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RNS Number : 6276I  Ondo InsurTech PLC  24 November 2025

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain.

 

24 November 2025

 

Ondo InsurTech Plc

("Ondo" or "the Company")

 

Expansion of Nationwide Contract

 

Nationwide extends LeakBot roll-out with the solution

 now available to Nationwide customers across 26 US states

 

 

Ondo InsurTech (LSE: ONDO), a leading company in claims prevention technology
for home insurers, is pleased to announce that Nationwide has placed a further
order for LeakBot devices and services to expand the program into ten
additional states.

 

This follows the successful completion of Nationwide's first two orders, which
together deployed LeakBot across 16 states. The partnership has already
delivered significant results, with LeakBot plumbers having fixed over 1,100
issues in Nationwide customers' homes. Despite the rapid scale-up in
distribution, LeakBot has consistently maintained excellent customer outcomes,
including a Net Promoter Score of +87 and average Customer Satisfaction of 4.9
out of 5.0.

 

This next order confirms that LeakBot is now firmly established partner in
Nationwide's smart home program, which provides connected devices to help
customers predict and prevent losses in the home.

 

Sarah Griffin, Senior Vice President of Personal Lines Product and
Underwriting at Nationwide, said:

"We are pleased to expand LeakBot to even more customers and help reduce
avoidable water losses. Customers like that these devices are offering greater
peace of mind and protection from unforeseen damage and disruption in their
home."

 

Craig Foster, CEO of Ondo InsurTech, said:

"We are delighted that Nationwide has chosen to expand the LeakBot programme
further following the success of Orders One and Two. Maintaining outstanding
customer satisfaction while fixing hundreds of leaks at scale shows the
effectiveness and scalability of our solution. This next step in the
partnership brings us closer to our goal of making LeakBot available to
homeowners right across the United States."

 

 

Enquiries

 

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

 

 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 Higgs
 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 - claims
prevention technology that prevents water damage claims in houses. Water
damage is the single biggest cause of home insurance claims, accounting for
$17bn of claims every year in the USA and UK combined. LeakBot is a patented
self-install solution that connects to the home 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 plumbers 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%.

 

LeakBot partners with 26 insurance carriers - including Nationwide, Liberty
Mutual, Admiral, Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark
- both in Europe and the USA.

 

Ondo holds the coveted London Stock Exchange Green Economy Mark awarded to
companies who derive the majority of their income from Green activities.

 

For more information, visit www.ondoplc.com (http://www.ondoplc.com/)

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