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Ondo InsurTech Plc ( (GB:ONDO) ) has issued an announcement.
Ondo InsurTech Plc has announced a pilot agreement with Northumbrian Water to introduce LeakBot to customers in the North East of England, aiming to enhance water efficiency. This initiative follows successful trials with other water companies, where LeakBot significantly reduced water leaks. If successful, the trial could potentially lead to a broader rollout to Northumbrian Water’s 2.7 million customers, enhancing water conservation efforts and customer satisfaction.
More about Ondo InsurTech Plc
Ondo InsurTech Plc is a leading provider of claims prevention technology for home insurers, focusing on the global scale-up of LeakBot, a technology designed to prevent water damage claims in houses. The company partners with 21 insurance carriers across Europe and the USA, and holds the London Stock Exchange Green Economy Mark for deriving the majority of its income from green activities.
YTD Price Performance: -7.50%
Average Trading Volume: 948,273
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £51M
Learn more about ONDO stock on TipRanks’ Stock Analysis page.
