United Technologies' Unit Partners AT&T to Enhance Portfolio

T HTHIY BRRAY

Carrier, an operating unit of United Technologies Corporation , recently collaborated with AT&T Inc. (T - Free Report) to incorporate the latter’s wireless connectivity on commercial HVAC (heating, ventilation and air conditioning) equipment in its Smart Service solution.  

AT&T is the largest provider of pay TV in the world. In the U.S, the company combines its broad video footprint with its nationwide mobility service and high-speed internet available across 60 million locations.

The Carrier SMART Service is a dynamic, proactive strategy for enhanced equipment and system management. The inclusion of AT&T’s network will help collect and analyze chiller operating performance for delivering pro-active service solutions.

This collaboration will help Carrier enhance services for its customers. It will be well placed to provide facility managers the capability to make more informed maintenance decisions.  On using AT&T’s IoT (Internet of Things) technology, SMART Service will be able to curb chiller energy and maintenance expenses.

In order to fuel its growth momentum, the company remains focused on four key priorities: flawless execution, innovation for growth, structural cost reduction and disciplined capital allocation. United Technologies is also seeking potential acquisition targets to achieve aggressive revenue targets and augment its market position.

Carrier is a leader in high-technology heating, air-conditioning and refrigeration solutions globally. The company provides sustainable solutions, integrating energy-efficient products, building controls and energy services for residential, commercial, retail, transport and food service customers.

Peers in the Industry

Hitachi, Ltd. (HTHIY - Free Report) , headquartered in Tokyo, is one of the world's leading global electronics companies. It manufactures and markets a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment.

Barloworld Ltd. (BRRAY - Free Report) is an international industrial brand management company that achieves durability in business through long-term value creation. Barlow represents many of the world's greatest brands in the marketplace. It provides the vital link between manufacturer and customer.

8 Stocks with Huge Profit Potential

Just released: Driverless Cars: Your Roadmap to Mega-Profits Today. In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>