Easy to install and access through an app, company’s less than $100 solution can save homeowners about $250 a year in water-related expenses, provide peace of mind from damaging leaks
Seeking to save consumers about $250 a year in water-related expenses, Conservation Labs, is introducing H2know, an affordable, innovative smart water meter that is easy to install and access through an app.
The new company’s easy to install and non-invasive solution, which was recently received recognized with a CES 2018 Eureka Park Climate Change Innovator award, will cost less than $100, far less than other solutions on the market, and works with the homeowner to save money and prevent damaging and costly leaks, including those that can lead to mold and related health problems.
“Conservation Labs was founded not only to save consumers money, but also give them peace of mind from costly, damaging leaks,” said Mark Kovscek, founder and CEO, Conservation Labs.
“H2know is an affordable, easy to install smart water solution that we estimate can save the average homeowner about $250 a year in water-related expenses. H2know is more than just a water meter, our team of data scientists and engineers built a machine learning approach to give consumers actionable insights to save money. Many consumers don’t realize all the money they are losing that is literally going down their drain and that as many as 1 in 50 homes will have significant plumbing problems this year.”
H2know benefits and features include:
Kovscek was inspired to start his company after experiencing his own high-water costs and leak problems.
“In the summer of 2015, my water bill spiked by $100 and realized that we must have an unseen leak in the system,” Kovscek said. “After testing, I found that our heating system had a leak and was releasing water right down the drain, undetected. I surveyed the market and the solutions available at the time were over $1000 and required a plumber. I concluded there has to be a better way. We’ve been working on it ever since.”
Kovscek earned his degree in mathematics from Carnegie Mellon University and has been solving large, complex problems with data science for the last 25 years. He concluded, “This is, by far, the most important challenge in my career. We have the opportunity to improve people’s lives and impact the environment in a very tangible way.”
Research analysts predict that the smart water meter space will become a $2B industry in the coming years. Kovscek attributes this to increasing water rates, environmental concerns, interest and adoption of smart home devices, and affordable solutions to protect property and save money.
He said factors driving this growth include:
About Conservation Labs
Conservation Labs, is introducing its first product, H2know, that can save homeowners $250 each year in water-related expense. The solution provides actionable consumption insights, custom conservation recommendations, and real-time leak detection for less than $100. The company’s low-cost and non-invasive device fits over your main water line and can be installed in about 10 minutes and start creating value on day one. For more information, visit http://www.conservationlabsinc.com.
SOURCE: Conservation Labs