Key Points of This Press Release 1. Launch of "re:PAir8®", a long-term warranty service for air conditioner refurbishment utilizing IoT technology, for office buildings managed by our company. 2. Extends the warranty period for air conditioning equipment from the typical 1 year to a maximum of 8 years, covering repair costs due to malfunctions during the warranty period free of charge. 3. Streamlines repair procedures by omitting estimates and contract processes, enabling prompt responses and reducing the management burden of facility operations. Nomura Real Estate Partners Co., Ltd. (Minato-ku, Tokyo / President and Representative Director: Kazuhiro Tomida, hereinafter "the Company") is pleased to announce the full-scale launch of its long-term warranty service for air conditioner refurbishment using IoT technology, "re:PAir8®" (Note 1, hereinafter "the Service"). Note 1: Trademark name: re:PAir8 ® / Registration No.: 7057665 1. Background of Service Development Air conditioning equipment, which supports a comfortable indoor environment, is a crucial piece of infrastructure in office buildings. It is indispensable for improving the productivity and maintaining the health of workers, as well as ensuring the comfort of visitors. However, air conditioner malfunctions often occur unexpectedly, and the resulting sudden repair costs pose a significant challenge, potentially impacting business financial planning. In cases requiring high-cost repairs, companies may be forced to secure funds or revise other expenditure plans, leading to a considerable financial burden. Furthermore, when air conditioning equipment malfunctions, it requires a significant amount of time and effort to confirm the issue on-site, investigate the cause, coordinate schedules with repair contractors, and complete contractual procedures. This can complicate the repair process and make prompt action difficult. To address these needs, the Company has developed this service based on approximately 50 yea