Carrier, ecobee to Continue Product Collaboration

Carrier, ecobee to Continue Product Collaboration

Minority equity investment follows collaboration to create the new Wi-Fi-enabled Carrier Côr thermostat ecobee created the world's first Wi-Fi-enabled smart thermostat        

Carrier Côr thermostat

Carrier Corp. has made a minority equity investment in ecobee, Inc., marking an expansion in the parties' strategic relationship following their collaboration to create the new Wi-Fi-enabled Carrier Côr thermostat. ecobee created the world's first Wi-Fi-enabled smart thermostat, delivering increased comfort and energy savings to customers. Carrier, the world's leader in high-technology heating, ventilating and air-conditioning solutions, is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp.

"The Carrier team is excited by the opportunities this relationship will provide," said Chris Nelson, president, North American HVAC, Carrier. "By bringing together the strengths of both companies, from Carrier's experience in manufacturing world-class heating and cooling products to ecobee's leadership and innovation in smart thermostats, our customers will benefit as we provide even more advanced offerings for the smart home of today and tomorrow."

"Being selected as the thermostat technology to power the Carrier Côr thermostat is significant validation and testament to the pioneering technology ecobee has been developing since 2007," said Stuart Lombard, CEO, ecobee. "This strategic relationship with Carrier will help put ecobee's energy-saving technology into more homes across America."

Terms and details of Carrier's equity investment in ecobee were not disclosed.

For more information about Carrier's home comfort solutions, visit www.carrier.com/homecomfort

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