Vancouver, British Columbia – Tribe Property Technologies Inc. (TSXV: TRBE and OTCQB: TRPTF) (“Tribe” or the “Company”) has partnered with Hytec Water Management Ltd (“Hytec”), to better equip residential communities against pin hole leaks and water corrosion of a building’s overall plumbing system.
“Building health can be impacted by leaks due to water corrosion,” explains Tribe CEO Joseph Nakhla. “What we want to do, is help our communities better prepare or deal with challenges that can impact their building and their home. Our partnership with Hytec can not only help maintain the building’s plumbing but can also assist management in the overall operation of the property.”
Hytec is a leader in water management, preventing pin holes and early plumbing failure in condo properties for over three decades in Canada. Their services address soft and hard water corrosion by introducing naturally occurring food-grade minerals, which create a protective coating for piping, as well as by optimizing the pH of the water.
“We are excited to partner with Tribe and support education and prevention when it comes to avoidable water damage that can have a long-lasting impact on a community,” said Landon Lobb, President of Hytec. “Water naturally causes corrosion and failure of plumbing pipes, resulting in pin holes and flooding of condo properties, which creates unnecessary havoc and needless expense in the many millions of dollars. Our vision is to protect the investments of our community through our clean, proven, simple water management system – for a very reasonable monthly cost.”
About Hytec Water Systems
Hytec Water Systems is a 30-year-old company founded by leaders in soft water management. They have devised a proven, online 24/7 automated water management system for protecting against soft and hard water corrosion and pin hole leaks in a wide variety of large plumbing systems, including high-rise and low-rise condo buildings, commercial buildings and industrial water systems. Hytec’s systems have been installed in more than 600 condo properties, as well as many iconic BC landmarks like Rogers Arena, MacMillian Space Center and the Pan Pacific Hotels. For more details on the services or company information, please visit www.hytecwater.com.
About Tribe Property Technologies
Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe’s integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers.
Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe’s platform decreases customer acquisition costs, increases retention and allows for the addition of value-added products and services through the platform. Visit tribetech.com for more information.
ON BEHALF OF THE BOARD
Chief Executive Officer
Tribe Property Technologies Inc.
Chief Executive Officer
1155 West Pender Street, Suite 419
Vancouver, British Columbia
For further information, contact:
Corporate + Media
VP Communications and Marketing
Tribe Property Technologies
(604) 398-4161 ext.703
NOT FOR DISTRIBUTION IN THE U.S. OR TO U.S. NEWSWIRE SERVICES.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws regarding the Company and its business. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Forward-looking statements or information in this news relate may relate to statements with respect to: Tribe partnerships; the aims and goals of the Company; financial projections; growth plans including future prospective consolidation in the rental management sector; future acquisitions by the Company; beliefs of the Company with respect to the independent owner-investors market; prospective benefits of the Company’s platform; and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend and do not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.