Water Intelligence PLC Extension of National Insurance Channel Launched (5400C)
18 June 2019 - 4:00PM
UK Regulatory
TIDMWATR
RNS Number : 5400C
Water Intelligence PLC
18 June 2019
Water Intelligence plc (the "Company")
Extension of National Insurance Channel Launched
Water Intelligence plc announces the launch of a new
business-to-business program that builds upon its fast-growing
national insurance channel. The Company's American Leak Detection
brand ("ALD") will be working with the risk management division of
a Fortune 500 home solutions company to provide minimally invasive
"cause and origin" assessment of water damage arising out of the
purchase of home products.
The program is modeled on ALD's successful national insurance
channel which seeks to provide insurance companies and their
adjusters with a trusted partner across the United States to
pinpoint water leaks and minimize collateral damage claims from
residences and businesses. Today's launch will extend the same
assistance to a major home solutions provider and its customers.
Because of ALD's corporate and franchise locations across the
United States, it is well-positioned to provide such trusted
business-to-business support in timely fashion to minimize
water-related damage.
Executive Chairman, Patrick DeSouza commented: "We appreciate
the opportunity to extend our insurance channel structure to
adjacent opportunities. Collateral issues arising from water leaks
adversely affect various businesses along the water value chain
beyond just insurance companies. We are leveraging our national
reputation and significant installed base of technicians and
operations to assist a major company. We are delighted to have this
opportunity to work with an industry leader in home solutions and
we believe that this will be just the beginning of a robust
relationship."
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Enquiries:
Water Intelligence plc
Patrick DeSouza, Executive Chairman Tel: +1 203 654 5426
Adrian Hargrave, VP, Corporate Development Tel: +44 (0)7775 701
838
WH Ireland Limited - NOMAD and Broker Tel: +44 (0)20 7220 1666
Adrian Hadden
James Sinclair-Ford
Matthew Chan
IFC Advisory Limited Tel: +44(0)20 3934 6630
Graham Herring
Miles Nolan
Zach Cohen
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END
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