Toronto, ON -- (ReleaseWire) -- 08/17/2021 -- EDDY SMART HOME SOLUTIONS INC. ("Eddy Solutions"), a leading North American manufacturer and distributor of residential and commercial smart water metering products and related technologies, has strengthened its management team with the appointment of Boris Baril to the position of Chief Financial Officer.

Boris joined Eddy Solutions on June 14, 2021, from Firm Capital Mortgage Investment Corporation (TSX: FC) where he was the Chief Financial Officer and Group CFO at Firm Capital Organization.

Prior to Firm Capital, Boris was CFO of Planet Energy, a privately-held gas and power retailer operating in Canada and the US., he was VP, Finance at Crius Energy (TSX: KWH), where he supported Crius' $100 million IPO., and VP, Finance at Universal Energy (TSX: UGE), where he supported the growth of the entity to annualized revenues of over $700 million (575,000 customers), and Universal's $143 million IPO and subsequent $90 million convertible debenture offering. He was also heavily involved with the transition, after the sale of Universal Energy to Just Energy. Boris graduated from York University and is a CPA, CA.

"With the rapid rate of adoption of smart water monitoring products across industries such as insurance, construction, and property management, Eddy Smart Home Solutions is ready to explore our IPO strategy," said Travis Allan, Eddy's CEO and President. "Going public requires an experienced person on the team – someone with both the experience and educational background to lead us, and with Boris' stellar track record of supporting initial public offerings, we could not be happier to welcome him."

About Eddy Solutions
Eddy Smart Home Solutions Inc., is a leading North American manufacturer and distributor of residential and commercial smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing devices with behavioral learning software. This provides substantial protection to single-family homes as well as commercial and residential buildings at every stage of the building cycle, including construction.

Learn more about Eddy Solutions at https://eddysolutions.com/

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Water and the Built Environment Session Set for December 4, 2019

Toronto, ON -- (ReleaseWire) -- 12/02/2019 -- Eddy Solutions' Director of PropTech Elliott Samuel is leading a session at the upcoming Building Show in Toronto. The session, entitled: "How to Leverage IoT Technology for Risk Mitigation and Efficiency," will provide guidance to property managers, developers, and builders on the massive risk of water damage, the growing trends of IoT devices for mitigation, and resource management.

Hosting more than 70,000 attendees and thousands of exhibitors each year, the Building Show - which includes PM Expo and Construct Canada - is Canada's largest industry focused event.

"Water is the biggest risk to the built environment, and unfortunately, is the most overlooked. We're on a mission to change this narrative by educating on the value of IoT enabled technology that is proactive, rather than reactive," detailed Elliott Samuel. "Through connected data and hardware, stakeholders now have the ability to prevent water loss and damage."

"Intelligent technology enables buildings with the ability to mitigate damage, while providing transformative telematic data," added Travis Allan, Eddy's CEO and President. "Our Intelligent Leak Protection system, which includes sensors and shutoffs, effectively tracks all water within a property, and offers controls that prevent damage and future loss events."

Elliott's presentation is scheduled for 2:30 pm on Wednesday, December 4th. More details can be found here: http://2019seminars.thebuildingsshow.com/Attendee/Schedule/SessionDetails/264158

About Eddy
Eddy is an award winning innovative North American manufacturer of smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Eddy provides substantial protection to single family homes as well as commercial and residential buildings. For more details on Eddy's products or company information, please visit eddysolutions.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Intelligent Leak Protection Provider a Featured Speaker at Connected Insurance November 20th in Chicago

Toronto, ON -- (ReleaseWire) -- 11/18/2019 -- Eddy Solutions' Director of InsurTech, Shkya Ghanbarian, will be speaking at the upcoming Insurance Nexus Connected Insurance conference this week. The presentation will discuss how the introduction of IoT technology can reduce losses in real-time, boosting carriers' bottom lines as well as increasing customer satisfaction and retention.

"The industry is at the tip of a major shift, as carriers begin to move from insurance provider to a 'solutions provider,' detailed Ghanbarian. "With the move towards telematics, sensors, and AI enabled algorithms, insurers are able to collect and utilize data never before imagined, and provide an interactive customer experience – and ultimately, a happier customer."

