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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Nomad Go Announces Computer Vision Solution to Reduce Greenhouse Gas Emissions, Developed in Microsoft and Sony’s Co-Innovation Lab

August 17, 2021 GMT

KIRKLAND, Wash.--(BUSINESS WIRE)--Aug 17, 2021--

Nomad Go today announced a new version of its dynamic HVAC solution using the intelligent vision sensor IMX500 commercialized by Sony Semiconductor Solutions Corporation (“Sony”) and Microsoft Azure AI. Developed with the support of the newly established Co-Innovation Lab operated by Microsoft and Sony, the solution is aimed at helping the real estate industry reduce CO2 emissions and energy costs by over 30% in buildings. The solution uses AI and computer vision to make buildings more sustainable, while also accelerating customers’ return on investment by reducing hardware and infrastructure costs.

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Commercial buildings account for 39% of global CO2 emissions. One key reason for this is that HVAC systems in buildings are controlled by set schedules rather than by actual room occupancy. This results in long periods of heating, cooling, and ventilating empty spaces and leads to unnecessary energy expenses, decreased net asset value of buildings, and wasted CO2 emissions.

“Nomad Go’s edge AI solution combined with Sony’s intelligent vision sensor IMX500 are expected to be an excellent match for the real estate industry’s efforts to reduce greenhouse gas emissions while lowering energy costs,” said Yuki Tsuji, Deputy General Manager, System Solution Business Development at Sony. “Our IMX500 contributes to reducing bandwidth and latency, enabling more responsive and cost-effective HVAC operations. We look forward to ushering in more meaningful business opportunities like this for our customers and development partners.”

Nomad Go’s new solution combines three vital elements necessary to replace set HVAC schedules with a dynamic solution that heats, cools, and ventilates spaces only when they are occupied:

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Together, they enable any owner and operator to easily deploy a scalable solution to their entire building. While traditional video analytics systems require expensive video hardware and high bandwidth costs, this solution reduces expenses across all areas to provide a faster ROI.

“The Co-Innovation Lab experience is a highly effective way to ideate, design and implement powerful edge AI solutions through an expedited development process,” noted David Greschler, CEO and co-founder of computer vision systems company Nomad Go. “Our latest deployment for commercial and multi-family buildings quantifies how our AI edge computer vision platform contributed to a reduction of carbon emissions and energy costs by over 30%. What’s more, with direct access to resources and guidance from Sony and Microsoft through the lab program, we saw more than a 50% reduction in up-front costs compared to traditional AI edge solutions available in the market.”

“With Microsoft Azure AI capabilities embedded on Sony’s intelligent vision sensor, Nomad Go will be able to offer its customers a solution that will significantly cut down on CO2 emissions from commercial buildings,” said Rashmi Misra, head of AI, mixed reality and silicon business development, Microsoft. “By leveraging these cutting-edge imaging and sensing technologies for high-speed edge AI processing, Nomad Go’s customers will be able to manage their HVAC systems much more efficiently and sustainably.”

Nomad Go developed this version of its solution as part of Microsoft and Sony’s Co-Innovation Lab program. The lab, created as part of Sony and Microsoft’s broader partnership, provides independent software vendors (ISVs), developers and enterprise customers with the tools, knowledge, and global resources they need to create new smart camera solutions. Through its work in the lab, Nomad Go benefitted from complimentary technical and engineering support to more quickly ideate, develop, prototype, and test the solution in a short period of time, working closely with Microsoft and Sony experts along the way.

To learn more about the joint solution, visit www.nomadgo.ai/blog/innovationlab. To learn more about the Co-Innovation Lab, visit https://www.microsoftiotinsiderlabs.com/500 or see Microsoft’s and Sony’s recent blog posts.

About Nomad Go

Nomad Go AI allows businesses to understand and improve the real world like never before. With our out-of-the box computer vision solution delivered on the edge, businesses across all industries can unlock actionable knowledge about any physical environment to make spaces healthier, sustainable, and energy efficient. www.nomadgo.ai

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CONTACT: Janice Bedsole

janice@bedsoleandcompany.com

781-789-6108

KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON

INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS OTHER ENERGY UTILITIES OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE ENERGY COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY BUILDING SYSTEMS ENVIRONMENT SOFTWARE NETWORKS HARDWARE

SOURCE: Nomad Go

Copyright Business Wire 2021.

PUB: 08/17/2021 10:00 AM/DISC: 08/17/2021 10:02 AM

http://www.businesswire.com/news/home/20210817005090/en