Conry Tech
Overview
Conry Tech is a leading innovator in the field of sustainable air-conditioning technology. Based in Melbourne, Australia, this climate tech company was founded by Ron Conry and Sam Ringwaldt in 2020. The company focuses on reducing the environmental impact of HVAC systems by decentralizing air-conditioning to enhance energy efficiency, comfort, and indoor air quality. With its cutting-edge technology, Conry Tech has attracted significant attention in the green building and energy efficiency sectors, raising $1.68 million in funding to date.
Recent Developments
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December 11, 2024: Conry Tech announced field trials for a new ultra-efficient air conditioning technology, the BullAnt system. Developed to drastically cut energy use and emissions, it is expected to become commercially available soon, targeting large commercial buildings and public spaces. This move comes amidst predictions for one of the hottest summers on record in Australia.
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April 19, 2024: Conry Tech's CEO, Sam Ringwaldt, highlighted Australian manufacturing's decline over the past 15 years and stressed the need for government support to revitalize the sector. He argued that funds should be directed towards innovative startups like Conry Tech rather than established companies.
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August 24, 2023: The "Wreaking HVAC on our Planet" report, published by Conry Tech, detailed the significant environmental impact of the HVAC industry. It emphasized that heating and cooling systems generate more CO2 emissions than all passenger vehicles combined, underscoring the necessity for sustainable solutions.
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October 26, 2023: Conry Tech participated in a national initiative to upgrade Australian homes with more energy-efficient systems, aligning with the global trend towards sustainable building practices.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | August 12, 2020 |
| Headquarters | Melbourne, Victoria, Australia |
| Founders | Ron Conry, Sam Ringwaldt, Brenda Ringwaldt |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Pacific Channel, Bandera Capital |
| Industry | CleanTech, HVAC, Energy Efficiency |
| Number of Employees | Approximately 8 (as of 2024) |
Early History
Founded in 2020, Conry Tech was established by Ron and Sam Ringwaldt, industry veterans with a history of revolutionary innovations in HVAC technologies. Ron Conry, known for his significant contributions like the Turbocor compressor, joined forces with Sam, who has been a prominent figure in sustainability and energy-efficient technologies. Together, they aimed to introduce a novel air-conditioning system that tackled the inefficiencies and environmental impacts of traditional HVAC systems. Their combined expertise laid the groundwork for Conry Tech's unique approach to decentralized air-conditioning, setting a new standard for energy efficiency in commercial buildings.
Company Profile and Achievements
Conry Tech operates with a mission to revolutionize the HVAC industry, focusing on sustainable and innovative air-conditioning systems. Its patented technology is designed to decentralize cooling processes in commercial buildings, significantly reducing energy consumption and carbon emissions. Major achievements include:
- Patenting a high-efficiency HVAC system that reduces buildings' energy use by more than 70%.
- Developing the BullAnt system, which provides precision heating and cooling, further reducing operational costs and carbon footprint.
- Raising over $8.7 million in funding to support further research and expansion.
- Receiving recognition for its commitment to sustainability and innovation in climate technology.
Conry Tech's business model is centered around creating eco-friendly and efficient HVAC solutions that are adaptable to various building types, enhancing overall indoor air quality and comfort.
Current Operations and Market Position
Conry Tech currently focuses on deploying its BullAnt system across commercial properties such as office spaces, hotels, and data centers. The system's decentralized nature allows for energy usage reduction by leveraging clean energy and advanced control technologies. This positioning offers Conry Tech a competitive edge in the HVAC industry, particularly in markets increasingly driven by sustainability mandates. Conry Tech continues to seek further investment to scale operations globally, with a vision to impact the HVAC industry significantly by reducing global energy-related emissions and easing the transition to renewable energy.
Conclusion
Conry Tech stands at the forefront of the HVAC industry's sustainable transformation with its innovative technological breakthroughs. As the impact of climate change intensifies, Conry Tech's focus on reducing emissions and energy consumption positions it as a critical player in the industry. With ongoing advancements and strategic partnerships, Conry Tech is poised to expand its influence, paving the way for widespread adoption of its sustainable HVAC solutions globally. The company's commitment to enhancing comfort while prioritizing sustainability outlines a promising future trajectory.