North East Based Smart Heating Control Business - Project Marengo

Project Marengo

An opportunity to acquire a North East based smart heating control business. – By Order of the Director Pending the Appointment of an Insolvency Practitioner

OPPORTUNITY

• Retrofit smart heating control system for existing electric storage heaters;

• Can work with gas systems, heat pumps (not yet demonstrated);

• Patented and Trademarked system;

• Pre-revenue - trial data from Installations available

KEY HIGHLIGHTS

• Trademarked and patented hardware solution for the control of heating of rooms;

• Trials with local council and social housing provider;

• Trialled in community buildings (church hall, library, community hall)

• Designed in house, the devices work with bespoke control software to determine the optimum heating and cooling in a property;

• Integration with booking systems on community buildings to automatically schedule heating for events;

• Smart charging for electric storage heating;

• North East England based but business is not geographically tied;

• Current stock of completed systems (circa 50);

• One staff member, works remotely

Viewing Details

EXPRESSIONS OF INTEREST

• Interested parties will be required to sign a nondisclosure agreement (NDA) before further information is
• Expressions of interest are offers are required by noon on 5 December 2023 together with proof of funding with completion as soon as possible

To Request an NDA, please email [email protected]

Please Download Notice of Sale for further information