Intel Partnership Creates Revenue for Building Owners & Managers

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Entrepreneur Syed Ahmed (best known for his appearance on The Apprentice), the founder and MD of the multi-award winning hand drying technology manufacturer, SAVORTEX, has teamed up with Intel to launch the adDryer, the world’s first smart and revenue share producing hand dryer for the corporate washroom sector. It follows successful trials at Heathrow Airport, RBS and the British Library, and the recent announcement of SAVORTEX as a Successful Innovator by the American Fortune 500 corporation Cummins, as part of its Environmental Gateway programme.

The adDryer is an IoT-enabled smart dryer which includes a digital screen that can deliver tailored, high-definition video messages to users, which can be used for internal marketing or as an additional revenue stream. By working with the building owner, SAVORTEX can create an audience value of the estate based on the users of the building, for example gender, age and occupation. The company’s media buyers can then use this information to set and agree a cost per view rate that will be paid to the building owner each time someone uses an adDryer and sees an advert, thus creating revenue.

Built on Intel technology, the adDryer also alerts cleaners to washroom needs based on actual footfall allowing companies to transform wasteful and costly commercial washrooms into connected, hygienic, and sustainable revenue-producing assets.

SAVORTEX’s range of energy saving and smart EcoCurve hand dryers has been designed to transform the washroom market by delivering unrivalled levels of sustainability, energy savings and operational resource savings from the analysis of meaningful data. Each of the dryers in the range shares the same features including:

  • A sleek sustainable design
  • A depth of just 134 mm
  • A patented energy recovery and curved air delivery technology which results in a 66% energy saving compared to any other dryer on the market and 97% savings when compared to using paper towels

Syed Ahmed, Managing Director at SAVORTEX said: “The aim of the EcoCurve range is to disrupt the washroom sector.  With a focus on smart connected devices, providing data and insights for operators, it is unique in the market. The adDryer allows companies to transform wasteful and costly commercial washrooms into connected, hygienic, and sustainable revenue-producing assets. This revolutionary product that will help businesses reduce costs and boost revenue.”

Rod O’Shea, EMEA IoT Group Director, at Intel UK, said: “This is Intel’s first foray into the hand drying sector. It is a great opportunity to demonstrate how with smart building management and connected devices, enterprises can use data to drive additional revenue streams while reducing operational costs and saving energy. We are proud to work with SAVORTEX, co-developing a product which we can bring to market to drive great customer experiences.”

Martin McCourt, former CEO at Dyson, said: “It is fantastic to see a British company leading the way in technological innovation. SAVORTEX is a forward thinking and dynamic company with a product range that will revolutionise the washroom sector. I was instantly impressed with the adDryer and look forward to seeing what they do next.

April 26, 2017 at 12:52PM

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from Dylan Jones

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Intel Partnership Creates Revenue for Building Owners & Managers

http://ift.tt/eA8V8J

Entrepreneur Syed Ahmed (best known for his appearance on The Apprentice), the founder and MD of the multi-award winning hand drying technology manufacturer, SAVORTEX, has teamed up with Intel to launch the adDryer, the world’s first smart and revenue share producing hand dryer for the corporate washroom sector. It follows successful trials at Heathrow Airport, RBS and the British Library, and the recent announcement of SAVORTEX as a Successful Innovator by the American Fortune 500 corporation Cummins, as part of its Environmental Gateway programme.

The adDryer is an IoT-enabled smart dryer which includes a digital screen that can deliver tailored, high-definition video messages to users, which can be used for internal marketing or as an additional revenue stream. By working with the building owner, SAVORTEX can create an audience value of the estate based on the users of the building, for example gender, age and occupation. The company’s media buyers can then use this information to set and agree a cost per view rate that will be paid to the building owner each time someone uses an adDryer and sees an advert, thus creating revenue.

Built on Intel technology, the adDryer also alerts cleaners to washroom needs based on actual footfall allowing companies to transform wasteful and costly commercial washrooms into connected, hygienic, and sustainable revenue-producing assets.

