This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.
24 November 2025
Ondo InsurTech Plc
("Ondo" or "the Company")
Expansion of Nationwide Contract
Nationwide extends LeakBot roll-out with the solution
now available to Nationwide customers across 26 US states
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.
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."
Enquiries
For further information, please visit www.ondoplc.com or contact:
| Ondo InsurTech Plc |
Craig Foster, CEO Kevin Withington, CFO |
+44 (0) 800 783 9866 |
| Dowgate Capital Ltd (Broker & Financial Advisor) |
Russell Cook Charlie Hall Amber Higgs |
+44 (0) 20 3903 7715
|
| Cassiopeia Services Ltd (PR & Investor Relations) |
Stefania Barbaglio |
+44 (0) 7949 690338
|
About Ondo InsurTech PLC
Ondo is a world leading provider of claims prevention technology for home insurers. Ondo's focus is on the global scale-up of LeakBot - claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot plumbers to 'find and fix' the problem. Independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by up to 70%.
LeakBot partners with 26 insurance carriers - including Nationwide, Liberty Mutual, Admiral, Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark - both in Europe and the USA.
Ondo holds the coveted London Stock Exchange Green Economy Mark awarded to companies who derive the majority of their income from Green activities.
For more information, visit www.ondoplc.com