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Barghest Building Performance Wins 2016 Frost & Sullivan Award for ‘Energy Management Solutions Entrepreneurial Company of the Year’

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Homegrown energy management company Barghest Building Performance Pte Ltd (“BBP”) received the “Energy Management Solutions Entrepreneurial Company of the Year Award” at Frost & Sullivan’s 2016 Excellence Awards.
Cecilia Chang, Senior Vice President at Frost & Sullivan, presents Barghest Building Performance’s COO C.V. Kumar and CEO Poyan Rajamand (left to right) the ‘Energy Management Solutions Entrepreneurial Company of the Year Award’
The Frost & Sullivan Excellence Awards honour companies that have demonstrated excellence in their respective industries. Candidate companies are identified based on in-depth interviews, analysis and extensive secondary research. They are subsequently assessed on their revenue, market share, capabilities and overall contributions to their industries.
BBP is IMDA-accredited and works with several clients in Singapore to reduce energy usage and achieve the Building and Construction Authorities’ Green Mark award for their buildings. In tropical countries such as Singapore, a significant portion of ongoing building costs can be attributed to inefficient Heating Ventilation and Air-Conditioning (“HVAC”) operations.
BBP adds a layer of intelligence to existing HVAC systems at no upfront cost, and is paid a portion of clients’ dollar savings. Using its patent pending algorithm, the solution actively controls and balances different HVAC components to perform in the most energy-efficient manner, without any impact on its client’s day-to-day operations.
The Energy Management Solutions Entrepreneurial Company of the Year Award recognises BBP’s potential as a company, having demonstrated excellence in growth, innovation and leadership. Such excellence typically translates into superior performance in three key areas: demand generation, brand development and competitive positioning.
Mr. Poyan Rajamand, CEO of BBP, said: “At BBP, we believe that energy efficiency should make business sense. Our solution can be installed within weeks with no impact on day-to-day operations and no financial costs, which gives us real customer appeal. This prestigious award from Frost & Sullivan is a testament to our team’s hard work and innovative offerings.”
Mr. Suchitra Sriram, Senior Consultant at Frost & Sullivan – Energy & Environment, Asia Pacific said: “BBP’s highly-focused value proposition in the Singapore energy management solutions market tackles energy efficiency challenges for several existing commercial and industrial buildings, enabling customers to operate profitably and efficiently.”
“The company’s innovative software, especially in the HVAC segment, can be seamlessly integrated into existing buildings allowing customers to adopt a highly cost-effective solution without operational disruption. With immense potential to expand its customer base, BBP is well-positioned to create a brand-defining customer ownership experience in a highly competitive market,” Mr. Sriram added.
In August 2016, BBP received the accreditation status under the Accreditation@IMDA programme. The accreditation status provides assurance on BBP’s product capabilities and delivery capabilities to its customers. Through the market access platforms established by Accreditation@IMDA, BBP will be able to gain more traction within the Singapore government and enterprise sectors.
Mr Edwin Low, Director of Accreditation@IMDA, said: “We are extremely pleased that BBP has been awarded the Energy Management Solutions Entrepreneurial Company of the Year by Frost & Sullivan. It is yet another testament to the growth potential of this company. We are looking forward to work with Poyan and team to grow their business.”
BBP currently operates in Singapore and Malaysia. It is exploring opportunities to expand its footprint throughout Southeast Asia.
About Barghest Building Performance
Barghest Building Performance (“BBP”) is a technology provider in the energy space which offers conservation solutions for buildings. BBP’s platform uses cloud-based technology and advanced analytics to operate existing equipment at optimal levels to achieve long-term energy savings that are measureable and sustainable. The technology is installed without upfront costs to clients and is paid through the energy savings achieved. Besides their primary focus on air conditioning systems, BBP offers a range of energy efficiency-related services, including support in Green Mark Certification processes. BBP team members have been involved in numerous projects to help clients reach their Energy Efficiency and Green Mark Certification goals.
BBP’s clients includes Phillips Lumileds, Resorts World Sentosa, Shangri-La Hotels & Resorts, Capitacommercial Trust, HSBC, Changi Airport Singapore and Hewlett Packard.
To learn more about BBP, please visit: http://www.bbp.sg/
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Written by asiafreshnews

October 19, 2016 at 10:23 am

Posted in Uncategorized

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