SAVORTEX’s range of energy saving and smart EcoCurve hand dryers has been designed to transform the washroom market by delivering unrivalled levels of sustainability, energy savings and operational resource savings from the analysis of meaningful data. Each of the dryers in the range shares the same features including:

  • A sleek sustainable design
  • A depth of just 134 mm
  • A patented energy recovery and curved air delivery technology which results in a 66% energy saving compared to any other dryer on the market and 97% savings when compared to using paper towels

Syed Ahmed, Managing Director at SAVORTEX said: “The aim of the EcoCurve range is to disrupt the washroom sector.  With a focus on smart connected devices, providing data and insights for operators, it is unique in the market. The adDryer allows companies to transform wasteful and costly commercial washrooms into connected, hygienic, and sustainable revenue-producing assets. This revolutionary product that will help businesses reduce costs and boost revenue.”

Rod O’Shea, EMEA IoT Group Director, at Intel UK, said: “This is Intel’s first foray into the hand drying sector. It is a great opportunity to demonstrate how with smart building management and connected devices, enterprises can use data to drive additional revenue streams while reducing operational costs and saving energy. We are proud to work with SAVORTEX, co-developing a product which we can bring to market to drive great customer experiences.”

Martin McCourt, former CEO at Dyson, said: “It is fantastic to see a British company leading the way in technological innovation. SAVORTEX is a forward thinking and dynamic company with a product range that will revolutionise the washroom sector. I was instantly impressed with the adDryer and look forward to seeing what they do next.

April 26, 2017 at 12:52PM

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from Dylan Jones

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Everyone hates the OCC’s fintech charter specifics – American Banker

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American Banker

Everyone hates the OCC’s fintech charter specifics
American Banker
WASHINGTON — The Office of the Comptroller of the Currency’s most detailed blueprint yet for its special-purpose national bank charter for fintech companies appears to have eroded support for the idea among its backers and solidified opposition to it

April 26, 2017 at 11:05AM

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Ohio investors want to accelerate ‘fintech’ start-ups – Dayton Daily News

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Dayton Daily News

Ohio investors want to accelerate ‘fintech’ start-ups
Dayton Daily News
With the backing of some Ohio blue-chip companies, a business accelerator is being launched with an eye on bringing forward promising start-ups in the financial technology sector. KeyBank, Progressive, Kroger Co., Grange Insurance, Huntington
A New Fintech Accelerator Emerges, Backed by Ohio Industry GiantsYahoo Finance

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April 26, 2017 at 08:05AM

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Sao Paulo Emerges as a New LatAm Hub of FinTech Startups – Nearshore Americas

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Sao Paulo Emerges as a New LatAm Hub of FinTech Startups
Nearshore Americas
Brazil has more fintech startups than any other country in Latin America, with venture capital investment reaching US$161 million in 2016. By Narayan Ammachchi April 25, 2017. By Narayan Ammachchi. Share. Nearshore Café, Nearshore Americas’ Podcast …

April 26, 2017 at 05:03AM

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CFPB’s ‘project catalyst’ failed. Fintech deserves better – American Banker (subscription)

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CFPB’s ‘project catalyst’ failed. Fintech deserves better
American Banker (subscription)
After the financial crisis, a new agency was created with the promise of taking on Wall Street, but in a new and different way. Seemingly innocuous in name, the Consumer Financial Protection Bureau promised to be a 21st-century, data-driven agency.

April 26, 2017 at 04:32AM

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XY Planning Network holds fintech competition – InvestmentNews

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InvestmentNews

XY Planning Network holds fintech competition
InvestmentNews
Financial technology companies with a new product aimed at Gen X and/or Gen Y clients can now enter a contest sponsored by the XY Planning Network to identify the best new fintech products for advisers serving that market. The XY Planning Network, …
XYPN Announces 2nd Annual #XYPN17 Advisor Fintech CompetitionPR Newswire (press release)

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April 26, 2017 at 04:02AM

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