Contract

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.

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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."