REG - Water Intelligence - Home Builder National Account Win

Water IntelligenceAnnouncement

06/10/2021 07:05

RNS Number : 1755O
  
Water Intelligence PLC
  
06 October 2021
  
 

Water Intelligence plc
Home Builder National Account Win
 
Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Company"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce the launch of a new national account channel for its American Leak Detection (ALD) subsidiary. ALD will be leveraging both its platform of more than 150 locations across 46 states of the United States and its standardized workflow across its operating geographies to provide water and wastewater solutions for a leading home builder in the Midwest United States. 
To date, the Group has focused on developing a national account channel for the insurance market.  It has also won channel accounts for the property management market. With today's win, ALD will be entering a new complementary channel, working with a leading home builder in the Midwest on new construction projects. ALD will first install and then test water and sewer lines for leaks using ALD's proprietary technology. The commercial relationship is expected to increase Group sales over the next 12 months by $1 million or more. ALD expects the relationship to continue to grow over time as market demand for new homes outside of urban areas increases following COVID-19.
Executive Chairman, Dr. Patrick DeSouza commented: "The Group's precision leak detection and minimally invasive repair solutions are in high demand as both the price of water goes up and wastewater management regulation increases. Such regulatory trends are now translating into requirements for home builders with respect to sustainable design and deployment of water and sewer lines.  
Over the last five years, we have built a national account channel with insurance companies and established a track record that emphasizes: minimally invasive technology solutions; automated delivery anywhere, anytime across the US via our Salesforce implementation; standardized workflow; and data security. We look forward to increasing our national accounts with home builders, leveraging the same process that we have developed with national and regional insurance companies."
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014
Enquiries:




Water Intelligence plc
Patrick DeSouza, Executive Chairman


 
Tel: +1 203 654 5426
 




RBC Capital Markets - Joint Broker
Jill Li, Elizabeth Evans


 
Tel: +44 (0)20 7653 4000
 




WH Ireland Limited - NOMAD & Broker
Adrian Hadden, Ben Good


 
Tel: +44 (0)207 220 1666
 




Dowgate Capital Ltd - Broker 

Stephen Norcross     


 
Tel:  +44 (0)7920 599 793




 

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 or visit 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.
 
  END
 
 
MSCUNAVRAUURRRA