was launched mid-2015, with early deployments focused on proving the scalability and reliability of our networked smart plugs across higher eduction, K-12 schools and projects driven through utilities.
Over the past year, we have expanded our solution offering to address asset utilization and health, enabling businesses to use energy consumption data to reduce unnecessary equipment purchases, identify bottlenecks in their processes, and reduce their carbon footprint through reduced purchasing and electricity consumption. We are excited to show you how your company can solve these problems as well, providing immediate cost savings and a strong return on investment.