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IoT Devices and Water Damage this Fall

By the time temperatures drop and leaves droop, most of us have realized that summer is behind us. The fall season is arguably the most beautiful but can introduce a host of water damage related issues for homeowners. From the heavy rains of hurricanes to appliance wear and tear, autumn can pose significant risk of water damage. How can you protect your home?
Cooler temperatures offer a great opportunity to perform some much-needed outdoor maintenance on your home. Check windows and your foundation for cracks and, if needed, apply caulking to window and door frames.
One of the biggest areas of risk for a home is the buildup of leaves and debris in the home’s eavestroughs/gutters. When leaves fall from trees, they often end up clogging these areas, and over time, water builds up. Most homeowners do not realize that clogged gutters regularly lead to water damage inside a home. The best approach is to clean out these areas after the leaves have fallen, before the winter frost sets in.
How Technology Helps
Smart technology has made incredible inroads into providing homeowners with real-time data to protect their homes. Notably among these are IoT connected devices that keep a homeowner in touch with their home as well as provide them with the necessary information in order to continue to effectively protect their property. Smart devices come in all different shapes and sizes, such as cameras and security systems that can alert property owners to issues.
When it comes to water damage, the best IoT enabled devices are water monitoring/sensor systems that include a water shutoff feature. Eddy’s system, for example, focuses on continuously monitoring the water usage/consumption in a home, and alerting the owner if anomalies occur. Our LoRaWAN sensors are placed in high risk areas, such as near toilets and sinks, and next to water using appliances such as dishwashers and hot water tanks. When a leak is detected, the system will communicate via the cloud to the shutoff valve, resulting in a water shutoff at the home’s water main, ultimately protecting the home from water damage. This type of system has proven to be extremely effective in preventing water damage that results from within the home (such as plumbing issues or appliance failures). Further, sensors will alert the homeowner to water issues that may arise from overland flooding.
To learn more about Eddy’s system, please visit our website.
About Eddy Solutions
Eddy 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.