Sophia Robinson
Wed, Aug 9, 2023 12:10 PMOndo InsurTech announces new pilot scheme with Southern Water
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Ondo InsurTech PLC has announced a new pilot scheme in collaboration with Southern Water to trial LeakBot, a device aimed at reducing water leaks. This pilot scheme follows a successful trial with Portsmouth Water earlier this year. Ondo's CEO, Craig Foster, believes that the adoption of their leak detection technology presents an opportunity to conserve water and prevent leaks, benefiting both insurance and water companies. Additionally, Foster discusses Ondo's recent expansion into the United States and highlights the company's impressive financial results.
Ondo InsurTech PLC, a leading provider of leak detection technology, has partnered with Southern Water to launch a new pilot scheme aimed at reducing water leaks. This initiative comes after a successful trial with Portsmouth Water earlier in the year.
The pilot scheme will involve the introduction of LeakBot, Ondo's innovative leak detection device, to approximately 1,000 homes. This move makes Southern Water the second water company to adopt Ondo's technology, highlighting its effectiveness in detecting and preventing leaks.
Water scarcity has become a growing concern in the southern region of England, making leak reduction a top priority for water companies. Ondo's technology provides an opportunity to conserve water and address this issue effectively.
Ondo's CEO, Craig Foster, explains, "We were approached by Southern Water, and after evaluating the potential benefits, we agreed to introduce LeakBot as part of this pilot scheme. We believe that our technology can play an instrumental role in addressing water leaks and promoting water conservation."
This collaboration between Ondo InsurTech and Southern Water showcases the growing interest in innovative solutions to tackle the issue of water leaks. By leveraging Ondo's leak detection technology, insurance and water companies can work together to minimize water waste and associated damages.
In addition to this pilot scheme, Foster also highlights Ondo's expansion into the United States market. The company recently signed a deal with PURE Insurance, further solidifying its position as a global leader in leak detection technology.
Foster underlines the company's financial success, affirming that Ondo has reflected substantial growth in terms of unit sales, registered customers, and revenue. These positive results indicate the company's potential for further success and market penetration.
The partnership with Southern Water is not only a testament to Ondo's technological capabilities but also emphasizes its commitment to sustainability and environmental consciousness. Through the use of LeakBot, Ondo and water companies can work together to conserve water resources and combat the challenges posed by water leaks.
To learn more about Ondo InsurTech and its innovative leak detection technology, visit their website.
Source of content: OOO News 2023-08-09 News
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