Collaboration Will Make Smart Leak Detection More Accessible to
Homeowners and Help Maximize Water Use Efficiency in California
Moen, the leader in water experiences in the home, today
announced it has signed an agreement with the California Water
Efficiency Partnership (“CalWEP”) to advance water use efficiency
in California through an instant rebate program for its Flo Smart
Water Monitor and Shutoff. This innovative device offers a
digitally driven and proactive approach to leak detection, with the
ability to help reduce household water wasted through preventable
leaks by up to 90 percent.*
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240626965588/en/
Moen has signed an agreement with CalWEP
to advance water use efficiency in California through an instant
rebate program for its Flo Smart Water Monitor and Shutoff. (Photo:
Business Wire)
“Water damage is claimed six times more than fire and eight
times more than theft, accounting for 24 percent of all insurance
claims.** Not only does this create financial and emotional
hardship for homeowners, it strains the home insurance industry and
wastes an estimated one trillion gallons of water nationwide***
each year,” said Jeff Barnes, vice president, business development,
Moen. “We are excited to partner with CalWEP to help educate
consumers on the prevalence and serious impacts of household leaks,
and to provide them with easier access to our game-changing Flo
Smart Water Monitor and Shutoff. Together, we’re bringing an
essential leak detection and water conservation tool to a state
that is in critical need of it.”
Through this new program, CalWEP’s member organizations – which
include over 225 water agencies, corporations, government agencies,
and non-profit organizations – will have the opportunity to enable
their customers to purchase the Smart Water Monitor and Shutoff
through a dedicated program website. Customers also may be eligible
to receive an instant rebate on the device if purchased through
this portal. Instant rebates will be funded by the participating
member water agencies, with each one determining the specific
rebate amount for their residents.
“At CalWEP, we are working to maximize water efficiency through
cutting-edge programs, collaborative partnerships, and innovative
water-saving technologies,” said Tia Fleming, CalWEP’s co-executive
director. “We look forward to working with such a trusted brand as
Moen to make smart leak detection more accessible to communities
across California in partnership with our member water
agencies.”
The Moen® Flo Smart Water Monitor and Shutoff continuously
monitors the pressure and flow rate of the water moving through a
home's pipes, with the ability to leverage its MicroLeak™
Technology to detect leaks as small as a drop per minute – anywhere
in the home. If the device identifies an issue, it will promptly
send an alert through the Moen Smart Water Network App, enabling
users to turn off the water, or it will automatically shut off the
water to prevent major damage. Homeowners also can track water
usage by fixture and set conservation goals within the app to
further support water-saving efforts.
The Smart Water Monitor and Shutoff – along with many other
smart and water-efficient products in the Moen portfolio – also
helps support Mission Moen, the company’s commitment to protect and
preserve the world’s most precious resource, water, with the goal
of leveraging product innovation to save up to 1 trillion gallons
of water by 2030.
The CalWEP program is anticipated to launch later this year. The
program will run for an initial three-year period in California,
with potential to expand nationwide through CalWEP’s partner
organization, the Alliance for Water Efficiency, which is a
non-profit organization that promotes an efficient and sustainable
water future across North America.
For additional information about the Moen Flo Smart Water
Monitor and Shutoff, visit moen.com/flo. Organizations interested
in leveraging the device can contact Partners@Moen.com.
*Based on Average American Annual Water Leaks of 10,000 Gallons.
**Insurance Information Institute (III) ***Environmental Protection
Agency
ABOUT MOEN
Moen is the #1 consumer faucet brand in North America, offering
a vast array of stylish and innovative kitchen and bath faucets,
showerheads, accessories, bath safety products, kitchen sinks,
garbage disposals, leak detection products and connected home
offerings for residential applications that give consumers more
power than ever before to understand and control the water that
flows through their homes. These thoughtful designs deliver an
exceptional user experience and elevate how people interact with
water daily. In addition, Moen® Commercial offers
superior-performing products that can deliver lower lifetime costs
for today's facilities. For more information, visit moen.com.
ABOUT FORTUNE BRANDS INNOVATIONS
Fortune Brands Innovations, Inc. (NYSE: FBIN), headquartered in
Deerfield, Ill., is a brand, innovation and channel leader focused
on exciting, supercharged categories in the home products, security
and commercial building markets. The Company’s growing portfolio of
brands includes Moen, House of Rohl, Aqualisa, Emtek, Therma-Tru,
Larson, Fiberon, Master Lock, SentrySafe, Yale residential and
August. To learn more about FBIN, its brands and environmental,
social and governance (ESG) commitments, visit www.FBIN.com.
ABOUT CALIFORNIA WATER EFFICIENCY PARTNERSHIP
The mission of California Water Efficiency Partnership (CalWEP)
is to maximize urban water efficiency and conservation throughout
California by supporting and integrating innovative technologies
and practices; encouraging effective public policies; advancing
research, training, and public education; and building
collaborative approaches and partnerships. CalWEP is a chapter of
the Alliance for Water Efficiency, which is a non-profit
organization that promotes an efficient and sustainable water
future across North America. Visit calwep.org for more
information.
SOURCE: Moen, Inc.
SOURCE: Fortune Brands Innovations, Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240626965588/en/
MOEN CONTACT: Samantha Eastman or Emily Baker
Falls & Co. (216) 696-0229 seastman@fallsandco.com
ebaker@fallsandco.com INVESTOR CONTACT: Leigh Avsec
(847) 484-4211 Investor.Questions@fbhs.com CALWEP CONTACT:
Tia Fleming (916) 475-1204 tia@calwep.org
Fortune Brands Innovations (NYSE:FBIN)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024
Fortune Brands Innovations (NYSE:FBIN)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024