Business
ALD and Flo Technologies Partnership
ALD and Flo Technologies Partnership.
About this update from Water Intelligence Plc
[{"type":"text","content":"\n \nRNS Number : 3688B Water Intelligence PLC 10 January 2018 \n\n \nAMERICAN LEAK DETECTION AND FLO TECHNOLOGIES PARTNER TO BRING END-TO-END SOLUTION TO RESIDENTIAL WATER LEAKS\nSmart 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 \nLos 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. \nAvailable 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. \nThe 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. \n\"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 ...