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Ondo InsurTech shares up on agreement with South West Water

Mon, 26th Feb 2024 09:33

(Alliance News) - Ondo InsurTech PLC on Monday said it has signed an agreement with South West Water to reduce water leaks in the south west of England.

Shares in the London-based claims prevention technology firm were up 5.2% to 26.83 pence each in London on Monday morning.

South West Water, part of Pennon Group PLC, provides water and wastewater services to 1.8 million customers across Cornwall, Devon, the Isles of Scilly and parts of Dorset and Somerset. South West Water will deploy Ondo's LeakBot product and service to an initial 6,000 customers by the end of March.

LeakBot is a self-install claims prevention technology which connects to the wireless network of a home, alerting customers if it detects a leak.

"This strategy of a rapid rollout of the LeakBot service in a high water usage area is with the intention of reducing water wastage by alerting customers and resolving as many leaks as possible, as quickly as possible," Ondo explained.

It added that South West Water customers will be offered a LeakBot and a free repair, with as many repairs as possible being completed within the first few months. The water company will monitor the impact of LeakBot over the following three to six months with the intention of increasing roll out beyond the initial target area.

Chief Executive Craig Foster said: "The immediate roll out of LeakBots within the South West is further evidence of the traction we're seeing from water companies who are keen to see the impact we can have on reducing leaks and water wastage within a customer's home. A roll out with South West Water will allow us to help prevent unnecessary wastage through domestic leaks. We look forward to working on the deployment of the initial 6,000 LeakBots and any future activity."

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Jul 2024 13:46

UK earnings, trading statements calendar - next 7 days

Tuesday 23 July 
Compass Group PLCTrading Statement
James Cropper PLCFull Year Results
JTC PLCTrading Statement
Mitie Group PLCQ1 Results
Serco Group PLCFull Year Results
Science Group PLCHalf Year Results
SThree PLCHalf Year Results
Wednesday 24 July 
Aston Martin Lagonda Global Holdings PLCHalf Year Results
Breedon Group PLCHalf Year Results
easyJet PLCTrading Statement
Fresnillo PLCHalf Year Results
FRP Advisory PLCFull Year Results
Greencoat UK Wind PLCHalf Year Results
Harworth Group PLCTrading Statement
Hochschild Mining PLCHalf Year Results
Motorpoint Group PLCTrading Statement
Nichols PLCHalf Year Results
Norcros PLCTrading Statement
PensionBee Group PLCHalf Year Results
Primary Health Properties PLCHalf Year Results
Reckitt Benckiser Group PLCHalf Year Results
RHI Magnesita NVHalf Year Results
Totally PLCFull Year Results
Unite Group PLCHalf Year Results
Van Elle Holdings PLCFull Year Results
Thursday 25 July 
Airtel Africa PLCQ1 Results
Anglo American PLCHalf Year Results
Aptitude Software Group PLCHalf Year Results
AstraZeneca PLCHalf Year Results
British American Tobacco PLCHalf Year Results
Britvic PLCQ3 Results
BT Group PLCTrading Statement
Centamin PLCHalf Year Results
Hammerson PLCHalf Year Results
Howden Joinery PLCHalf Year Results
IG Group Holdings PLCFull Year Results
Indivior PLCHalf Year Results
ITV PLCHalf Year Results
Lloyds Banking Group PLCHalf Year Results
Pennant International Group PLCTrading Statement
Relx PLCHalf Year Results
Rentokil Initial PLCHalf Year Results
Unilever PLCHalf Year Results
Vodafone Group PLCTrading Statement
Workspace Group PLCTrading Statement
Friday 26 July 
Airtel Africa PLCQ1 Results
Anglo American PLCHalf Year Results
Aptitude Software Group PLCHalf Year Results
AstraZeneca PLCHalf Year Results
British American Tobacco PLCHalf Year Results
Britvic PLCQ3 Results
BT Group PLCTrading Statement
Centamin PLCHalf Year Results
Hammerson PLCHalf Year Results
Howden Joinery PLCHalf Year Results
IG Group Holdings PLCFull Year Results
Indivior PLCHalf Year Results
ITV PLCHalf Year Results
Lloyds Banking Group PLCHalf Year Results
Pennant International Group PLCTrading Statement
Relx PLCHalf Year Results
Rentokil Initial PLCHalf Year Results
Unilever PLCHalf Year Results
Vodafone Group PLCTrading Statement
Monday 29 July 
Cranswick PLCQ1 Results
Jadestone Energy PLCHalf Year Results
Ondo InsurTech PLCFull Year Results
Pearson PLCHalf Year Results
Smithson Investment Trust PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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10 Jun 2024 11:55

Ondo InsurTech partners expand LeakBot solution into Washington state

(Alliance News) - Ondo InsurTech PLC on Monday announced further advancements to the expansion of its US operations.

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15 May 2024 21:43

TRADING UPDATES: Future Metals celebrates state government grant

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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13 May 2024 18:42

IN BRIEF: Ondo InsurTech plans to raise GBP4.2 million

Ondo InsurTech PLC - London-based provider of claims prevention technology for home insurers - Plans to raise GBP3.0 million via a placing to new and existing institutional investors at 14.0 pence per share. Further, proposes to raise GBP1.2 million via open offer at the same price. Terms of open offer are 1 new open offer share for every 10 existing shares. Net proceeds to be used to establish an administration and service support centre in the US; build and expand operations across the US; and provide working capital to finance growth in rollouts.

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29 Apr 2024 17:14

TRADING UPDATES: RentGuarantor revenue up; Aura progresses Tiris

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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16 Apr 2024 20:19

TRADING UPDATES: System1 revenue jumps; Pathfinder amends deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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21 Feb 2024 11:43

IN BRIEF: Ondo InsurTech inks Leakbot deal with Selective Agreement

Ondo InsurTech PLC - London-based claims prevention technology firm - Signs agreement with Selective Agreement Group for the use of Leakbot. LeakBot is a self-install claims prevention technology which connects to the wireless network of a home, alerting customers if it detects a leak.

