Source - Alliance News

Ondo InsurTech PLC - London-based company focused on claims prevention technology for home insurers - Wins a deal with Mutual of Enumclaw to distribute its LeakBot system to homeowner insurance customers in Washington State. Says Mutual of Enumclaw will deliver 10,000 devices for installation in its customers’ homes. Says units are expected to be installed in the six months starting from August.

Mutual of Enumclaw is a Washington State-based insurance company.

Ondo InsurTech Chief Executive Officer Craig Foster said: ‘We are very pleased to announce this new agreement today, which represents another important step on our path to build a strong presence in the United States.’

Current stock price: 22.40 pence, up 5.2%

12-month change: up from 7.50p

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