How do we know this actual design etc actually existed??

Smart home product development – Utilizing its patented intellectual property, the Company is developing a smart home product to monitor a household’s water usage, help prevent water damage and reduce insurance claims by detecting leaks and monitoring water pressure in real-time, assess water quality, and assist homeowners with water conservation efforts. Water conservation is a critical issue impacting the environment as nationwide water supplies become increasingly stressed and water damage claims cost individual homeowners thousands of dollars, and insurance companies billions of dollars every year. The Company recently completed the industrial design phase of the project and continues to focus on firmware and software development.