Carrier, leader in Heating Ventilating and Air-conditioning (HVAC) solutions and part of United Technologies Corp.’s (UTX) UTC Building & Industrial Systems, recently introduced smart thermostat Cor.
The new Cor thermostat helps homeowners to cut down energy costs. Homeowners can manage their home temperature and energy usage with the mobile application or desktop interface and are likely to reduce home comfort costs by 20% by utilizing this product. Through guided programming options, the thermostat will allow customers the convenience of adjusting temperature along with changing modes. This thermostat provides in-depth energy reports, which include interactive energy-efficiency tips to modify settings for maximum savings.
Backed with an industry-leading five-year limited warranty, these thermostats are compatible with 802.11 b/g/n wireless routers and facilitate remote access to thermostat from virtually anywhere. It automatically downloads the latest software through air updates, which facilitates up-to-date technology for the homeowners. The new thermostat works with any brand and represents the latest in home comfort technology for efficient home control and comfort.
Based in Hartford, CT, United Technologies, the parent company of Carrier, provides high-end technology products and services to the building systems and aerospace industries worldwide. The company serves various end markets such as aerospace, defense and commercial construction. This business diversification allows United Technologies to remain profitable amid a challenging macroeconomic environment.
United Technologies currently has a Zacks Rank #3 (Hold). Other stocks that look promising in the industry include Middleby Corp (MIDD), Ingersoll-Rand Plc (IR), and Compass Diversified Holdings (CODI), each carrying a Zacks Rank #2 (Buy).
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