Wyse Meter Solutions Inc. and Park Property Management Inc. Forge Exclusive Partnership to Transform Utility Expense Management

TORONTO, Aug. 19, 2015 /CNW/ - Wyse Meter Solutions Inc. (Wyse) today announced an exclusive partnership with Park Property Management Inc. (Park). Wyse will deliver SyNERGY, its comprehensive utility expense management solutions, across Park's complete building portfolio. As a trusted partner, Wyse will process, organize and analyze volumes of Park's bulk utility expenses & information into one online portal. The transition to cutting-edge and transparent SyNERGY solutions is a game-changer for Park – Wyse has a stellar record of generating significant cost savings and efficiency gains.

Park leads the Ontario rental industry in building management, sustainability practices and resident engagement among its 70 apartment communities, comprised of 8268 suites. For 40 years, Park has proudly provided residents with a high quality of life and was recently recognized by the Ontario Sustainable Energy Association (OSEA) with the 2015 Sustainable Project of the Year Award. The new partnership with Wyse reinforces Park's leadership and vision in efficient energy management. The team will increase focus on core business and decrease costs and headaches from utility expenses.

"We are pleased to announce our partnership with Wyse Meter Solutions. Wyse's Synergy program is an important step in developing greater energy management for all our properties," said Margaret Herd, Senior Vice-President of Residential Property Management, Park Property Management Inc. "Both companies share a common goal to combine sustainable practices for residents' needs to increase everyday quality of living."

Renowned for advanced, market-driven utility solutions, Wyse is without peer in the Canadian industry. Only Wyse is positioned to meet a full range of needs – from bill and rate auditing, payment processing and invoice indexing, to energy benchmarking and cost recovering. The value to customers from the turnkey services is staggering – In 2014, Wyse secured over $2.9 million in utility bill credits for customers, an average savings of $170 per suite. In 2015, Wyse identified 574 utility bill exceptions that may lead to more customer credits. To date, the largest utility credit secured by Wyse for a single building (600 suites) is $216,892. The company's exceptional level of customer service was acknowledged with the 2015 WEBCON Rental Marketing Award for Biggest Disruptor.

"Park Property Management Inc. is a leading force in the rental industry. We are tremendously pleased that our SyNERGY program has been selected as the exclusive utility management solution for all properties. Both companies share a strong commitment to increasing efficient energy solutions while decreasing costs for residents," said Peter Mills, Co-CEO, Wyse Meter Solutions."

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 2.0 million multi-residential units 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/20150819_C5552_PHOTO_EN_480723.jpg

For further information: Peter Mills, Co-CEO, Wyse Meter Solutions Inc., Cell: 416-709-0079, Email: pmills@wysemeter.com, Website: wysemeter.com, Twitter: @wysemeter

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