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3 Jan 2024 10:13

Ondo InsurTech expands distribution deal with Danish insurer

(Alliance News) - Ondo InsurTech PLC on Wednesday said it has agreed a deal with LB Forsikring to increase the distribution of its LeakBot technology in Denmark.

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30 Nov 2023 21:10

EARNINGS AND TRADING: Dispensa and SkinBioTherapeutics losses widen

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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20 Nov 2023 16:15

Ondo InsurTech interim loss narrows as revenue growth outpaces costs

(Alliance News) - Ondo InsurTech PLC on Monday said that the need for its product was growing as it announced a halved half-year loss as revenue increased faster than costs.

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14 Nov 2023 12:12

IN BRIEF: Ondo InsurTech surges on Nationwide partnership

Ondo InsurTech PLC - London-based claims prevention technology firm for home insurers - Partners with Ohio-based insurance and financial services firm Nationwide to offer Leakbot device to US homeowners insurance customers as part of its Smart Home Program. "This new offering will help to fill a common protection gap that many homeowners may face", it says. LeakBot is a self-install claims prevention technology which connects to the wireless network of a home, alerting customers if it detects a leak. Says it is working with Nationwide towards the first state launch, which is scheduled for early 2024.

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13 Nov 2023 15:48

UK shareholder meetings calendar - next 7 days

Tuesday 14 November 
Celsius Resources LtdAGM
Essentra PLCGM re movement of merger relief reserve
Financials Acquisition CorpEGM re LIU business combination
Fonix Mobile PLCAGM
Petra Diamonds LtdAGM
Smoove PLCGM re takeover by Pexa Group
t42 IoT Tracking Solutions PLCAGM
Wednesday 15 November 
Alternative Income REIT PLCAGM
Ascent Resources PLCGM re approval to issue 45 million shares
CQS Natural Resources Growth & Income PLCAGM
European Opportunities Trust PLCAGM
Hays PLCAGM
Henderson Eurotrust PLCAGM
Northern Bear PLCGM re tender offer
Reach PLCGM re proposed capital reduction
Synergia Energy LtdAGM
Zegona Communications PLCGM re acquisition agreement
Thursday 16 November 
Close Brothers Group PLCAGM
Craneware PLCAGM
Critical Mineral Resources PLCAGM
Dunelm Group PLCAGM
Eagle Eye Solutions Group PLCAGM
JD Wetherspoon PLCAGM
Kier Group PLCAGM
Marble Point Loan Financing LtdAGM
MJ Gleeson PLCAGM
Origin Enterprises PLCAGM
Ricardo PLCAGM
Smiths Group PLCAGM
Friday 17 November 
Future Metals NLAGM
Red Rock Resources PLCGM re allot equity securities
Rockpool Acquisitions PLCAGM
Saietta Group PLCGM re annual accounts and reappointment of auditors
US Solar Fund PLCGM re change of investment policy
Monday 20 November 
Hellenic Dynamics SAGM re share subdivision and share reclassification
McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Sep 2023 15:55

UK shareholder meetings calendar - next 7 days

Tuesday 19 September 
Africa Opportunity Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM re supply arrangement with Lucid Group Inc
Augmentum Fintech PLCAGM
Beacon Rise Holdings PLCAGM
Begbies Traynor Group PLCAGM
Chill Brands Group PLCAGM
DP Aircraft I LtdAGM
Great Southern Copper PLCAGM
Manolete Partners PLCAGM
Moonpig Group PLCAGM
Oxford Instruments PLCAGM
ProCook Group PLCAGM
SRT Marine Systems PLCAGM
Unicorn Mineral Resources PLCAGM
Wednesday 20 September 
Accsys Technologies PLCAGM
Frasers Group PLCAGM
Games Workshop Group PLCAGM
Hidong Estate PLCAGM
IG Group Holdings PLCAGM
Ilika PLCAGM
Nippon Active Value Fund PLCGM re assets rollover
Quiz PLCAGM
Seed Innovations LtdAGM
STS Global Income & Growth Trust PLCAGM
Thursday 21 September 
Ascent Resources PLCGM re audited annual accounts
Intercede Group PLCAGM
Kore Potash PLCGM re capital raise
Liontrust Asset Management PLCAGM
Mercia Asset Management PLCAGM
Molecular Energies PLCAGM
Oberon Investments Group PLCAGM
Pelatro PLCGM re AIM cancellation
Sosandar PLCAGM
Thruvision Group PLCAGM
Trakm8 Holdings PLCAGM
Van Elle Holdings PLCAGM
Friday 22 September 
Argos Resources LtdGM re members voluntary liquidation
B&M European Value Retail SAGM re appointing Lasry as director
Faron Pharmaceuticals LtdEGM re election of new board members
Stranger Holdings PLCAGM
SysGroup PLCAGM
TI Fluid Systems PLCGM re waiver resolution
Odyssean Investment Trust PLCAGM
Monday 25 September 
Amte Power PLCGM re share issue to raise GBP2m
Ondo InsurTech PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re appointment of new directors
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Aug 2023 10:55

IN BRIEF: Ondo InsurTech Non-Exec Morrison sells GBP180,000 in shares

Ondo InsurTech PLC - London-based claims prevention technology firm for home insurers - Non-Executive Director Andy Morrison sells 600,000 shares at a price of 30.0 pence each, worth GBP180,000, in London on Monday. Following the transaction, Morrison is now interested in 3.0 million shares, a 3.8% stake.

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