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IN BRIEF: Ondo InsurTech partners with Portsmouth Water on leak trial

22nd May 2023 16:36

Ondo InsurTech PLC - London-based company focused on claims prevention technology for home insurers - Says Portsmouth Water and Ondo will jointly reveal the results of the LeakBot pilot programme at the Water Industry Spring Innovation Knowledge Showcase event on June 6. Explains the England and Wales water regulator Ofwat wants water companies to drive down household water consumption by 35 litres per day. States Portsmouth Water has partnered with Ondo to discover whether LeakBot can be used by a water company to reduce water demand through the prevention of plumbing-side leakage in homes.

Current stock price: 18.25 pence, up 14% in London on Monday

12-month change: up 115%

By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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