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Eddy Solutions and Latium Technologies Successfully Preventing Water Damage for Commercial and Multi-Residential Clients 

Eddy Smart Home Solutions Ltd.’s (Eddy Solutions) (TSXV: EDY) partnership with PCL Construction and Latium Technologies provides protection against water leaks for a broad spectre of PCL clients, including commercial, multi-family residential, and industrial buildings. We are proud to report that Eddy is showing tremendous results successfully mitigating risks in construction and operating buildings after only a short time since deployment.

Recently installed in a prominent US university campus in three locations, Eddy’s system protects over 580,000 Ftwith automatic and remote shutoff capabilities on the temporary and main lines, securing common areas with sensor protection, and tracking all anomalies and leaks. Only a few weeks after deployment, the system detected a significant incident and quickly shut off the water, preventing a substantial issue.

Eddy’s system was also implemented at a GTA (Greater Toronto Area) based hospital, another PCL project, which included intelligent leak protection for more than 300,000 Ft2. Again, after only weeks of deployment, Eddy’s system detected and mitigated a potentially catastrophic leak. Another PCL project, a 350,000 Ft2 high-rise luxury condominium, implemented Eddy during construction and into the finalized building, and the system caught several leaks over its first six months of deployment. 

Latium, a global technology provider, brings its JSI® platform to contractors and owners to proactively protect properties and help them realize lower insurance cost/comprehensive insurance coverage. As Latium’s first premier integration partner on the JSI® platform, Eddy has been deployed in multiple PCL commercial, multi-residential and industrial projects that successfully mitigated risk in construction as well as in operating buildings.

“Projects are protected from construction through to operational state, providing significant advantages to the contractor, the owner, and ultimately the end tenant” noted Mark Bryant, CEO of Latium Technology.

“Eddy’s ability to track the presence of water and swiftly act on this information has already prevented significant water related damages on PCL projects,” said John Boktor, Manager Digital Construction at PCL.

Read full press release here: newswire.ca

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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.