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reed

Brief overview of the product or service the Company offers.

Water damages happen often then fires, owners and operators do not have visibility to the impact and do not have the means to shut down the water quickly and remotely. reed is an IoT service connecting traditional plumbing systems to owners & operators in mid-market commercial properties, mitigating the severity of water damages and unlocking $5k-$20k operational savings per year.

Overview of how the product solution enables Resiliency, as defined by reducing frequency and severity of incidences and helping people, businesses and communities prepare for and manage risks, as well as get back to a restored state.

When a water system fails, either by a pipe burst or a drain backup, operators struggle with closing down the water. This happens because shutoff valves are stuck, behind drywall or no-where to be found. in commercial properties, there is frequent replacement of staff and lack of visibility into the mechanical systems. The average time for a plumber to arrive on site is 2 hours, when a leak happens, the difference between closing the water in 15 min vs 2 hours is the difference between $5000 and $250,000 damages. reed system connects operators to plumbing fixtures, detect leaks and enables remote shutoff of water until a plumber arrives on site. The system logic also autonomously exercise valves and provides a predictive maintenance approach to ensure no valve seize when needed. Lastly, reed system is accessible via any web interface and has an intuitive dashboard that all staff (including concierge or security guard) can access easily.

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