Carrier Wins the 2024 IoT Breakthrough of the Year Award for its Abound Edge System

PALM BEACH GARDENS, Fla., July 2, 2025 — Carrier Global Corporation (NYSE: CARR), is proud to announce that Carrier Abound has won IoThinkTank’s 2024 IoT Breakthrough of the Year Award for its Abound Edge system. This recognition highlights Carrier’s commitment to transforming the Internet of Things (IoT) landscape, particularly in optimizing building operations through connectivity, centralized management and artificial intelligence (AI). 

IoThinkTank, a leading platform dedicated to celebrating excellence in the IoT industry, recognizes companies, products, and individuals making significant strides in innovation and technological advancement. Their Best of 2024 Awards recognize groundbreaking achievements, visionary leadership and transformative solutions shaping the future of the Internet of Things. The Abound Edge System stood out for its ability to address a common challenge faced by business owners: the lack of visibility into how their buildings are performing due to insufficient automation and centralized intelligence. 

Carrier Abound tackles this challenge with a suite of digital solutions and services specifically designed for customers from a variety of industries. Using a combination of edge hardware, AI-powered software, and expert consulting services, the Abound Edge System transforms buildings into a fully connected ecosystem where AI can be applied and autonomous actions can be initiated, delivering enhanced occupant comfort, improved energy efficiency, and reduced operational costs across a building portfolio. 

The system aggregates, secures, transforms and optimizes data from connected edge devices, allowing for seamless communication using IoT technologies. It also supports automatic updates for the system itself and to connected devices. Features such as cloud-deployable program profile templates, centralized schedule and set-point management, and control logic configuration enable customers to effectively manage their buildings. 

Customers from diverse industries are already realizing significant savings with Carrier Abound. With management extending to over 33,000 sites, Carrier Abound has enabled multi-site clients to save over 6.5 billion kWh in energy use to date. In one instance, Carrier Abound helped a multi-site customer save over 10% in energy costs over a 3-year period.¹

“We are thrilled to receive the IoThinkTank’s 2024 IoT Breakthrough of the Year Award”, said Yasir Qureshi, General Manager, Carrier Abound. “This achievement underscores our commitment to developing innovative solutions that deliver significant financial benefits for customers. As a leader in AI technology for buildings, we will continue our innovation journey and look forward to achieving even more impactful customer outcomes." 

For more information about Carrier Abound and how it can transform your building operations, please visit www.abound.carrier.com.

¹The customer used the Abound Edge system along with our managed services offering.

About Carrier

Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating innovations that bring comfort, safety and sustainability to life. Through cutting-edge advancements in climate solutions such as temperature control, air quality and transportation, we improve lives, empower critical industries and ensure the safe transport of food, life-saving medicines and more. Since inventing modern air conditioning in 1902, we lead with purpose: enhancing the lives we live and the world we share. We continue to lead because of our world-class, inclusive workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media @Carrier.

Carrier. For the World We Share.