Connected Insurance USA brings more than 700 senior insurance leaders to engage the latest topics on product innovation, technological disruption, and customer experience. Eddy has been invited to speak on IoT gains, specifically with regards to Eddy's experience in Intelligent Water Monitoring and Leak Detection and the resulting claims reductions due to real-time data and shutoffs.

"Water continues to represent the largest risk to property and as a result, is a significant area of concern for carriers," added Travis Allan, CEO and President of Eddy Solutions. "At Eddy, we are on a mission to revolutionize the way insurers and property owners alike deal with water damage – by proactively tracking water issues in real time with IoT sensors and enabling shutoff systems that do not just alert to an issue, but take action to prevent loss."

About Eddy
Eddy is an award winning innovative North American manufacturer of smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Eddy provides substantial protection to single family homes as well as commercial and residential buildings (MURBS). For more details on Eddy's products or company information, please visit eddysolutions.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Eddy Team Set to Present on Intelligent Leak Protection for Building Management – Nov 12 and 13 at PropTech New York

Toronto, ON -- (ReleaseWire) -- 11/11/2019 -- Eddy Solutions is pleased to be a featured speaker at the upcoming MIPIM PropTech conference in Manhattan on November 12 and 13. Travis Allan, Eddy's CEO & President, will be leading a panel discussion on IoT connectivity and networks within the multi-family space, and Elliott Samuel, Director of PropTech, will be presenting Eddy's award-winning Intelligent Leak Protection system.

"One of the unique challenges of all IoT related deployments is connectivity. Building infrastructure such as rebar and concrete often render traditional connectivity approaches such as cellular and Wi-Fi ineffective," said Travis Allan. "Eddy's investment in LoRaWAN helps to bridge this issue, ensuring an extremely effective connection, which we're eager to discuss further at PropTech."

The Manhattan based MIPIM PropTech conference invites thousands of key decision makers in the property and real estate technology and innovation markets to gain insights into IoT and overall technological trends facing the industry. The Eddy team will be showcasing its comprehensive water monitoring and leak protection system, which includes a combination of LoRaWAN sensors and shutoff valves with a back end real time property manager dashboard.

"Water represents the largest risk to the built environment, especially in vertically oriented properties. This risk has historically been addressed in a reactive nature once the damage has been done. At Eddy, we are on a mission to change that narrative by equipping real estate stakeholders with solutions that proactively address this long-standing problem," commented Elliott Samuel. "Through a unique blend of data and hardware we can now quantify consumption, stop water on its tracks during an event, and even predict & prevent future water loss."

About Eddy
Eddy is an award winning innovative North American manufacturer of smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Eddy provides substantial protection to single family homes as well as commercial and residential buildings (MURBS). For more details on Eddy's products or company information, please visit eddysolutions.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Intelligent Leak Protection Named Among the Winners at the 2019 North American Awards

Toronto, ON -- (ReleaseWire) -- 11/11/2019 -- Toronto-based Eddy Solutions (eddysolutions.com), a leading supplier of IoT leak mitigation services, was recently recognized as a Bronze winner in the Insurtech category at the Efma-Accenture Innovation in Insurance Awards in Chicago. The awards ceremony, which saw hundreds of submissions for their 2019 program, celebrates the best of innovation and acts as a benchmark for excellence across the North American insurance industry.

Accenture, one of the world's largest professional services and consulting organizations, and Efma, an association of more than 3,300 retail financial services companies in 130 countries, partner to host the awards. Their second Efma-Accenture Innovation awards recognizes innovation using three criteria: "originality, strategic capacity to generate long-term competitive edge and ROI, and adaptability for use in other markets/countries." The judges comprised a panel of senior executives from Insurance Carriers in North America.

"I cannot say enough how pleased I am to take home this hardware. Among this group of innovative technology providers, it is an honour just to be selected a finalist, let alone a winner," commented Travis Allan, CEO and President of Eddy Solutions. "Being named the Bronze Insurtech winner by such an esteemed organization is a testament to our credibility, focus, and direction to meeting our vision to become the most trust solution in water leak protection."

Eddy Solutions provides Intelligent Leak Protection that reduces the risk of water damage with comprehensive LoRaWAN-connected products and services that include sensors, shutoffs, analytics, and a proprietary real-time App/Dashboard. The system empowers property owners with tools and data to both mitigate acute water damage risks and prevent future loss events.

