It is every homeowner's nightmare: You go out of town for a day and return home to a damaged house because a pipe burst or a faucet was left on.
Uponor North America, through a joint venture named Phyn, might have come up with the solution. The Phyn Plus Smart Water Assistant debuted last month at the Consumer Electronics Show in Las Vegas and the International Builders Show in Florida and is one of the latest entries into the "internet of Things" category.
The device is a leak detection and automatic water shut-off system controlled with an app that should help to halt the millions in property damage each year caused by unknown water leaks and pipe bursts.
"We are really excited," said Bill Gray, president of Uponor North America. "There is a lot of positive energy and thinking that this is a really good thing that Phyn has developed for homeowners."
The new device is the result of the 21-month-old joint venture between Uponor in Apple Valley and Belkin International in California.
Uponor invested about $15 million in Phyn and now owns 37.5 percent of the joint venture. Eventually, Uponor expects to own 50 percent of the venture, Gray said.
Phyn Plus lets "homeowners manage their water throughout the entire home, even when they're away," said Cassie Schmid, Uponor's strategic marketing manager.
The system can be programmed to automatically shut off water once a problem is detected. Or homeowners can program the corresponding app to alert them via text of the problem and press a button to shut off the water at the home.