Co-working space adopts new smart-home technology from RYSE

https://www.globenewswire.com/news-release/2022/11/15/2555974/0/en/Co-working-space-adopts-new-smart-home-technology-from-RYSE-to-increase-comfort-and-energy-efficiency.html


Co-working space adopts new smart-home technology from RYSE to increase comfort and energy efficiency.

TORONTO, Nov. 15, 2022 (GLOBE NEWSWIRE) — WorkPlace One, a company that provides co-working spaces and offices for remote workers and entrepreneurs, is the latest commercial client to be satisfied and impressed with RYSE SmartShade technology.

“I was immediately impressed with RYSE and their SmartShade device, as well as its software automation capabilities in providing energy savings and improving the comfort of our occupants,” said Operations Manager, Adrian Wong. “Our members have often complained about extreme heat gains due to the window shades being left open during the day. RYSE SmartShade is being installed in our windows, and automated to reduce solar heat gain, harvest daylight, and save energy while improving the overall comfort of our co-working companies.”

SmartShade was created so customers could motorize their existing window shades, transforming them into something more convenient and comfortable. SmartShade can be controlled by a mobile app or the device on the shade. Installation takes less than five minutes and the device lifts window shades regardless of size or weight.

For more information about SmartShade visit: https://www.helloryse.com/products/ryse-smartshade

About RYSE

RYSE Inc. is a global provider of technology that helps solve the problem of wasted energy in homes and buildings by simply automating window shades. Their solutions provide comfort and convenience to the masses and independent living to the growing aging population and the disabled. Learn more at https://www.helloryse.com/.

Contacts

Trung Pham, Founder & CEO
Website: https://www.helloryse.com/
E-mail: [email protected]
Invest in RYSE: https://invest.helloryse.com/

RYSE Lands $1 Million Private Investment

We have just reached a major milestone in our fundraising journey!

A private investor has recently invested $1,000,000 in RYSE, putting us closer to our fundraising goal in our current $1/share round.

We are inching closer and closer to our goal of making RYSE synonymous with smart shades.

While competitors are spending time developing  expensive technologies targeted towards wealthy consumers, we are focused on automating all existing manual window shades with products that are accessible, affordable and easy to install!

Recent Acquisitions and Consolidation in the Smart Home Industry

Amazon recently announced their acquisition of iRobot for $1.7 billion!

There’s been a lot of consolidation in the smart-home industry, but the industry is still very fragmented. Big names have begun strengthening their offerings by acquiring smaller companies with deep expertise – companies like ours.

A study of mergers and acquisitions by the Harvard Business Review also shows that industries follow a 25 year cycle, evolving from an industry concentration of under 20% to over 70% upon reaching maturity.

Here are some of the hundreds of acquisitions that have occurred in our space from 2013-2017.

Recent acquisition activity supports this theory, and we expect increased M&A activity as the industry continues to mature.

  • Amazon set to acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion.
  • Generac Holdings, a leading global designer and manufacturer of energy technology solutions acquired Ecobee in a transaction valued up to $770M.
  • Assa Abloy purchases 54% of Swiss-based agta – one of the world’s leading manufacturers of automatic door systems – for $570M.

Backed by the strength of our patents and growing revenues, we may soon become a prime candidate and entry point into the automated window shades market for one of these acquirers.

RYSE in Bed Bath & Beyond

I am very excited to announce that RYSE is now an approved vendor with Bed Bath & Beyond, with our products now selling through their online store.

Bed Bath & Beyond is one of the largest retail chains for home goods, operating a total of 953 stores that have generated over $7.8B in revenue during the last fiscal year. Selling our products through their online channel is expected to drive significant online sales growth for our company. We also see this as the beginning of a long partnership that will lead to us selling through their physical retail stores.

Having our products listed in their catalog is a stamp of approval, and we will leverage our relationship with Bed Bath & Beyond when pursuing distribution deals with other retailers.