About Eddy
Eddy is an innovative North American manufacturer of smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Recently awarded the 2018 Toronto Construction Association's Innovation award and the 2018 AI Innovation award, Eddy provides substantial protection to single family homes and commercial and residential buildings (MURBS). For more details on Eddy's products or company information, please visit eddysolutions.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Eddy Team Set to Present on Intelligent Leak Protection – September 17 in Austin, Texas

Toronto, ON -- (ReleaseWire) -- 09/11/2019 -- Eddy has been selected to be a part of the upcoming Internet of Insurance conference's Innovation Den, presenting our InsurTech solution. Shkya Ghanbarian, Eddy's Director of InsurTech, will be speaking on the efficiencies gained by our suite of products, specifically addressing how our technology reduces internal water related claims in both residential and commercial insurance.

"The continued rising risk of water damage is a serious concern for insurance carriers, brokers, and of course, property owners. Eddy's Intelligent Leak Protection and Water Monitoring technology tracks and analyzes water usage, providing real-time alerts to issues, enabling protection and prevention. Our system includes sensors and shutoff devices that stop the flow of water as soon as an issue is detected, significantly mitigating overall losses," elaborated Ghanbarian.

The Internet of Insurance conference unites North America's leading insurers and Insuretech innovators to discuss trusted and emerging IoT and AI trends. The conference, now in its fourth year, presents IOT devices and technologies, advanced data analytics, and AI and blockchain technologies.

"We're thrilled to be among the innovative companies presenting at the upcoming Internet of Insurance conference," commented Travis Allan, CEO and President of Eddy Solutions. "The advantages of Intelligent Leak Protection in terms of damage mitigation and claims reductions are significant, but we offer enhanced information to insurance carriers in terms of the data insights from our technology."

About Eddy
Eddy is an award winning innovative North American manufacturer of smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Eddy provides substantial protection to single family homes as well as commercial and residential buildings (MURBS). For more details on Eddy's products or company information, please visit eddysolutions.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Intelligent Leak Protection Manufacturer Selected to Speak on Leak Detection Technology

Toronto, ON -- (ReleaseWire) -- 04/16/2019 -- Eddy Solutions (eddysolutions.com), a leading supplier of IoT leak mitigation services, was a proud part of Aon's recent webinar on the mounting risk of water.

Aon is a leading professional services firm providing a broad range of risk, retirement and health solutions in 120 countries, including commercial risk and reinsurance solutions. Their April 9, 2019 webinar focused on educating their substantial client base on the growing risk of water damage and evolving insurance landscape. As part of the webinar, they introduced Shkya Ghanbarian and Elliott Samuel, Directors at Eddy, to discuss the advantages of mitigation through IoT driven technology.

"Water damage continues to grow as a risk and significant threat, particularly to commercial and multi-family buildings," commented Shkya Ghanbarian. "Aon's forward thinking and proactive approach to client management is evident in this webinar, and Eddy was proud to be a part of their educational efforts."

In fact, water related claims accounted for 44% of all property claims in 2013, and by 2018, grew to more than 60%. Damage losses continue to increase in part due to the growth of vertical construction, the rising complexity of building systems, and heavier facility usage. Aon encourages clients to conduct risk assessments, implement preventative maintenance processes, and consider detection technology with automatic shutoffs.

"Aon has shed an important light on an often-overlooked need in a building's risk management approach," elaborated Travis Allan, Eddy's CEO and President. "Our system doesn't simply detect the presence of water – it's a holistic approach to water management, giving building operators/managers the insights and control to effectively mitigate expensive damage."

Eddy's automated leak detection solution provides comprehensive protection to a building's in-suite and common areas, as well as boilers, risers, main feed and zones. The solution includes sensors, meters, and shutoff valves, combined with a mobile App and Property Manager dashboard that allows for tracking of water in real-time and the ability to immediately act when issues are detected.

Aon also highlighted expected industry changes, which will impact developers and building operators significantly. Insurance companies are implementing tighter controls and requiring further underwriting details. Higher deductibles are expected, and, in some cases, the water damage deductible will be greater than all other perils. Clients will be expected to implement water damage mitigation plans and invest in leak detection technologies where feasible.

