Wyse Meter Solutions Inc. and FCS Development Corporation Announce Partnership for Submetering Solutions in a Pre-eminent Student Housing Community

TORONTO, Feb. 16, 2016  /CNW/ - Wyse Meter Solutions Inc. (Wyse) today announced a partnership with the highly regarded FCS Development Corporation. Wyse will deliver turnkey submetering solutions to The Quad at York – a new, pre-eminent and purpose-built student housing community on the York University Keele Campus in Toronto. Wyse's expertise in submetering and energy management will drive long-term financial savings and efficiency gains.

Envisioned as a major architectural statement, The Quad at York will include 812 beds in two six-storey buildings. The modern, suite-style units will enrich student life with innovative features and amenities, all housed in an environmentally sustainable foundation. York University's social fabric will benefit from the outdoor courtyards, generous sidewalks and tree-lined greenway. Mixed use will also include over 20,000 ft2 of retail space within walking distance to the core of the campus.

The partnership with Wyse reinforces the commitment to sustainability shared by FCS Development Corporation and York University. Wyse will manage the electricity submetering lifecycle for The Quad at York, from hardware and installation, to reporting, billing and ongoing customer service. The full integration of Wyse's sophisticated billing platform with property management software will allow for automatic sharing of frequent move-in and move-out data. Students will have access to exceptional customer service, including an easy-to-use web portal, detailed electricity bills and a call centre that operates in 26 languages, 14 hours a day.

FCS Development Corporation is a private Canadian company created by Forum Equity Partners and Campus Suites. Forum Equity Partners is a privately owned alternative investment management and principal investment firm with a focus on infrastructure, energy and renewables, and real estate. The company achieves aggressive growth through innovation and continued performance as a top-tier alternative asset class developer, investor and manager – and oversees $1 billion of assets under management. For 15 years, Campus Suites has achieved unprecedented results in multi-family, senior and student housing development and management. In 2013, President Henry Morton was named a 'Pioneer of the Industry' by Real Estate Forum magazine for his role in founding the modern student housing industry in the United States. He has worked to develop over 12,500 student housing and conventional bedroom units across North America.

"Wyse's advanced tools and services will help us provide students with a more innovative and responsive residential experience," said Henry Morton, President of FCS Development Corporation and President of Campus Suites.

 "We are immensely proud to partner with an industry leader such as FCS Development Corporation and to deliver the next level in submetering solutions to The Quad at York," said Peter Mills, Co-CEO of Wyse Meter Solutions Inc.

About Wyse Meter Solutions Inc.

Wyse Meter Solutions Inc. provides turnkey submetering and utility expense management services to property managers, building owners and developers across Canada. Wyse is unique in its ability to provide energy consumption transparency and accountability to its customers. Through an exclusive partnership with Conservice, the largest submetering and utility management company in North America, Wyse is able to offer its customers a powerful program known as Synergy, providing owners and managers with a 360-degree comprehensive view of the entire utility spend within a building or portfolio of buildings. Synergy is already in use across 2 million multi-residential accounts in North America, including eight of the top ten owners and managers of multi-family real estate.

SOURCE Wyse Meter Solutions Inc.

Image with caption: "Wyse Meter Solutions Inc. (CNW Group/Wyse Meter Solutions Inc.)". Image available at: http://photos.newswire.ca/images/download/20160216_C1869_PHOTO_EN_621481.jpg

For further information: Peter Mills, Co-CEO, Wyse Meter Solutions, Cell: 416.709.0079, Email: pmills@wysemeter.om, Website: www.wysemeter.com, Twitter: @wysemeter

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