The management of FutureAir spoke to potential investors, academics, attorneys, engineers and other professionals, and telephonically to AU students today about their company and its future prospects. The company is developing the next generation of smart, clean-tech products that will bring awareness and solutions to the serious problem of indoor air pollution and the pressing need to reduce energy consumption and CO2 emissions. FutureAir’s first product is an indoor air quality (IAQ) device with an embedded sensing platform to measure and improve indoor air quality and thermal comfort.
FutureAir’s sensing platform identifies the presence of toxins and dust causing indoor air pollution, and connects with other devices to improve the indoor air environment and reduce energy consumption. FutureAir’s second product is a revolutionary ceiling fan, designed by Ross Lovegrove, who is well known for his Biomimicry (nature-inspired) inspired designs. Embedded with the same sensing platform, FutureAir’s ceiling fan will improve indoor air quality with a custom filter and by connecting wirelessly with air conditioning and other indoor air devices to improve thermal comfort and energy efficiency.
FutureAir’s products employ low cost sensors paired with algorithms and expert smart Internet of Things (IoT) software engineering.
Features include:
- Lovegrove-design;
- an app to measure and monitor health, quality and comfort of indoor air;
- machine-learning and IoT-enabled connectivity to collect data and improve energy efficiency;
- air quality sensors: PM (particulate matter) 0.1-2.5 micrometers, VOC, CO2;
- thermal comfort sensors: smart aggregation of temperature and humidity; and,
- Cradle-to-Cradle assembly with healthy reusable materials.
FutureAir’s proprietary sensing platform has been actively collecting data at multiple partner pilot locations in NYC with a functioning dashboard and app.
The company is raising seed capital from impact investors, with funds to be used for manufacturing of sensing platform (printed circuit board), IAQ device and ceiling fan prototypes, fluid dynamic studies, completion of mobile app, HR, IP, legal services, operations, marketing and pre-sales.
FutureAir is also exploring early revenue through third-party sales of its sensing platform to luxury design brands such as Italian manufacturer Boffi. Design and development of a fully functional mobile app is underway. The IAQ device is prototyped and in the next stage of development for manufacturing; small-scale 3D printed version of the ceiling fan is ready to prototype full-scale.
FutureAir’s B2B market includes Architects, Interior Designers, Purchasing agents, Property developers on new and retrofit projects, homes, hotels, hospitals, offices and universities, as well as certified LEED, Well, Green, Net Zero Building and Smart cities.