Emphasis is placed on 5 kWh units series tied to 20 kWh per project. The system also connects users to internet-enabled appliances and devices in the home or business through a smartphone, tablet or computer. The system measures the electric power consumption at the grid's edge and matches energy storage solutions to power the needs of consumers. Energy is stored in battery banks from the grid or renewables to optimize energy use.
WISE Lifestyle Management is a cutting-edge platform that uses the Internet of Things (IoT) to manage our everyday activities by integrating our smartphones and other mobile devices to Home IoT, Connected Cars IoT, Health IoT and Smart Cities. A monthly subscription plan for connected devices is sold through our distributorship network.
WISE is licensing a network of certified Distributors beginning in April 2018, based on geographic locations in the US. We used Census Tracks to assign territories for our partners to sell and install energy storage and IoT solutions. Qualified businesses are trained and certified as WISE Certified Distributors which include Resellers Rights. Ideal candidates for Distributorships are HVAC Companies, Solar Contractors, and Electrical Contractors.
Real Estate Developers, Real Estate Brokers, and Property Managers are good candidates to be Resellers. These businesses are able to help consumers create the latest in home automation by connecting internet-enabled devices using a smartphone, tablet or computer. Resellers refer sales opportunities to Distributors and WISE provides the equipment and connectivity. Resellers then receive a revenue share for their referrals.
WISE developed a working prototype of the energy storage invention in 2010. Patents were filed to protect the Intellectual Property and utility patents were awarded in 2016 and 2017. Today, a team of engineers is developing the mass-market energy storage modules for testing and certification. We anticipate that energy storage solutions will be ready for project installation by the end of 2018.
Our IoT hardware build and certification is on a faster track. We have entered a Partnership with a major U.S. telecom provider to connect our devices through their North American network. Our IoT solution is secure-by-design for consumers to connect devices without fear of hackers stealing personal data. We use multiple technologies in combination to create a comprehensive IoT platform. Our system is managed through the WISE web portal.
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