Business View Caribbean | June 2022

37 BUSINESS VIEW CARIBBEAN VOLUME 9, ISSUE 6 that’s a big challenge. Also, because Peake Technologies are the largest stocker of mini- split equipment in the country, when they sell out of their stock, a lot of the competition tends to mark up their price and try to gain back the market share. Daniel admits, “It’s really competitive in the residential sales market in Trinidad, and supply issues cause a lot of problems.” Technology-wise, the company has been working with AutoCAD and are now switching over to BIM model in Revit. “It’s a progressive transition into that workspace,” Daniel says. “We’re now going through all the basics, trying to fine tune our analytics – creating dashboards for certain things that we want to look at. So our IT department has been busy this year. As with every company, minding your inventory is always the bread and butter, so we’ve been doing some exercises in terms of modernizing how we look at our inventory and analyzing how best our inventory can work for us. We currently have 10 – 15 % more assets in stock than we carried prior to 2020, just because of the supply chain issues. So we’re trying to increase inventory of all the main items, so we don’t run out.” Training and professional development is a critical component for the Peake Technologies team. The Air Conditioning & Refrigeration Industry Association represents workers in the industry and a few of the Peake managers are involved in their training programs. Recently, some of the Peake technicians were away for AAON training, which they just completed. AAON Inc. designs, manufactures, and sells semi- custom heating, ventilation, and air conditioning equipment for commercial and residential use. Daniel attests, “They are a highly specialized supplier, and they can basically give you a unit with all the bells and whistles you need. There are some very specialized installations of that equipment down here, so we sent four people to the U.S. for that training. In addition, we have a very good relationship with Daikin Industries and we represent them in their DRF, as well as commercial, light commercial, and heavy industry products. We’ve done a lot of training with them and installations of their equipment, including a chiller at Mount Hope, one of our big hospitals in Trinidad. It’s a 9.5 ton centrifugal chilled-water chiller that will be commissioned soon.” Looking ahead to the future, Daniel shares, “I can only wish for more work. We are looking for projects all across the Caribbean and we definitely have some of the best teams working alongside with us. So hopefully we can move forward into Guyana and continue servicing Trinidad, as well as the greater Caribbean area.” Carrying on with what they do best at Peake Technologies Limited… Keeping everybody cool! PEAKE TECHNOLOGI ES L IMI TED TR INIDAD