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Tribe Property Technologies Announces Partnership with Eddy Solutions, Bringing Smart Water Metering to New Construction Buildings
Tribe Property Technologies Announces Partnership with Eddy Solutions, Bringing Smart Wat...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n \n \n \n Tribe Property Technologies Announces Partnership with Eddy Solutions, Bringing Smart Water Metering to New Construction Buildings\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION IN THE U.S. OR TO U.S. NEWSWIRE SERVICES./\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 6, 2021\n \n /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (\"Tribe\" or the \"Company\") has partnered with Eddy Solutions (\"Eddy\"), a leader in IoT (Internet of Things)-enabled water protection, specializing in water monitoring and leak detection for properties of all types.\n \n \n \n \n \n \n \n \n \n \"We are excited to bring Eddy's comprehensive suite of smart water monitoring devices to our digital ecosystem,\" explained\n \n Joseph Nakhla\n \n , Tribe CEO. \"By combining behavioural learning, real-time alerts and a comprehensive dashboard, Eddy Solutions offers greater control and transparency on consumption, risk mitigation and preventative maintenance options to our portfolio of new construction buildings as well as our existing communities.\"\n \n \n Tribe has relationships with more than 50 real estate developers across\n \n Canada\n \n building multi-family residential strata, condo, and rental buildings.  With housing starts in\n \n Canada\n \n expected to be 250,000 units by the end of this quarter, and projections of around 220,000 units in 2022 and 200,000 units in 2023, there is significant opportunity for smart water metering to become an industry expectation\n \n 1\n \n .\n \n \n \"Water claims are one of the biggest damage risks and leading cause of rework and claims during construction, with approximately\n \n $6 billion\n \n paid out in water damage claims annually across\n \n Canada\n \n ,\n \n 2\n \n \" shared Mr. Nakhla. \"Water protection is integral to the long-term health, value and management of a building.\"\n \n \n Tribe's Digital Partnership Program is focused on developing partnerships that elevate service offerings and convenience, improve efficienci...