Today 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.Research 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.
Designed 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 and monitors, the Alarm.com Water Management solution detects both large leaks and small drips early, and intelligently responds to each issue. For example:While the property owner is away, the system detects a large leak from a burst pipe and automatically shuts off water to the home to prevent flooding.
While the property owner is home, the system detects a small leak from a laundry room and sends a notification but keeps the water on to avoid an untimely interruption.The system uses temperature sensors on the Smart Water Valve+Meter along with HVAC and thermostat information to alert the property owner if there is an emerging risk of frozen pipes. While the property owner is away, the system detects a bathroom toilet continually running and closes the water valve to prevent excessive water usage.