WINT and Ferguson announce strategic collaboration to elevate water management and leak mitigation for real estate and construction
Rhea-AI Summary
WINT Water Intelligence and Ferguson, the largest U.S. distributor of plumbing supplies, announced a strategic collaboration for comprehensive distribution of AI-based water management solutions throughout the United States. Through this partnership, WINT's advanced water management and leak-prevention solutions will be available through Ferguson's extensive distribution network.
The collaboration aims to enhance water consumption monitoring, damage prevention, and sustainability efforts. WINT systems have demonstrated significant benefits, including 20%-25% reduction in water consumption and associated carbon emissions. According to a Munich Re study, construction sites protected by WINT showed 73% fewer insurance claims and 90% less payouts compared to unprotected sites.
WINT's platform features portfolio-wide monitoring, real-time leak detection with auto shut-off, and AI-powered analytics, serving global customers including Suffolk Construction, HP, PepsiCo, and the Empire State Building.
Positive
- Strategic partnership expands WINT's distribution reach across the U.S. market
- Systems demonstrate 20-25% reduction in water consumption and carbon emissions
- Proven 73% reduction in insurance claims and 90% decrease in payouts at protected construction sites
- Platform contributes to LEED sustainability scoring for green buildings
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, FERG gained 3.37%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Industry leaders deliver comprehensive distribution of AI-based water management, protection and risk mitigation solutions throughout the
"We are thrilled to team up with Ferguson, a true leader in the plumbing and HVAC industries," said Alon Geva, WINT's CEO. "This strengthens WINT's distribution channels with more capabilities while also allowing us to concentrate on elevating and further developing our innovative software solutions. Together, we aim to set new standards in water management and leak detection."
Moving forward, Ferguson will now offer WINT's advanced water management solutions to its customers and manage the distribution of WINT's systems throughout
"As the importance of preventing leaks and water damage grows, we recognize the need to provide our customers with the most advanced and reliable solutions available," said Trey Horne, Ferguson outside sales representative. "Working with WINT ensures our customers have full access to top technology to help safeguard their properties and minimize the impact of water-related issues, all while driving the path toward better sustainable water management together."
WINT systems installed in buildings report to reduce water consumption and its associated carbon emissions by
WINT equips contractors, developers and property management teams with holistic solution for managing water throughout the lifecycle of a building, from construction to operation. It is used globally by customers including Suffolk Construction, HP, PepsiCo, the
The WINT platform includes portfolio-wide water monitoring and analysis, leak mitigation with real-time detection and auto shut-off; unparalleled anomaly detection and analytics powered by advanced AI algorithms; and comes with an enterprise-grade management for operation in large and mid-sized facilities. Green buildings deploying WINT can add multiple credits to their overall LEED sustainability score to increase their overall ranking.
To explore how you can benefit from the Ferguson and WINT collaboration, click here.
About WINT
WINT Water Intelligence is dedicated to helping manage water in buildings to reduce their environmental footprint, prevent the hazards and costs associated with water leaks, and increase their sustainability ranking. Utilizing the power of artificial intelligence and IoT technology, WINT provides a solution for commercial facilities, construction sites and industrial manufacturers looking to cut water waste and its associated carbon emissions and to mitigate water-leak disasters. In 2023, WINT prevented more than 900 water damage incidents, saving customers tens of millions of dollars while conserving 652 million gallons of water and preventing 22,000 metric tons of carbon emissions. WINT has been recognized by Fast Company and CB Insights as one of the world's most innovative AI companies and has won multiple awards including "Next Big things in Tech" and Insurance Times' claims prevention technology award. It was also listed at the top
For more information about WINT, visit https://wint.ai
About Ferguson
Ferguson (NYSE: FERG; LSE: FERG) is the largest value-added distributor serving the specialized professional in our
MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
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SOURCE WINT Water Intelligence