ONDO INSURTECH PLC — M&A Activity 2025

Feb 13, 2025

National Storage Mechanism | Additional information

RNS Number : 9222W

Ondo InsurTech PLC

13 February 2025

13 February 2025

Ondo InsurTech Plc

(" Ondo " or the "Company")

Liberty Mutual Insurance to Pilot LeakBot in the United States

Ondo Insurtech PLC (LSE: ONDO), a leading company in claims prevention technology for home insurers , is pleased to confirm that Liberty Mutual Insurance, the 6th largest personal lines P&C insurer in the US, has signed a contract with LeakBot USA Inc. to pilot the LeakBot device and service to homeowners' insurance customers in four US states.

Consistent with the Company's other commercial contracts, the agreement involves upfront payments ahead of anticipated shipments.  

Enquiries

For further information, please visit www.ondoplc.com   or contact the following:

Ondo InsurTech Plc	Craig Foster, CEO Kevin Withington, CFO	+44 (0) 800 783 9866
Dowgate Capital Ltd (Broker & Financial Advisor)	Russell Cook Nick Chambers Charlie Hall	+44 (0) 20 3903 7715
Cassiopeia Services Ltd (PR & Investor Relations)	Stefania Barbaglio	+44 (0) 7949 690338

About Ondo InsurTech PLC

Ondo is a world-leading provider of claims prevention technology for home insurers. Ondo's focus is on the global scale-up of LeakBot, technology that prevents water damage claims in homes. Water damage is the single biggest cause of home insurance claims, accounting for $17 billion annually in the USA and UK combined. LeakBot is a patented, self-install solution that connects to a home's wireless network and alerts the homeowner via the LeakBot mobile app if a leak is detected, offering access to a team of expert engineers to locate and fix the issue.

Ondo partners with 23 insurance carriers, including Nationwide, Admiral, Direct Line Group, Hiscox, Länsförsäkringar, and TopDanmark, across Europe and the USA.

Ondo holds the London Stock Exchange Green Economy Mark, awarded to companies deriving the majority of their income from green activities.

For more information, visit www.ondoplc.com

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