TIDMWATR
Water Intelligence PLC
10 January 2018
AMERICAN LEAK DETECTION AND FLO TECHNOLOGIES PARTNER TO BRING
END-TO-END SOLUTION TO RESIDENTIAL WATER LEAKS
Smart home leak detection system helps prevent $9 billion in
damages using advanced and proactive technology and machine
learning while saving on insurance and utility bills
Los Angeles - January 7, 2018 - American Leak Detection (ALD),
America's leading and most respected pin-point leak detection
specialist company and subsidiary of Water Intelligence plc (AIM:
WATR.L), a leading provider of precision, minimally-invasive leak
detection and remediation solutions for residential, commercial and
municipal customers across the U.S., UK, Australia and Canada, has
today announced a strategic partnership with Flo Technologies, Inc.
to provide distribution, pin-point leak detection and repair
capabilities for its Flo smart home water security and conservation
system.
Available in February 2018 priced at $499, Flo is a proprietary
water monitoring and shut-off system and first device on the market
to sense water flow rate, temperature AND pressure as well as use
machine learning to help identify and prevent major leaks before
they occur. Its partnership with ALD provides Flo with the ability
to offer customers installation and repair capabilities when issues
are detected, making it the first end-to-end solution for home leak
detection, able to prevent, detect and repair faulty plumbing all
while saving money and the environment.
The combination of technology and services provided between ALD
and Flo Technologies is a first for the industry. ALD and Flo
Technologies will be partnering to offer consumers and insurance
providers a one stop capability for the purchase and installation
of Flo with proactive maintenance of home water systems. This
formula has the exciting potential to drastically reduce the $9
billion of loss in the U.S. resulting from water damage, while
saving billions of gallons of water.
"We are excited to partner with Flo Technologies to take our
Group's range of minimally invasive technology solutions to the
home market with Flo, and to be Flo's exclusive service partner for
pin-point leak detection. Our strategic vision is to shape the
future of residential engagement with water loss - an objective
shared by the insurance industry and one that our
business-to-business channel initiated in a focused way last year,"
commented the Chairman of Water Intelligence, Dr. Patrick
DeSouza.
"We have developed Flo to be the most advanced home water
security and conservation system on the market and the fact that
ALD, the most respected name in the business, has chosen to
exclusively partner with us is a huge validation of our system,"
said Gabriel Halimi, CEO and Co-founder of Flo Technologies.
"Through ALD's network of over 1,000 plumbers servicing over
200,000 homes, Flo has a readymade footprint from which to expand
and can offer complimentary services to ALD, resulting in earlier
detection to homes across America, Canada, Australia and the
UK."
Flo's technology and approach differs from other systems in the
following ways:
-- Preventative Technology - Most systems use point moisture
sensors or basic water metering technology limited to flow to
detect leaks after-the-fact, while Flo measures all vital
characteristics in real-time, including water pressure, temperature
and flow rates in the water system to detect vulnerabilities and
prevent damage.
-- Multi-Sensor Approach - Flo is the only system to monitor
water pressure, which is both a cause of damage and the only way to
accurately detect leaks as small as a drop or two per minute.
-- Learning Algorithms - FloSense(TM) machine learning
technology personalizes Flo's conservation and security monitoring
to the individual home.
-- Proactive System-wide - Unlike a multitude of individual
point moisture sensors that have to be placed in perceived trouble
areas, a single Flo device works throughout the home. Its
Microleak(TM) technology proactively checks for the smallest
vulnerabilities anywhere in the home water system.
-- Water Shut-off - If something critical happens, Flo can alert
users and stop the water with or without their input. Shut-off can
be automatic or enabled remotely after an alert.
-- Visible & Invisible Waste - Can detect visible water
wastage such as toilets running as well as invisible ones like
leaks behind the wall.
-- Repair Diagnostics - Flo can connect users to plumbing
professionals while providing plumbers advanced diagnostics of
potential problems - saving time and money.
-- Conservation - Flo continually learns and shows usage
patterns in real-time. Users can check their current water usage,
compare historical patterns, and set and monitor conservation
goals.
-- Insurance Discounts - Insurance companies are already
offering discounts on premiums making Flo self-funding over time.
Some users are already receiving a $700 discount on annual
premiums.
"With 13 percent of a home's water lost to leaks and $9 billion
paid out in water damage each year, Flo is a game-changer for the
home. Rather than waiting for a water catastrophe to strike, Flo
proactively monitors the water system to find vulnerabilities
before they cause damage," said Halimi. "After nearly 10 years of
development, we are excited to bring Flo to homes across America
and proud of its potential to make an impact on our users, plumbing
professionals and insurance companies as well as our most precious
resource, water."
Flo is available for purchase now on its website and will begin
shipping in February. Priced at $499, Flo is cheaper than other
systems despite offering vastly more features. Flo will also be
available nationwide through its partnership with American Leak
Detection, which will also be selling and installing Flo throughout
its North America network. For further information visit
www.meetflo.com
-ends-
Amerrical Leak Detection Contact
Lisa Keeton
VP, Sales and Insurance Partnerships
lkeeton@americanleakdetection.com
(760)-399-7187
Flo Technologies Contact
Ian Twinn / Tandem Marketing Communications
iantwinn@tandemcomms.com
(917) 306-7270
About Flo Technologies, Inc.
Founded in 2015, Flo Technologies, Inc. is a family company
providing innovative and accessible technology solutions that
enable and transform the control and conservation of water at home.
Flo Technologies has raised more than $11 million through a Series
A funding round led by leading VC firm Crosslink Capital, with
participation from Anthemis Group and an affiliate of USAA, a
financial services provider. The company's first product, Flo, is a
home water monitoring and shut-off system and the first device on
the market to sense water pressure, flow rate and temperature while
using machine learning to learn homeowner's usage patterns. For
further information visit www.meetflo.com
About American Leak Detection
American Leak Detection (ALD), is the world's leading specialty
leak detection services company with operations in the US, Canada,
Australia and Belgium. A subsidiary of Water Intelligence PLC (LON:
WATR), it operates a network of over 1,000 plumbers in the U.S. and
serves over 200,000 homes, a number that continues to grow year
over year. ALD has a national channel structure for insurance
companies that provides pin-point leak detection and repair
services to minimize potential home-owner damages across the United
States. For further information visit
www.americanleakdetection.com
This information is provided by RNS
The company news service from the London Stock Exchange
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