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Ondo InsurTech PLC - London-based claims prevention technology firm - Signs agreement with Selective Agreement Group for the use of Leakbot. LeakBot is a self-install claims prevention technology which connects to the wireless network of a home, alerting customers if it detects a leak.
Ondo Chief Executive Officer Craig Foster said: ‘We are pleased to add another well-known US insurer to our list of partners and we share the same ambitions and aspirations as Selective - to use technology to protect the homes of families and reduce the risk of property water damage.’
Current stock price: 26.72 pence, up 2.8%
12-month change: tripled from 8.00 pence
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