Eddy Smart Home Solutions Ltd. Announces Cory Silver as President

Rhea-AI Summary

Eddy Smart Home Solutions Ltd. appoints Cory Silver as President, emphasizing strategic succession planning. Mr. Silver brings extensive industry experience, driving operational improvements and sales growth. The company aims to expand product offerings and enhance water-related services.

Toronto, Ontario--(Newsfile Corp. - March 1, 2024) - Eddy Smart Home Solutions Ltd. (TSXV: EDY) ("Eddy" or the "Company"), is delighted to announce, in line with its strategic succession planning, the appointment of Cory Silver as its President effective March 1^st, 2024.

Bringing a wealth of experience, Mr. Silver steps into his new role with a comprehensive understanding of the advanced technology and building solutions industry. The transition to this leadership position comes after a succession process during which previous management gradually handed over leadership responsibilities. In his role as a consultant for Eddy, Mr. Silver has spearheaded notable enhancements in the Company's operational and sales processes, contributing significantly to improved cash flow from operating activities.

"I am thrilled to take on the role of President at Eddy and am committed to driving the company's success further," said Mr. Silver. "With our cutting-edge smart technologies, we are poised for continued growth and are dedicated to expanding our product offerings. Our goal is to empower both new and existing clients to manage their water-related issues effectively through advanced leak detection and monitoring services."

For additional information please visit our website www.eddysolutions.com.

ABOUT EDDY
Eddy is a North American developer, manufacturer and distributor of commercial water leak detection equipment, including sensors, smart meters and monitored valves helping property owners protect against damage related to leaks and manage water usage remotely. For more detail on the Company's products or corporate information please visit www.eddysolutions.com. Eddy Smart Home Solutions Inc. is listed on TSX Venture Exchange under the symbol EDY.

For further information on the financial results of the Company, please review the Company's unaudited condensed consolidated interim financial statements and management's discussion and analysis of the financial condition and results of operations for the three and nine months ended September 30, 2023, available on Eddy's SEDAR website at www.sedarplus.ca.

FORWARD-LOOKING INFORMATION AND STATEMENTS
This news release contains forward-looking statements within the meaning of applicable securities laws including, among others, statements concerning our objectives, our strategies to achieve those objectives, our performance, as well as statements with respect to management's beliefs, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance, or expectations that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "outlook", "objective", "may", "will", "expect", "intent", "estimate", "anticipate", "believe", "should", "plans", or "continue", or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Forward-looking information in this news release includes information regarding additional future contracted revenue, the Company's leadership position in intelligent water management and leak protection and the expectation of future sales momentum. These statements are not guarantees of future performance and are based on our estimates and assumptions that are subject to risks and uncertainties, including those described under the heading "Risk Factors" in the Company's filing statement dated January 6, 2022 "(a copy of which can be obtained at www.sedar.com), which could cause our actual results and performance to differ materially from the forward-looking statements contained in this news release.

All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Mark Silver, Executive Chairman and Chief Executive Officer
Tel: 416.221.8998
Email: ir@eddysolutions.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/200135

FAQ

Who has been appointed as President of Eddy Smart Home Solutions Ltd.?

Cory Silver has been appointed as President of Eddy Smart Home Solutions Ltd.

When did Cory Silver assume the role of President?

Cory Silver assumed the role of President on March 1st, 2024.

What industry experience does Cory Silver bring to Eddy Smart Home Solutions Ltd.?

Cory Silver brings a wealth of experience in the advanced technology and building solutions industry.

How has Cory Silver contributed to Eddy Smart Home Solutions Ltd. as a consultant?

As a consultant, Cory Silver has spearheaded enhancements in the company's operational and sales processes, leading to improved cash flow from operating activities.

What are Eddy Smart Home Solutions Ltd.'s goals under Cory Silver's leadership?

Under Cory Silver's leadership, Eddy Smart Home Solutions Ltd. aims to expand product offerings and enhance water-related services for clients.