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Alarm.com Introduces New Smart Water Valve+Meter to Better Protect Entire Home
Smart Water Solutions Can Help Curb $9.1B Annual Water Damage Costs by 93% LAS VEGAS--(BUSINESS WIRE)-- Today at the Consumer Electronics Show (CES),
About this update from Alarm.com Holdings, Inc.
[{"type":"text","content":"\nSmart Water Solutions Can Help Curb $9.1B Annual Water Damage Costs by 93%\n\n LAS VEGAS--(BUSINESS WIRE)--\nToday at the Consumer Electronics Show (CES), Alarm.com (Nasdaq: ALRM) introduced the Smart Water Valve+Meter to help people avoid billions of dollars in annual property damage loss from water leaks and use water more efficiently. The device is an innovative addition to the Alarm.com Water Management solution, identifying low and high-volume water leaks and constantly monitoring overall water use and current usage rates in homes and businesses. Deep integration with the Alarm.com platform leverages intelligence and insights to help reduce the risk of losses from water emergencies, while also improving water conservation efforts.\n\n\nResearch indicates that adding a smart water solution to security and automation systems can help prevent most of the annual property loss costs from water damage. Despite the constant risk of water leaks, only 6% of homes currently have a smart leak detection system, according to an estimate from Parks Associates. Including the full Water Management solution with an Alarm.com system helps property owners avoid damage from major leaks as well as health and safety issues from prolonged low-volume leaks. Home and business owners may also qualify for insurance discounts.\n\n\n“People want to feel confident that their entire home or business is protected at all times, not just individual aspects of it,” said Jeff Bedell, chief strategy and innovation officer for Alarm.com. “The smart home market is largely composed of standalone devices or single-purpose apps that make device integration difficult. Our intelligent, proactive platform encompasses the critical elements of whole home protection – security and awareness, video monitoring, access, energy and automation, and water management. We’re committed to helping our partners scale their business and expand their network so they can provide customers with comprehensive and fully integrated smart property solutions that are unrivaled in the market.”\n\n\nDesigned and developed by Building36, a subsidiary of Alarm.com, the Smart Water Valve+Meter combines cutting-edge technology with high-quality plumbing hardware to help safeguard properties from costly leak repairs and steep water bills. Using data from the device and a suite of water sensors a...