Canadian utility and billing service provider Carma has entered a channel partnership with Toronto-based Eddy, a supplier of IoT leak mitigation services, to provide intelligent submetering.

Carma’s commitment to customer care and transparency is enhanced by Eddy’s technology offering automatic and remote shutoff capabilities, as well as behaviour leaning to understand water consumption and mitigate against damage.

“Partnering with Eddy is a natural fit for us,” said Michael Platt, Carma CEO. “Our commitment to our customers drove us to seek innovations that align with our business and solve long-standing issues. Eddy’s system protects against damage, reduces downtime and mitigates risk to our customers, including developers, constructors, property managers and residents.”

Travis Allan, CEO and president of Eddy, added: “Water represents the largest risk to the built environment, especially in vertically oriented properties. Carma’s vision to address water damage for their customers through smart submetering is commendable, and we’re thrilled to work with them.”

Carma and Eddy are also working together as sponsors of the upcoming IoT PropTech Summit, a virtual conference that brings together innovators and users of property technology. The event includes a panel specifically addressing the gains of IoT relating to the reduction of risk and insurance.

Carma is a manufacturer, supplier, and full-service provider of submetering systems including electricity, gas, water and cooling and heating. It is also a provider of monthly utility billing, servicing both multi-residential and commercial and industrial buildings across Canada.

Eddy is a North American manufacturer of smart water metering products and related technologies, helping property owners protect, control and conserve water usage by combining water sensing with the IoT. Eddy provides protection to single family homes as well as commercial and residential buildings.