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How Eddy Helps During Covid-19

Eddy Solutions water leak detection remote monitoring during covid-19

The risk of water to projects and buildings continues, particularly during COVID-19

Water continues to be the most prevailing and costliest risk to property owners of all types. During our current global pandemic, uncertainty is everywhere – construction sites/projects have been temporarily slowed or abandoned, commercial buildings are running at a lower capacity or may be vacant, and condo buildings are seeing increased levels of occupancy during the days when residents may normally be at work.
All of this relates to a higher risk of water damage. Eddy’s Intelligent Leak Detection System helps reduce a building’s risk for water damage, with the combination of sensors, shutoffs,
machine learning, with our dashboard and 24/7 monitoring, our system detects the presence of water, humidity and temperature.
Risk Management through Eddy
Construction Projects
COVID-19 has impacted construction sites with a reduced workforce, extended work closures, and intermittent project work. With these changes, fewer permanent workers are on-site, making the project more vulnerable to undetected water damage.
Eddy’s system provides protection with sensors in hoist suites and shutoffs in the temporary and main feed lines, with visibility into water events as they occur. Remote staff has the ability to prevent water issues, without the need to be onsite. With water risks mitigated, water damage related project delays are less likely to occur.
Commercial Buildings/Retail Locations
Closedowns have affected the number of staff on-site at any given time, or have shut down offices entirely. While less water usage is expected due to the overall lack of traffic, water issues can go unnoticed during these times. Eddy’s system tracks water consumption, and during COVID-19 has experienced a reduction in usage. We have also adjusted our parameters to ensure that any usage is examined closely. In events where water is being used when unexpected, alerts are triggered and management is notified.
Condominium/Residential Buildings
Unsurprisingly, consumption has risen significantly for multi-unit buildings during this time., and risk factors have risen. Eddy’s system offers not just the watchful eye, but the ability for Property Management to remotely monitor equipment without requiring physical inspection and followup repairs. Management has full control over the water situation fo the building – without placing themselves or their residents at risk.
GREATER TRANSPARENCY/CONTROL
The Eddy system provides remote transparency and control with:
– 24/7 monitoring – an extra level of security, so issues are not missed.
– Risk mitigation for buildings of all types, including buildings in
construction
– Asset risk insights
– Preventative maintenance activity
– Resolution times on incidents
– Consumption
About Us
Eddy Solutions is an industry leader in leak protection and water monitoring solutions. Our suite of smart products offers a comprehensive water management system for building operators and homeowners that protects, controls, and conserves water. Our products have saved thousands of customers millions of dollars in damages and millions of litres of water waste by continuously monitoring water usage in their properties. For more details, please contact us at 1 877 388 3339 or email info@eddysolutions.com.

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Paul Pathak​

Director

Paul Pathak is a partner of Chitiz Pathak LLP. Paul practices principally in the areas of corporate, securities, corporate finance, mergers and acquisitions and commercial law. He represents and provides sophisticated guidance to private and public corporate clients in a broad range of industries, including mining, technology, manufacturing, venture capital and merchant banking.

George Krieser​

Director

George Krieser founded Total Credit Recovery Limited (“TCR”) in 1980 and is the President and Chief Executive Officer. TCR is the largest 100% Canadian-owned and operated collection agency, solely collecting Canadian debt. George previously served as a Director of Universal Energy. He also served as a member of the board of directors of Baycrest Foundation and as a member of the fundraising committee for UJA Federation of Greater Toronto.
Gary Goodman​
Director
Gary Goodman is a Trustee and Chair of the Audit & Risk committee of Boardwalk Real Estate Investment Trust., a former Chairman of Huntingdon Capital Corp., trustee of Gazit America & Brightpath Early Learning, and is a member of the advisory boards of the Vision Funds. Gary was previously Executive Vice President of Reichmann International where he served as a senior financial executive and trusted advisor for over 30 years.

Chris Gower

Director

Chris Gower started his career in construction on the tools – framing houses, where he grew a deep appreciation for the trades. Prior to his current role as Chief Operating Officer, Buildings at PCL Construction (“PCL”), Chris held positions including construction risk manager, senior project manager, district manager and regional vice president. Throughout his more than 25 years at PCL, he has delivered iconic construction projects across Canada, Australia and the United States.

June Thomson

EVP, Sales, Marketing
& Business Development

June joined the Eddy team coming from Enercare after 10+ years in various roles, most recently as Vice President of the North American Builder Division. June has been in the HVAC industry for over 41 years, holding several roles throughout her career from Technician to Provincial Offences Officer.

Saj Khan

COO & President

Sajid Khan helped launch Eddy Solutions and has been in the role of Chief Operating Officer since inception. With more than 20 years of leadership and operational experience in the home services sector, Saj has held roles such as COO of Eco Energy Service, Vice President of Operations at both National Home Services and Universal Energy.

Boris Baril

CFO

With more than 25 years of financial experience, Boris has held both public and private company CFO roles; supported two (TSX listed) initial public offerings (IPOs), debt and equity capital raises, and M&A transactions. Boris graduated from York University and is a CPA, CA.

Mark Silver

CEO & Chairman

Mark L. Silver is President of Optus Capital Corporation. Mr. Silver has made significant real estate investments in both development stage and income producing properties in the residential, commercial and industrial sectors over his 35 year business career. Over the last 22 years, these investments have been made through his company, Optus Capital Corporation. Mr. Silver was a founding partner and Chief Executive Officer of Universal Energy which was sold in 2009 to Just Energy Group Inc. He co-founded Direct Energy Marketing and grew the company to over $1.3 billion in revenues before selling to Centrica PLC (also known as British Gas) in 2000.