About Eddy
Eddy is an innovative North American manufacturer of smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Recently awarded the 2018 Toronto Construction Association's Innovation award and the 2018 AI Innovation award, Eddy provides substantial protection to single family homes and commercial and residential buildings (MURBS). For more details on Eddy's products or company information, please visit eddysolutions.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

More Than 10,000 Global Risk Professionals to Convene at Industry Leading Event on April 28 – May 1 in Boston

Toronto, ON -- (SBWIRE) -- 03/29/2019 -- Shkya Ghanbarian, Director of Sales at Eddy Solutions has been selected to present at RIMS 2019 Annual Conference & Exhibition, the premier risk management and insurance conference. Shkya will present on "Smart Leak Protection: IoT Solutions to Reduce Claims", which will explore how smart water monitoring can significantly reduce water related claims in both residential and commercial insurance. The educational session is scheduled for Tuesday, April 30th at 10 am.

"Water damage continues to plague property owners and the insurance industry. IoT enabled leak detection technology tracks and analyzes water usage, providing real-time alerts to issues, enabling protection and prevention. Combined with shutoff devices that stop the flow of water as soon as an issue is found, you can significantly mitigate overall losses both on an individual and aggregate level," detailed Ghanbarian.

With more than a decade of experience in the home services sector, Shkya Ghanbarian has worked with Eddy since its inception, educating insurers and brokers on the benefits of smart home water monitoring and leak detection. She leads business development in Eddy's insurance space, educating and training on the many benefits of risk reduction through IoT monitoring.

RIMS 2019 Annual Conference & Exhibition is a four-day conference scheduled for April 28th - May 1st at the Boston Convention & Exhibition Center. The event is renowned for its unmatched networking opportunities, a wide-selection of educational sessions and hosts more than 400 exhibitors. Annually, the conference draws approximately 10,000 risk and insurance professionals from more than 70 countries.

For more information about the conference program, educational sessions, and networking events or to register, visit www.RIMS.org/RIMS2019.

About Eddy
Eddy is an innovative North American manufacturer of smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Recently awarded the 2018 Toronto Construction Association's Innovation award and the 2018 AI Innovation award, Eddy provides substantial protection to single family homes as well as commercial and residential buildings (MURBS). For more details on Eddy's products or company information, please visit eddysolutions.com.

About RIMS
As the preeminent organization dedicated to educating, engaging and advocating for the global risk community, RIMS, the risk management society™, is a not-for-profit organization representing more than 3,500 corporate, industrial, service, nonprofit, charitable and government entities throughout the world. RIMS has a membership of approximately 10,000 risk practitioners who are located in more than 60 countries. For more information about the Society's world-leading risk management content, networking, professional development and certification opportunities, visit www.RIMS.org.

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Provider of Intelligent Leak Protection for Builders and Homes Announces New Look

Toronto, ON -- (SBWIRE) -- 03/20/2019 -- Leading supplier of IoT leak protection and mitigation technology and services, Eddy Solutions (eddysolutions.com), has launched a new website this week. The new look and feel reflects the company's transition into intelligent future-proof leak protection for commercial buildings, multi-dwelling condos as well as single family homes.

Offering a clean layout with simple navigation, the new site provides an updated design that better embodies the Eddy Solutions brand.

"Eddy Solutions continues to address an often-overlooked need in risk management: the significant and on-going threat of water damage for property owners. Multi-family buildings in particular are extremely vulnerable to the risk of water, considering the impact on tenants, property management, and infrastructure," commented Travis Allan, CEO of Eddy. "The newly launched website addresses these stakeholders directly, in an easy to navigate format."

The new website is fully responsive and provides engaging content specifically targeted towards building stakeholders, insurance companies, as well as homeowners.

Eddy's automated leak detection solution includes the Eddy IQ, a device installed on a water main that tracks usage and includes a remote and automatic shutoff, and Eddy H2O sensors which are placed in high risk locations near water sources to pinpoint the exact location of leaks or other water related issues. Eddy's suite of products also includes the Link, a non-intrusive technology that complements existing meters, integrating with a shutoff valve available for commercial and industrial applications. A mobile app and dashboard compliment the application, allowing users (property managers, homeowners, etc.) to remotely track water situations in real time and act immediately when issues are detected if needed.

