leak detection

Apple Valley, Minn.—Phyn, an Uponor joint venture, recently received one of the world’s most renowned, product-design awards on behalf of the Phyn Plus: Smart water assistant + shutoff. The company was honored along with the other prize recipients at the 2019 Red Dot Award Gala, held July 8 in Essen, Germany. More than 1,200 guests Read more

Apple Valley, Minn.—Phyn, an Uponor joint venture, recently received one of the world’s most renowned, product-design awards on behalf of the Phyn Plus: Smart water assistant + shutoff. The company was honored along with the other prize recipients at the 2019 Red Dot Award Gala, held July 8 in Essen, Germany. More than 1,200 guests from the international design scene were in attendance.
With over 5,500 entries this year, the Red Dot Award is one of the largest design competitions in the world. The coveted Red Dot Award is an internationally recognized seal of exceptional design quality. See: www.red-dot.org
Phyn Plus given Red Dot Award at gala event in Germany

Left to Right: Michaela Frytag, Head of Corporate Communications- Construction Germany; Christine Schurz, Director of Brand Management Germany; Anastasiia Trubnikova, Senior Marketing Communications Specialist Germany; Laura Selana, Marketing Specialist Germany with the 2019 Red Dot Award for Phyn Plus.

“The design award affirms nearly a decade of development for Phyn Plus and is an important milestone in the product’s 2019 launch in Europe,” according to Davis Zandersons, Director, Intelligent Water, BLD-E at Uponor. “The Red Dot Award raises awareness of the innovative product among influencers, decision-makers and building owners. It also builds awareness of how smart technologies can break new ground in water management.”
Uponor Corporation and Belkin International, Inc. formed the joint venture company, Phyn, in July 2016 to pioneer research and development for smart water solutions in North American and European markets. Both Uponor and Belkin have 50 percent share in the joint venture, working together to introduce water-sensing and water-conserving solutions.
Launched in the United States in January 2018, Phyn Plus is installed on the main water line of a home or a building after the meter by an authorized Uponor Pro Squad team plumbing expert. Once installed, the product uses programmed data and learns the home’s water-use habits, so it can proactively detect leaks and water problems in real time. Learn more at www.connectwithuponorprosquad.com.
In Europe, Phyn Plus is on the market in Finland, France, Spain and Sweden, and is expected to be launched in Germany and Austria later this year.

Apple Valley, Minn. — Uponor Corporation (Uponor) announced that it will invest an additional USD $10 million in Phyn, a joint venture between Uponor and Belkin International, bringing its total investment in the company to USD $25 million. With this second round of funding, Uponor establishes a 50 percent ownership in Phyn, with the other Read more

Apple Valley, Minn. — Uponor Corporation (Uponor) announced that it will invest an additional USD $10 million in Phyn, a joint venture between Uponor and Belkin International, bringing its total investment in the company to USD $25 million. With this second round of funding, Uponor establishes a 50 percent ownership in Phyn, with the other 50% owned by Belkin International.

Phyn will use the funding to further accelerate market penetration and scale the company’s operations as it prepares for commercialization in late spring of its debut product Phyn Plus, smart water assistant + shutoff. As a joint-venture company, Phyn will be consolidated into Uponor’s financial accounts using the equity method.

“Uponor is proud of the innovative work that Phyn is doing, and we see tremendous potential in the solutions that Phyn is bringing to market,” added Jyri Luomakoski, president and CEO, Uponor Corporation. “Our additional investment represents our commitment to the shared vision for the future of intelligent water systems.”

“This funding from Uponor further cements Phyn’s position as the leading solution in the smart water space,” said Ryan Kim, CEO of Phyn. “It comes at a pivotal time for our company and allows us to grow our world-class team further as we continue to dedicate our efforts to solving some of the toughest challenges facing water, so that we not only protect our homes, but also become better stewards of water, our most precious natural resource.”

Phyn Plus is an intelligent water monitor that attaches to the main water line of homes. Through a combination of high-definition pressure sensing and machine learning, Phyn Plus detects leaks and plumbing issues and can automatically shut off the main water supply when needed to prevent costly damage. Phyn Plus will be available for purchase in the U.S., starting late spring, for USD $850 exclusively through the Uponor Pro Squad, a nationwide network of expertly trained plumbers and water specialists.

“Our objective with the joint venture has always been to help progress our business and the plumbing industry into the digital era with better ways to use water more intelligently,” said Bill Gray, president, Uponor North America. “That focus remains the same today, with this additional investment simply underlining both our belief in this partnership and our commitment to being innovation leaders in this space for many years to come.”