Utopi has announced a new distribution agreement with Watergate, a company working in smart water management.
Under this agreement, Watergate’s smart water management products will be integrated into Utopi’s suite of smart technology solutions, enhancing its capabilities in monitoring utility consumption. This collaboration follows a successful partnership at Greystar’s Chapter Islington property and marks the companies’ expansion into the multi-tenant real estate sector.
Watergate’s technology helps businesses and homeowners prevent expensive leaks, reduce insurance costs, and support their ESG objectives. Its system, which includes the ‘Sonic Smart Water Valve’ alongside apps and enterprise software, employs AI for data analysis. It can detect unusual water usage across a property, notify the owner through a companion app, and even shut off the water supply to prevent damage.
Commenting on the distribution agreement, Utopi’s Chief Technology Officer and Co-Founder, Falk Bleyl, said: “At Utopi, we’re always stressing the need for a thorough picture of granular utility consumption at an asset to be able to truly assess the insights and implement change. Including Watergate in our smart technology offering allows us to now include leak detection and water consumption analytics, as well as remote and automatic shut off capabilities. We are committed to always ensuring we make data acquisition, analysis and action simple for our clients, and this agreement showcases our dedication to that.”
“In the past, too often water was overlooked in net-zero discussions. But today more and more property owners understand how better water management delivers a triple win of lower bills, fewer CO2e emissions, and a boost to their reputation and ESG scores. Partnering with Utopi will bring those benefits to even more properties and ensure smart water management is recognised as contributing to increased overall asset values,” added Krystian Zajac, Founder and CEO of Watergate.
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