About Eddy
Eddy is an innovative North American manufacturer of smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Recently awarded the 2018 Toronto Construction Association's Innovation award and the 2018 AI Innovation award, Eddy provides substantial protection to single family homes as well as commercial and residential buildings (MURBS). For more details on Eddy's products or company information, please visit eddysolutions.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Intelligent Leak Protection Provider Named Winner of TCA’s Innovation Award

Toronto, ON -- (ReleaseWire) -- 12/18/2018 -- Toronto-based Eddy Solutions (eddysolutions.com), a leading supplier of IoT leak mitigation services, recently received top honours from the Toronto Construction Association (TCA) at the 2018 Building Show.

TCA is one of Canada's longest standing associations focused on Industrial, Commercial, and Institutional (ICI) practitioners with nearly 2,000-member companies in the greater Toronto area. Founded in 1867, TCA is the uniting voice of the ICI industry, promoting and upholding the highest standards of industry professionalism.

"Our Innovative Product Award is about rewarding companies that are using exciting new technologies that help redefine our construction industry, specifically in how we design, build and operate buildings and infrastructure. We would like to extend our sincerest congratulations to Eddy Solutions on their first-place win for their innovative product that provides 24/7 monitoring and support using their Intelligent Water Monitoring System for Buildings," shared J. Mollenhauer, President & CEO, Toronto Construction Association.

"We are thrilled to receive this award," said Travis Allan, CEO of Eddy Solutions. "Our technology addresses one of the most overlooked needs in a building owner's risk management profile – water damage – and being recognized by the TCA with this award is extremely encouraging."

Eddy's automated leak detection solution provides comprehensive protection to a building's in-suite and common areas, as well as boilers, risers, main feed and zones. The solution includes the Eddy IQ, a device installed on a water main that tracks usage and includes a remote and automatic shutoff, and Eddy H2O sensors which are placed in strategic locations near water sources to pinpoint the exact location of leaks or other water related issues. Eddy's suite of products also includes the Link, a non-intrusive technology that complements existing meters, integrating with a shutoff valve available for commercial and industrial applications. A mobile app and dashboard compliment the application, allowing users (property managers, homeowners, etc.) to remotely track water situations in real time and act immediately when issues are detected if needed.

"Intelligent technology not only enables property owners and building operators to mitigate damage, but also provides telematic data that transforms the way buildings are protected." added Rob Pallante, EVP of Sales and Marketing at Eddy. "Our team has accomplished a great deal with the introduction of our systems only a few short years ago, and we are truly honoured to be recognized by the TCA."

About Eddy
Eddy is an innovative North American manufacturer of smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Recently awarded the 2018 AI Innovation award and the 2017 Water Canada award, Eddy provides substantial protection to single family homes and commercial and residential buildings (MURBS). For more details on Eddy's products or company information, please visit eddysolutions.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Leading Smart Leak Protection Organization Welcomes Travis Allan and Rob Pallante

Toronto, ON -- (ReleaseWire) -- 12/13/2018 -- Eddy Solutions (eddysolutions.com), the award-winning provider of leak protection services, is pleased to announce the appointment of Travis Allan as Chief Executive Officer and Rob Pallante as Executive Vice President, Sales and Marketing.

Travis Allan is an experienced and driven entrepreneur and executive with significant experience creating and cultivating start-up organizations. Recently, he built a privately held retail services outlet from idea inception into a national, 40-site franchise employing more than 400 employees. With an MBA from Western University's Ivey School of Business, Travis has the knowledge and background to facilitate a rapid growth in sales, profitability, investor value, and customer retention.

Rob Pallante is a seasoned business development executive with more than 20 years of leadership and management experience. Most recently, his work in telematic technologies in mobile and cloud data resulted in substantial gains in the transportation and supply chain management industries.

"Travis and Rob's leadership and energy will drive Eddy into the next phase of our organization," said Mark Silver, Chairman and Co-founder. "We are extremely fortunate to introduce leaders with such passion and entrepreneurial insight as we accelerate our growth and continue to build Eddy into a world class leak protection innovator."

"I am very fortunate to work alongside an amazing Board and Management team," commented Travis. "So much has been accomplished to date, and we are very well prepared to capture the opportunity that lies ahead in 2019 and beyond."

"Understanding and leveraging unique insights from data is one of the fundamental requirements in industry today. The team at Eddy have built a data-driven platform that addresses the significant risk of water, and I can't wait to dive in," shared Rob.

