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TT Trane Technologies plc

377.11
0.21 (0.06%)
21 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Trane Technologies plc NYSE:TT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.21 0.06% 377.11 380.395 371.96 375.00 2,647,442 01:00:00

Trane Technologies and Autodesk Collaborate to Accelerate and Simplify Sustainable Building Design

12/11/2024 11:30am

Business Wire


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Collaboration targets critical workflows and leverages AI to simplify innovative design scenarios for engineers and architects and enable more sustainable solutions

Trane Technologies (NYSE:TT), a global climate innovator and Autodesk, Inc. (NASDAQ: ADSK), a global leader in building information modeling (BIM) technology for the architecture, engineering, construction (AEC) and operations industry, announced a strategic collaboration aimed at optimizing commercial building design for sustainability.

This innovative cross-industry collaboration seeks to simplify the user experience and enable AI-assisted design exploration by integrating Trane’s TRACE® software and Autodesk Revit for engineers. TRACE leads the industry in enabling accurate sizing of complex Heating, Ventilation and Air Conditioning (HVAC) systems faster and easier at any level of building realism and provides energy and economic analysis leading to more sustainable building outcomes.

"Our collaboration with Autodesk represents a significant step forward in our mission to drive reduction of building emissions through optimization of the thermal management systems as part of the building design process,” said Oakley Roberts, Vice President of Innovation and Product Management for Trane Technologies. “By integrating our leading Mechanical, Electrical and Plumbing (MEP)/HVAC engineering analysis solutions with Autodesk's BIM technology, we are poised to deliver unique value to our customers and accelerate the industry's move toward sustainable building design."

Key workflow innovations will focus on enhancing MEP design process efficiency for Trane customers, facilitating decision making between architects and engineers, and laying the foundations for AI-assisted design. This will help remove manual steps, expedite the design process and promote greater accuracy.

“Our strategic work with Trane Technologies underscores our commitment to addressing the critical workflow gaps faced by engineers today, while leveraging AI and machine learning to enhance the extensibility of Autodesk’s platforms,” said Nicolas Mangon, VP, AEC Industry Strategy at Autodesk. “By integrating Trane’s trusted capabilities into Revit, we provide engineers with tools that deliver reliable performance, while empowering them to tackle today’s greatest industry challenges. Together, we’re bridging the digital and physical, and unlocking data to create more efficient, sustainable buildings.”

AI design exploration, connected workflow, and integration innovations developed through the collaboration are planned to initially be available in high-BIM adoption regions, such as the United States and Canada.

Autodesk

Autodesk, the Autodesk logo and Autodesk Revit are registered trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders.

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit tranetechnologies.com.

This release includes “forward-looking statements” within the meaning of securities laws, which are statements that are not historical facts, which include, but are not limited to, statements regarding product developments, the development of future technologies, and statements that relate to decarbonization initiatives, sustainability commitments and the anticipated impact of these commitments. These forward-looking statements are based on current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from current expectations. Factors that could cause such differences can be found in Autodesk’s Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (“SEC”) for the fiscal year ended January 31, 2024, in Trane Technologies Form 10-K filed with the SEC for the fiscal year ended December 31, 2023, as well as subsequent reports on Form 10-Q and other SEC filings made by Autodesk and Trane, respectively. New risks and uncertainties arise from time to time, and it is impossible to predict these events or how they may affect each company. Neither Autodesk nor Trane assume any obligation to update these forward-looking statements, and no undue reliance should be placed on any forward-looking statements.

Media Contact: Travis Bullard +1-919-802-2593 Media@tranetechnologies.com

Investors Contact: Zachary Nagle +1-704-990-3913 InvestorRelations@tranetechnologies.com

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