REG - Ondo InsurTech PLC - Contract

Ondo InsurTechAnnouncement

Wed 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250903:nRSC7341Xa&default-theme=true

RNS Number : 7341X  Ondo InsurTech PLC  03 September 2025

3 September 2025

Ondo InsurTech Plc

("Ondo" or the "Company")

 

New Agreement signed

 

Admiral commitment to deploy 10,000 LeakBots in 2025

 

 

Ondo InsurTech Plc (LSE: ONDO), the claims prevention technology company for
home insurers, is pleased to announce that Admiral has signed a new two-year
agreement to continue offering LeakBot to its home insurance customers. As
part of this renewed partnership, Admiral will deploy an additional 10,000
LeakBot devices in 2025.

 

Admiral is one of the top five UK home insurance providers and has been
working with LeakBot since 2022, using the technology to help policyholders
proactively detect and resolve hidden water leaks before they cause
significant damage.  The 10,000-device deployment will be implemented before
the year end and supports Admiral's broader strategy to mitigate water damage
risk and enhance service for policyholders.

 

Enquiries

 

For further information, please visit (http://www.ondoplc.com/)
www.ondoplc.com (http://www.ondoplc.com/) or contact the following:

 

 Ondo InsurTech Plc                 Craig Foster, CEO       +44 (0) 800 783 9866

                                    Kevin Withington, CFO
 Dowgate Capital Ltd                Russell Cook            +44 (0) 20 3903 7715

 (Broker & Financial Advisor)       Charlie Hall

                                    Amber Philipps
 Cassiopeia Services Ltd            Stefania Barbaglio      +44 (0) 7949 690338

 (PR & Investor Relations)

 

 

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 if it detects a leak, notifies the customer via
the LeakBot mobile app and provides access to a team of expert LeakBot
engineers to 'find and fix' the problem. Independent research by Consumer
Intelligence found LeakBot can reduce the cost of water damage claims by up to
70%.

 

Ondo partners with 25 insurance carriers, including Nationwide, Liberty
Mutual, 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 (http://www.ondoplc.com/)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTBCGDCBXGDGUD