Trane Technologies Showcases Industry-Leading Residential Heating and Cooling Connectivity at Consumer Electronics Show

Rhea-AI Summary

Trane Technologies (NYSE: TT) is set to showcase its innovative HVAC systems at the Consumer Electronics Show from January 5-8 in Las Vegas, NV. As a founding member of the Home Connectivity Alliance, the company will highlight the first digital solutions in the HVAC industry to integrate seamlessly with smart home devices. This initiative aims to enhance energy efficiency and user experience while paving the way for connected home energy management.

Additionally, Trane recently launched Trane Link and American Standard Link, improving HVAC service efficiency through real-time data sharing.

Positive

• Trane's participation in the Consumer Electronics Show highlights its leadership in HVAC innovation.
• Launch of Trane Link and American Standard Link introduces real-time data sharing, improving HVAC service efficiency.

Negative

• None.

Supporting the Home Connectivity Alliance’s Interface Specification 1.0, Trane Technologies driving seamless cloud-to-cloud interaction of HVAC and other smart home systems

SWORDS, Ireland--(BUSINESS WIRE)-- Trane Technologies (NYSE: TT), a global climate innovator, will join the Home Connectivity Alliance (HCA) January 5-8 at the Consumer Electronics Show in Las Vegas, NV to demonstrate mobile interactivity of its sustainable, energy-efficient Trane® and American Standard® Heating and Air Conditioning solutions with other smart home appliances and devices. Trane Home and American Standard Home are the first digital solutions in the HVAC industry to seamlessly integrate a home’s HVAC system with other smart home systems and appliances from 15 leading home solutions’ brands.

“Imagine a scenario in which your home’s HVAC system and appliances learn your family’s lifestyle patterns and automatically adjust their settings to maximize comfort, reduce energy consumption and deliver the ideal smart home experience,” said Jason Bingham, president of Trane Technologies’ Residential HVAC business. “Through an integrated mobile experience and partnerships with other brands, we are putting the homeowner first, and enabling a more sustainable future.”

As a founding member of the HCA, Trane Technologies has worked with other collaborators to launch the HCA Interface Specification 1.0, an industry standard for making smart homes more accessible and energy efficient for the consumer without compromising user experience or personal data. The industry specification also paves the way for connected home energy management, including data and insights to help consumers optimize energy usage and efficiency and achieve cost savings.

In December, Trane Technologies also launched Trane Link and American Standard Link – new, cutting-edge technology that enables more efficient home HVAC service calls through real-time data. Homeowners can elect to have their system remotely share configuration and performance data with their HVAC technician, for simplified installation, commissioning, monitoring and servicing of variable speed HVAC systems.

Look for Trane and American Standard solutions at the Home Connectivity Alliance’s C2C interoperability demonstration at the Consumer Electronics Show, Booth 52739.

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit www.tranetechnologies.com.

This news release includes “forward-looking statements” which are statements that are not historical facts, including statements that relate to Trane Home and American Standard Home, and Trane Link and American Standard Link. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, our future financial performance and targets, including revenue, EPS and operating income; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including the amount and timing of our dividends, our share repurchase program, including the amount of shares to be repurchased and the timing of such repurchases, and our capital allocation strategy, including acquisitions, if any; our projected free cash flow and usage of such cash; our available liquidity; performance of the markets in which we operate; restructuring activity and cost savings associated with such activity; and our effective tax rate. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2021, as well as our subsequent reports on Form 10-Q and other SEC filings. We assume no obligation to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230105005144/en/

Media Contact:

Shelby Hansen

+1-704-990-3835

Shelby.Hansen@tranetechnologies.com

Investors Contact:

Zachary Nagle

+1-704-990-3913

InvestorRelations@tranetechnologies.com

Source: Trane Technologies

FAQ

What new technology is Trane Technologies showcasing at CES 2023?

Trane Technologies is showcasing its integration of HVAC systems with smart home devices at CES 2023.

When is Trane Technologies participating in the CES event?

Trane Technologies will participate in the CES event from January 5-8, 2023.

How does Trane Technologies enhance energy efficiency in HVAC systems?

Trane Technologies enhances energy efficiency through its innovative HVAC solutions that integrate with smart home systems.

What is the Home Connectivity Alliance's role in smart home systems?

The Home Connectivity Alliance aims to create industry standards for seamless interaction between smart home devices, enhancing accessibility and energy efficiency.