Manchester, NH 26th of February 2018:  Cylon Energy Inc., (Cylon) a subsidiary of Cylon Controls Limited, announced today that on February 1st, 2018 it closed an Asset Purchase Agreement to acquire the multi-site energy management business of Teletrol (Teletrol).  Teletrol is a U.S. based manufacturer of software and hardware that helps retail organizations reduce their energy consumption and lower carbon emissions.  Teletrol’s energy management solutions control and manage HVAC, lighting, and other energy-using equipment in over 10,000 retail and commercial facilities across North America.  The newly acquired entity will be combined with the American Auto-Matrix National Accounts business and be known as Cylon Retail Solutions, continuing to be based out of Manchester, New Hampshire.

The acquisition extends Cylon’s strategy to strengthen its market position in North America.  Cylon acquired the Teletrol Systems Integrator business in 2013 and immediately followed that with the acquisition of Export, PA based American Auto-Matrix.  The addition of Teletrol increases Cylon’s overall market share in the multi-site national account space and strengthens its existing commercial building energy management business.

Cylon, with its headquarters in Dublin, Ireland, has over 30 years of experience serving the building controls and energy management market.  In 2016, the company began an initiative into national accounts that generated successes creating the need to ramp up the business to meet the needs of the growing customer base.  This strategic acquisition gives Cylon deep deployment and additional technology experience in the multi-site retail space.  Combining Teletrol’s expertise with Cylon’s award winning ASPECT® technology and broad product portfolio delivers a solution capable of supporting thousands of sites via cloud-based IoT technologies for its customers.

“Sean Giblin, Cylon’s CEO, stated, “In 2013, we acquired the Teletrol Systems Integrator business and in 2014 acquired American Auto-Matrix (AAM) as a path for Teletrol’s Integrators and customers to advance their technology offering through the AAM products.   Acquiring the balance of the Teletrol business is a perfect fit for our initiative to increase share in the significant market of multi-site national accounts.  Teletrol’s customers have unique energy control and data management requirements that our products are ideally suited to fulfil.  Additionally, we’ve added an experienced team of employees with extensive enterprise data management knowledge and proven delivery processes that will enhance our advantage in the marketplace.”

Paul Wickberg, President, National Accounts for Cylon Retail Solutions commented, “This investment will ensure that the successes we have enjoyed over the past year with key customers will be executed effectively and will speed the expansion of our business in this important area.  Our ability to service and support the existing Teletrol customers as well as the Cylon and American Auto-Matrix customers in North America is greatly enhanced by this acquisition.”

About Cylon

Cylon Controls is a pioneer and a recognized international leader in the development of smart energy management systems for buildings for over 30 years.  Working through a worldwide network of system integrators, Cylon has a global distribution network with customers in Europe, North America, Asia, the Middle East and Africa.  Cylon Controls is one of the largest independent manufacturers of building control systems in Europe. With a solid history in controls and global Building Energy Management experience, Cylon understands buildings and, more importantly, how to optimize a Building Energy Management System.

In July 2013, Cylon Energy Inc., a subsidiary of Cylon Controls Limited, announced their acquisition of the Building Automation Systems Dealer Business of Teletrol Systems Inc., from Royal Philips Electronics (AEX: PHI, NYSE: PHG).

In June 2014 Cylon Energy Inc. announced the acquisition of American Auto-Matrix (now Cylon Auto-Matrix), an American-based Building Automation Systems and Critical Environments Controls manufacturers located in Export, PA.  For over 35 years, Cylon Auto-Matrix has grown to be a worldwide influencer in the HVAC and Critical Environments industry with a network of System Integrators that spans the globe.  Cylon Auto-Matrix, known for being the first to introduce a full line of BACnet® energy management controllers, continues their innovation with ASPECT®, that earned the firm the Innovation Award for Building Automation at the 2015 AHR Expo, the largest gathering of HVAC/R professionals in North America.