Toronto-based Eddy Solutions provides water control and risk management for buildings of all types – from construction to completion and beyond. Originally launched in the single-family residential market, the company expanded its offerings to encompass commercial, industrial and multi-unit residential buildings in 2017. With the successful implementation of thousands of LoRaWAN sensors across several building deployments to date, the team is ramping up for substantial growth in the coming months.

About Eddy
Eddy is an innovative North American manufacturer of smart water metering products and related technologies, helping property owners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Recently awarded the 2018 Toronto Construction Association's Innovation award and the 2018 AI Innovation award, Eddy provides substantial protection to single family homes and commercial and residential buildings (MURBS). For more details on Eddy's products or company information, please visit eddysolutions.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Leader in intelligent leak protection announces name change

Toronto, ON -- (SBWIRE) -- 08/20/2018 -- Eddy Home, the award-winning Canadian provider of smart water monitoring and technology enabled leak protection is pleased to announce that effective immediately it is changing its name to Eddy Solutions.

Launched in 2015, the organization empowers property owners with intelligent water management tools that identify issues, monitor usage, and mitigate water damage.

Eddy's suite of products includes the Eddy IQ, a device installed on a water main that tracks usage and includes remote and automatic shutoffs based on water usage algorithms, Eddy H2O sensors which are placed in various locations near water sources to pinpoint the exact location of leaks or other issues as well as the Link, a non-intrusive technology that complements existing meter infrastructure and integrates with a shutoff valve for commercial and industrial applications.

"Our initial goal was to mitigate risk for individual homeowners," commented Sam Boyajian, President of Eddy Solutions. "However we have grown to serve the multi-family and commercial buildings industry through our riser, boiler main feed and in-suite protection packages. We are excited to streamline our brand to align with our new strategic vision."

About Eddy Solutions
Eddy Solutions is a leading provider of intelligent water monitoring and flood/leak detection, protecting multi-dwelling units, commercial buildings, and single-family homes with IoT powered technology. Recently awarded a 2018 AI Pioneer, EnerQuality's 2017 Most Innovative Product, and Water Canada's 2017 Product/Technology awards, Eddy Solutions provides substantial protection to single homes, commercial and residential buildings (MURBS). For more details on Eddy's products or company information, please visit eddysolutions.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Leader in intelligent leak protection awarded by Insurance Nexus

Toronto, ON -- (SBWIRE) -- 07/11/2018 -- Eddy Home, Canadian manufacturer of smart water monitoring and leak protection solutions was recently awarded a 2018 AI Pioneer Award by Insurance Nexus at the Insurance AI and Analytics USA Summit in Chicago on June 27 and 28.

Insurance Nexus is the central hub for insurance executives, offering in-depth industry analysis, targeted research, niche events, and quality content, and provides platforms to network, discuss, learn and shape the future of the insurance industry. Hosting several Insurance AI events each year in Europe and North America, their most recent AI event showcased InsurTech innovations, including the 2018 AI Pioneer Award winners.

"It's a huge honour to be recognized as an Insurance AI pioneer," said Venky Weylagro, VP of Sales at Eddy, who accepted the award at the Chicago conference. "Our focus on intelligent water monitoring – integrating AI specifically – to detect anomalies in water usage patterns has allowed us to create a service that truly considers the customer experience without compromising leak protection for buildings and homes."

Eddy's leak protection solution includes the Eddy IQ, a device installed on a water main that tracks usage and includes a remote and automatic shutoff, and Eddy H2O sensors which are placed in various locations near water sources to pinpoint the exact location of leaks or other issues. An app and dashboard are included depending on the application, and users can track their water consumption in real time as well as act immediately when issues are detected. Eddy's suite of products also includes the Link, a non-intrusive technology that complements existing meter infrastructure and integrates with a shutoff valve available in sizes up to 18 inches for commercial and industrial applications.

"We were thrilled with how the industry engaged with us on the AI Pioneers awards. There is clearly a huge focus on innovation in insurance right now, particularly where AI and automation are concerned. Carriers and technology providers must work together to create the best products and services and we hope to continue inspiring innovation by celebrating those who are leading the way!" commented Mariana Dumont, Head of New Markets at Insurance Nexus.

