Eddy Smart Home Solutions Ltd. announced that one of Canada's insurance carriers has teamed up with the company to bring Eddy's technology across several provinces. This opportunity represents more than $1,000,000 of revenue with a margin profile of approximately 40%.  The partnership was first to install Eddy's system in approximately 100 homes and is now being rolled out imminently to over 1,000 homes as part of a master service agreement. The partnership provides Eddy's leak mitigation technology, which includes equipment, software, 24/7 monitoring, myEddy App, and data. The system identifies and tracks water issues in real-time, paired with a remote and automatic shutoff that stops water at the source.

Eddy's proactive approach to early detection of leaks and issues helps prevent insurance claims and the resulting substantial payouts, making it an attractive technology for insurance carriers and brokers.