- Tribe announces a partnership with Electric Asset, offering
strata corporations in British
Columbia access to specialized electrical planning
and EV readiness reports, supporting compliance with
legislative requirements and future-proofing buildings.
- The partnership provides access to services supporting
mandatory Electrical Planning Reports (EPRs), EV Ready Plans
(EVRP), Opportunity Assessment Reports (OAR), Annual Energy and
Carbon Reporting (GHG), Voltage Conversion Projects for BC Hydro
(VCP) and streamlining processes with grant application support and
promoting ESG initiatives.
VANCOUVER, BC, Jan. 22,
2025 /CNW/ - Tribe Property Technologies Inc.
(TSXV: TRBE) (OTCQB: TRPTF) ("Tribe" or the
"Company"), a leading provider of technology-elevated
property management solutions, is pleased to announce its
partnership with Electric Asset Inc. ("Electric Asset"), a
trusted provider of intelligent energy management solutions. The
collaboration empowers strata corporations across British Columbia to meet mandatory legislative
requirements while embracing energy efficiency and
sustainability.
Electric Asset is a leader in EV charging and energy management
solutions. The company provides customized services for condos,
townhomes, and mixed-use buildings, supported by 20+ years of
expertise in strata management and project delivery.
The partnership includes access to five programs designed to
enhance building operations:
- Electrical Planning Report (EPR): A mandatory
report for British Columbia strata
properties under the Strata Property Act, this report assesses a
building's electrical capacity and provides insights into future
electrical demands, including considerations for EV charging, heat
pumps, and reducing reliance on fossil fuels.
- EV Ready Plan (EVRP): Evaluates the costs and
requirements for making buildings EV-ready, with rebates of up to
75% of the plan's cost available through BC Hydro.
- Opportunity Assessment Report: Identifies
opportunities to improve energy efficiency, reduce greenhouse gas
emissions, and access retrofit funding through BC Hydro
programs.
- Annual Energy and Carbon Reporting (GHG) – City of Vancouver: Reporting a building's
energy performance and greenhouse gas emissions and identifies
opportunities to reduce energy use. This report is mandatory in BC
with 2024 reporting due on June 1,
2025 for buildings over 100,000 square feet and June 2026 for smaller strata properties.
- Voltage Conversion Projects for BC Hydro (VCP): The
process of converting parts of the electrical distribution system
(substations, wires & electrical equipment) from 4 or 12 kV to
25 kV.
Joseph Nakhla, CEO of Tribe,
commented, "Tribe remains committed to building health and ensuring
our communities are equipped to meet evolving legislative
requirements and environmental standards. Our partnership with
Electric Asset ensures that strata properties can navigate these
complex processes seamlessly while accessing innovative solutions
to future-proof their buildings."
Sanjay Maharaj, Founder of
Electric Asset, commented, "Our partnership with Tribe aligns with
our mission to deliver cost-effective and sustainable energy
solutions. By streamlining processes and supporting grant
applications, we're empowering strata corporations to embrace the
future of energy management while meeting today's needs."
About Tribe Property Technologies
Tribe is a property
technology company that is disrupting the traditional property
management industry. As a rapidly growing tech-forward property
management company, Tribe's integrated service-technology delivery
model serves the needs of a much wider variety of stakeholders than
traditional service providers. Tribe seeks to acquire highly
accretive targets in the fragmented North American property
management industry and transform these businesses through
streamlining and digitization of operations. Tribe's platform
decreases customer acquisition costs, increases retention, and
allows for the addition of value-added products and services
through the platform. Visit tribetech.com for more information.
About Electric Asset Inc.
Electric Asset Inc. is your
trusted partner in navigating the complex world of Electric Vehicle
(EV) charging infrastructure. With over 20 years of experience in
strata management, real estate, and project management, we simplify
the installation of Electric Vehicle charging stations with
end-to-end solutions for condos, townhomes, single-family homes,
and mixed-use buildings across British
Columbia.
Tribe Property Technologies Inc.
"Joseph Nakhla"
Chief Executive Officer
Cautionary Statement on Forward-Looking
Information
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains certain statements which
constitute forward-looking statements or information under
applicable Canadian securities laws, including statements relating
to the expected financial results and the Company's goals and
strategy. Such forward-looking statements are subject to numerous
known and unknown risks, uncertainties, and other factors, some of
which are beyond the Company's control, which could cause actual
results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. These
risks and uncertainties include changes to applicable laws or the
regulatory sphere in which the Company operates, general economic
and capital markets conditions, and stock market volatility.
Although the Company believes that the forward-looking statements
in this news release are reasonable, they are based on factors and
assumptions, based on currently available information, concerning
future events, which may prove to be inaccurate. As such, readers
are cautioned not to place undue reliance on the forward-looking
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operations, results, levels of activity or achievements. The
forward-looking statements contained in this news release are made
as of the date of this news release and, except as required by
applicable law, the Company does not undertake any obligation to
publicly update or to revise any of the forward-looking statements,
whether because of new information, future events or
otherwise.
SOURCE Tribe Property Technologies Inc.