"Our intelligent technology not only enables users to mitigate damage with shutoffs, but just as importantly provides insurers with home telematic data which revolutionizes the industry's ability to analyze usage data, ensure accurate claims, and ultimately build a more complete risk profile for each customer," added Sam Boyajian, President of Eddy.

About Eddy
Eddy is a leading provider of intelligent water monitoring and flood/leak detection, protecting multi-dwelling units, commercial buildings, and single-family homes with IoT powered technology. In 2017, Eddy was awarded Most Innovative Product of the Year by EnerQuality and the Project/Technology award by Water Canada.

For more details on Eddy's products or company information, please visit http://www.eddyhome.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Canadian leader in leak detection solutions granted certification

Toronto, ON -- (ReleaseWire) -- 07/13/2017 -- Eddy Home, the award-winning manufacturer of smart home water monitoring and leak detection systems, was recently granted IICRC certification for Continuing Education Credits (CEC) for restoration and inspection professionals.

The Institute of Inspection Cleaning and Restoration Certification (IICRC) is a not for profit certification and standards developing organization serving more than 25 countries globally, with offices in Canada, U.S., Australia, and Japan. Their Continuing Education Credits (CEC) keep registrants current in the industry as part of their annual certification renewal process.

"Eddy Home is proud to be partnered with the IICRC, for years they have guided and trained restoration professionals, while developing the industry standards that are so important to the health of the industry and their clients," commented Elliott Samuel, Director of Sales – Channel Development. "Our course will place critical knowledge in the expert's hands, allowing the first responder to educate homeowners on the value of early leak detection."

Eddy Home's IICRC course, 'The Internet of Things and Leak Detection,' provides 0.5 credits in the cleaning/restoration, inspection, or master categories. The training focuses on smart home automation and water monitoring systems, and the advantages for installation following a home water damage incident.

Eddy Home's suite of products is a comprehensive smart water and home environment monitoring solution that tracks water usage and ambient conditions in a home. The technology immediately alerts homeowners when issues arise, and offers remote and automatic shut off capabilities. The system communicates via the My Eddy Home App, an Android and iOS application that displays alerts in real time. Many insurance companies offer policy discounts for installation, and following a major loss, entitlements of up to $5,000 for these types of systems are often available.

"Restoration professionals are tasked with restoring the home back to pre-loss conditions, and know first hand the devastation that water can cause," further elaborated Venky Weylagro, Vice President of Sales and Marketing. "Smart home automation is the future, and history has proven that early response is critical when a disaster strikes. Integrating these new concepts into the IICRC's training ensures that the restoration industry is ahead of the curve, and most importantly assisting both homeowners and insurance clients with better service and enhanced water damage protection."

About Eddy Home
Launched in 2015, Eddy Home is a leading provider of smart home water monitoring and flood/leak detection. Recently awarded the 2017 Most Innovative Product of the Year by EnerQuality and the 2017 Project/Technology award by Water Canada, Eddy Home provides smart home water monitoring and leak protection homeowners.

For more details on Eddy Home's products or company information, please visit http://www.eddyhome.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Eddy H2O sensor – water management for homes and buildings

Toronto, ON -- (ReleaseWire) -- 06/12/2017 -- Award-winning manufacturer of leak protection systems, Eddy Home (http://www.eddyhome.com) announced today the launch of its Eddy H2O– a real-time temperature, humidity and leak sensor for use in homes, apartments, condominiums, and offices.

The H2O is a part of Eddy Home's Intelligent Water Management Solution, a comprehensive Internet of Things (IoT) powered system consisting of the Eddy IQ coupled with an advanced machine learning back-end and a smart phone application. The system tracks water usage and detects abnormal patterns to identify leaks ranging from minor water loss to disastrous pipe bursts. The H2O provides an additional real-time water-sensing capability to more immediately detect a leak in problem areas, such as under water heaters and dishwashers.

The H2O, in addition to enhancing Eddy Home's leak protection capabilities, is a valuable tool for property managers and condominium corporations to mitigate expensive water-related damage. The H2O provides a 360-degree view of the water environment, including variances in temperature and humidity, which may be early warnings of problems such as mold, flooding, and freezing pipes. Information is communicated to the client through the MyEddyHome app, text, or email, instantaneously.

With billions incurred each year in North America in water-damage claims, proactive monitoring solutions offer significant water-damage mitigation opportunities to homeowners and condominium corporations alike.

