Ontario Construction News staff writer
Eddy Smart Home Solutions Ltd. says general contractor PCL Construction has increased its investment in the business, which provides water management and leak detection technology.
In a statement last Wednesday, Eddy said that PCL increased its position in the publicly-traded business to 9.99%, with 612,861 post-consolidated shares through an existing shareholder rights offering and private placement.
Eddy says its products use intelligent water monitoring technology to protect property from leaks and floods.
“Our increased investment in Eddy underscores our belief in the critical importance of advanced leak protection technology,” PCL Construction’s deputy CEO Chris Gower said in the news release. “Water damage is a significant challenge on construction sites, and managing this risk is vital for project success. Eddy’s innovative solutions align perfectly with our commitment to building excellence, sustainability, and protecting our sites.”
“We are excited to strengthen our partnership with PCL Construction. This support is a testament to the impact our technology has made in the industry and our shared vision for the future of water management,” said Cory Silver, president of Eddy Smart Home Solutions Ltd.