Ondo InsurTech Plc (GB:ONDO) has released an update.
Ondo InsurTech Plc has significantly ramped up its production capacity at its UK facility to meet rising demand for its LeakBot technology, especially in the U.S. The company is in advanced negotiations with large U.S. insurers to expand its market presence, with plans to increase production from 10,000 to 40,000 units monthly. This strategic move highlights Ondo’s commitment to capturing a larger share of the water damage prevention market.
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