"High-rise buildings face significant water damage risk and, in some cases, have had losses so great that insurers have refused to continue insuring them," elaborated Shawn Dym, Eddy Home's President. "Our H2O provides regular reports to property managers, ensuring that water-related issues are addressed well before becoming costly disasters."

The H2O communicates with the back-end through the Eddy Hub using LoRa, a wireless technology which is capable of long-range communication while using very little power. The H2O and Hub are able to communicate even when separated by several storeys of thick concrete and steel rebar, a trait of modern building construction that poses difficulty for many wireless technologies.

"Our water monitoring and leak detection system is the most comprehensive and robust available. Integrating LoRa into our products has enabled us to apply our solution to multi-residential and commercial buildings. This is just not possible with contemporary smart home products, which are designed for very short-ranged use," commented Joe Deu-Ngoc, Eddy Home's Vice President of Technology. "Looking toward the future, when LoRaWAN networks become more readily available, our H2O are ready for that too."

The H2O sensor is available as part of the Eddy Home Suite or as a stand-alone product.

About Eddy Home
Launched in 2015, Eddy Home is committed to helping homeowners protect, control, and conserve water usage by combining water sensing with the Internet of Things. Recently awarded the 2017 Most Innovative Product of the Year by EnerQuality, Eddy Home provides intelligent water monitoring and leak protection to thousands of homes.

For more details on Eddy Home's products or company information, please visit http://www.eddyhome.com.

LoRa and LoRaWAN are trademarks or service marks of Semtech Corporation and/or its affiliates.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

More control for homeowners with the addition of the Eddy H2O sensor to its award-winning Eddy Home Intelligent Water Management Solution.

Toronto, ON -- (ReleaseWire) -- 05/09/2017 -- Eddy Home Inc. (http://www.eddyhome.com), the award-winning Canadian-owned manufacturer of residential water technologies, is preparing to launch its Eddy H2O sensor, a real-time leak detector with temperature and humidity monitoring, to complement the Eddy Home Intelligent Water Management Solution.

Water damage has recently risen to become the biggest risk facing homeowners, with more than $1 billion in reported insurance claims in 2015. That, coupled with the risk of mold caused by water leaks and the added stress of major home repairs due to damage, has many homeowners looking for proactive solutions that mitigate their risk.

"Eddy Home's suite of products is the solution many homeowners have been anticipating. Our technology provides significant insight into water usage, making homeowners aware of their potential water waste, while continually monitoring for leaks and mitigating any costly damage associated with leaks," detailed Shawn Dym, President of Eddy Home.

The Eddy Home Intelligent Water Management Solution, which consists of the Eddy IQ, a comprehensive smart home water monitor paired with an advanced machine learning back-end, detects abnormal usage patterns to identify various leaks from minor water loss to disastrous pipe burst and mitigate further damage by stopping the flow of water. The Eddy H2O sensor, set for release in June, provides additional real-time water sensing capability to immediately detect leaks in problem areas, such as under water heaters and dishwashers.

The Eddy H2O communicates with the backend through the Eddy Hub, which uses LoRa and takes full advantage of the long-range, deep-penetration, and low-power characteristics. Unlike other sensors, the Eddy H2O can dynamically switch to communicate over LoRaWAN, a carrier-grade infrastructure that is rolling out in North America and around the World. This dual-mode capability makes it suitable for Smart Homes now and Smart Cities in the future.

"The H2O sensor provides additional insights and data for a 360 degree view of a home's water usage and environment, including variances in temperature and humidity, which could signal anything from freezing pipes or to increased susceptibility to mold," commented Joe Deu-Ngoc, Eddy Home's Vice President of Technology. "With the use of LoRa technology, our sensors have enhanced connectivity, range, and penetration, ensuring that our solution captures all water issues and abnormalities anywhere within a home – on the top floor bathroom or in a basement utility room under the water heater."

About Eddy Home
Launched in 2015, Eddy Home is committed to helping homeowners control and conserve water usage by combining smart water sensing with the Internet of Things. Recently awarded the 2017 Most Innovative Product of the Year by EnerQuality, Eddy Home provides services to thousands of homes.

For more details on Eddy Home's products or company information, please visit http://www.eddyhome.com.

LoRa and LoRaWAN are trademarks or service marks of Semtech Corporation and/or its affiliates.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm