Buoy Labs Enters Strategic Relationship with Delta Faucet Company to Elevate America’s Smart Home Water Experience

SANTA CRUZ, Calif.–(BUSINESS WIRE)–Today, Buoy Labs, creators of the Buoy™
single-point, AI-powered smart home water management device, and Delta
Faucet Company, the manufacturer of Delta®, Brizo®
and Peerless® products, announced a strategic relationship to
advance smart home innovation. With category expertise and insights,
Buoy Labs and Delta Faucet will work to elevate connected home water
experiences, from whole-home water management to water savings and usage.

“As an innovation-driven company, we strive to work with pioneering
organizations that share our passion to optimize and enhance the way
consumers interact with and experience water,” said Bob Rodenbeck,
senior director of research and development, Delta Faucet Company. “From
the Delta
Leak Detect
device to our voice-activated
kitchen faucet
, our interest in water management and IoT solutions
runs deep. Our relationship with Buoy Labs is exciting because it
creates opportunities to unlock tremendous value for consumers to enjoy
and preserve one of the world’s most valuable resources.”

A Michigan State University study1 showed that, within five
years, nearly 40 percent of US households won’t be able to afford their
water bill. Independent and Buoy Labs-collected data shows that
preventable leaks are a significant contributor to this worsening
problem, with 10 percent of all home water use wasted every month due to
running toilets, leaky faucets, malfunctioning washers, and other leaks
– all of which can be fixed with a single visit from a plumber.

“Success in consumer hardware often relies on the strength of an
organization’s partnerships,” said Keri Waters, co-founder and CEO of
Buoy Labs. “To find a partner in Delta Faucet Company with over 75 years
of experience as a global leader in the home water industry and a
startup’s drive toward rapid innovation, is a tremendous gift.”

Buoy Labs and Delta Faucet Company began collaborating in 2017 in an
effort to advance the category of in-home water management solutions.
For more information, visit DeltaFaucet.com or Buoy.ai.

About Buoy Labs

Buoy Labs has developed a smart home device that attaches to the main
water line and uses proprietary machine-learning algorithms to deliver
water usage data segmented by usage type. The detailed insights provided
by the Buoy system allow homeowners to enjoy water without worrying
about cost or other constraints. The Buoy system notifies homeowners of
leaks via a mobile app so they can shut off water remotely. Buoy Labs
won a gold medal at the 2017 Edison Design awards, an honorable mention
for the 2017 Fast Company Design awards, and an Innovation Award for CES
2018. Buoy Labs also participated in the Highway 1 hardware accelerator
program, and recently was awarded a grant from the Elemental Excelerator
in Honolulu, Hawaii. Buoy Labs is based in Santa Cruz, California; its
investors and advisors include Highway 1 Accelerator, Toby Corey, Mark
Mitchell, Jay Adelson, Andy Smith, Wallace J. Nichols, and other
corporate and angel investors.

About Delta Faucet Company

Founded by Masco Corporation in 1954 with the introduction of the
single-handle faucet, Delta Faucet Company is proud to be America’s
faucet innovation leader, featuring Delta®,
Brizo®
and Peerless®
products. A WaterSense® partner of the U.S.
Environmental Protection Agency, Delta Faucet is a global organization
offering kitchen
and bath
faucets, showerheads,
tub
and shower systems
, toilets
and related accessories, selling products in more than 53 countries. For
more information, visit www.deltafaucetcompany.com.

1 https://msutoday.msu.edu/news/2017/affordable-water-in-the-us-a-burgeoning-crisis/

Contacts

DRSmedia
Kevin Brown, 512-917-8744
kevin@drsmedia.com