Ondo InsurTech Plc (LSE:ONDO) is broadening its collaboration with Nationwide, extending the rollout of its LeakBot technology to a total of 26 U.S. states. The expansion builds on earlier deployments across 16 states, where LeakBot demonstrated strong effectiveness in reducing water damage incidents while maintaining high levels of customer satisfaction. The move further embeds LeakBot within Nationwide’s smart home ecosystem, offering homeowners more comprehensive protection against costly water-related losses.
Ondo’s broader outlook continues to be shaped by financial pressures, including persistent losses and elevated leverage. While technical signals point to a largely neutral trend, valuation metrics underscore the company’s ongoing financial hurdles.
More about Ondo InsurTech Plc
Ondo InsurTech Plc specializes in claims-prevention solutions for the home insurance sector, anchored by its patented LeakBot device—a self-install sensor designed to detect hidden water leaks before they escalate. The company works with 26 insurance partners across the U.S. and Europe and has been awarded the London Stock Exchange Green Economy Mark for its environmental contribution.
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