HONG KONG, 12 December 2018 – Computime Group Limited (“Computime” or the “Company”; stock code: 0320) has garnered the 2018 Hong Kong Awards for Industries (“HKAI”): Technological Achievement Award for its ground-breaking advanced heating control technology. A total of 84 companies, chosen from among 259 entries, were honored in the seven categories of 2018 HKAI. Computime was recognized for its significant contribution to Hong Kong’s vibrant intellectual property ecosystem.

Computime’s focus has been to apply self-developed technology on traditional heating systems from all over the world to enhance system performance and to optimize energy consumption, without sacrificing comfort. Enhanced controllability, ease of installation, and reliable operation are all at the heart of Computime’s drive to innovate in the heating controls market. Below are just a few of the recently developed innovations – with a lot more to come:

• A variable flow control – the system learns through its past performance and delivers just enough energy to maintain the set temperature, which reduces energy usage and improves user comfort through the much smoother temperature output;
• A cloud-based system with unlimited number of time schedules gives users a high level of flexibility to adjust the heating pattern according to their living patterns;
• A rules-based system responds to the environment which facilitates home automation.

With these innovations, Computime’s technology in heating control systems is able to reduce energy consumption by up to 20-25% relative to traditional approaches, while maintaining a comfortable, consistent temperature.

Dr. King Owyang, Executive Director and Chief Executive Officer of Computime, said, “We are honored to receive the prestigious HKAI award. Computime is the first provider of a comprehensive intelligent connected system for hydronic heating controls, and this has made us a market leader in the HVAC industry. The award recognizes our commitment in delivering world-class innovative solutions to our customers, spanning from Europe to North America. As a Hong Kong-based company, we are proud to be able to introduce locally-developed technologies that are behind many internationally recognized ground-breaking products. The next step in our development roadmap is to utilize data coming from connected heating systems to identify anomalies in system performance and alert users to these faults. Through these efforts, we expect the system to become more efficient and increase savings for customers in the future.”

Dr. Wai Leung Ha, Executive Vice President of Technologies of Computime, said, “R&D is an integral part of our business development process. Our R&D team always take a holistic approach in understanding the system needs and customer expectation to develop innovative solutions using the latest advancement in technology such as machine learning, data mining and senor knowhow. Our intent is to create product differentiation that offers value and performance for our customers. Our R&D culture is to have an open-minded attitude, to encourage creativity and out-of-the-box thinking, and to learn from past mistakes. It was in this spirit that this advanced hydronic heating control system was developed, and it is rewarding to witness the success we are receiving from the marketplace.”

Championed by the Hong Kong SAR Government, the HKAI aims to recognize the outstanding performance and achievements of Hong Kong enterprises. The Technological Achievement Award was granted to Computime’s advanced hydronic control technology based on criteria including technology merits, intellectual property, impact on industry, market recognition of the technology, and the technology culture of the company.

PHOTO CAPTION

Computime Group Limited Executive Director and CEO Dr. King Owyang
receives the 2018 Hong Kong Awards for Industries: Technological Achievement Award

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