New Agreement with South West Water

Ondo Insurtech (LSE: ONDO), a leading company in water leak prevention technology, is pleased to announce that it has today entered an agreement with South West Water to reduce water leaks in the South West of England.

South West Water, part of Pennon Group PLC, provides water and wastewater services to 1.8 million customers across Cornwall, Devon, the Isles of Scilly and parts of Dorset and Somerset. South West Water will deploy Ondo's LeakBot product and service to an initial 6,000 customers by the end of March 2024. This strategy of a rapid rollout of the LeakBot service in a high water usage area is with the intention of reducing water wastage by alerting customers and resolving as many leaks as possible, as quickly as possible. South West Water customers will be offered a LeakBot and a free repair, with as many repairs as possible being completed within the first few months. The water company will monitor the impact of LeakBot over the following 3-6 months with the intention of increasing roll out beyond the initial target area.

The South West Water deployment follows the successful results seen by Portsmouth Water in a trial in 2023, where LeakBot achieved a 60% reduction in water leaks within the home. The results were announced at the Spring Innovation Showcase in June 2023, which was attended by over 100 professionals in the water industry.

David Harris, South West Water's Drought and Resilience Director, says: "LeakBot has become a recognised name in leak detection and prevention in the water industry and we've been impressed by the results and feedback seen so far. We're always looking for innovative ways to engage with our customers and reduce water wastage. We're excited to see the impact LeakBot will have on high usage areas and beyond."

Craig Foster, Ondo CEO, says: "The immediate roll out of LeakBots within the South West is further evidence of the traction we're seeing from water companies who are keen to see the impact we can have on reducing leaks and water wastage within a customer's home. A roll out with South West Water will allow us to help prevent unnecessary wastage through domestic leaks. We look forward to working on the deployment of the initial 6,000 LeakBots and any future activity."

​​Enquiries

Part of the Pennon Group PLC, South West Water look after the water and wastewater services for 1.8 million customers across Cornwall, Devon, the Isles of Scilly and parts of Dorset and Somerset.

From treatment and maintenance to innovation and improvements, South West Water are busy every day finding and fixing leaks, unblocking sewers and going bigger and further in their environmental work to be a company you can be proud of.