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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Water Intelligence Plc | LSE:WATR | London | Ordinary Share | GB00BZ973D04 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 327.50 | 320.00 | 335.00 | 327.50 | 327.50 | 327.50 | 5,142 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Cmp Processing,data Prep Svc | 71.33M | 3.67M | 0.2112 | 15.51 | 56.85M |
TIDMWATR
RNS Number : 1755O
Water Intelligence PLC
06 October 2021
Water Intelligence plc
Home Builder National Account Win
Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Company"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce the launch of a new national account channel for its American Leak Detection (ALD) subsidiary. ALD will be leveraging both its platform of more than 150 locations across 46 states of the United States and its standardized workflow across its operating geographies to provide water and wastewater solutions for a leading home builder in the Midwest United States.
To date, the Group has focused on developing a national account channel for the insurance market. It has also won channel accounts for the property management market. With today's win, ALD will be entering a new complementary channel, working with a leading home builder in the Midwest on new construction projects. ALD will first install and then test water and sewer lines for leaks using ALD's proprietary technology. The commercial relationship is expected to increase Group sales over the next 12 months by $1 million or more. ALD expects the relationship to continue to grow over time as market demand for new homes outside of urban areas increases following COVID-19.
Executive Chairman, Dr. Patrick DeSouza commented: "The Group's precision leak detection and minimally invasive repair solutions are in high demand as both the price of water goes up and wastewater management regulation increases. Such regulatory trends are now translating into requirements for home builders with respect to sustainable design and deployment of water and sewer lines.
Over the last five years, we have built a national account channel with insurance companies and established a track record that emphasizes: minimally invasive technology solutions; automated delivery anywhere, anytime across the US via our Salesforce implementation; standardized workflow; and data security. We look forward to increasing our national accounts with home builders, leveraging the same process that we have developed with national and regional insurance companies."
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014
Enquiries :
Water Intelligence plc Patrick DeSouza, Executive Chairman Tel: +1 203 654 5426 RBC Capital Markets - Joint Broker Jill Li, Elizabeth Evans Tel: +44 (0)20 7653 4000 WH Ireland Limited - NOMAD & Broker Tel: +44 (0)207 220 1666 Adrian Hadden, Ben Good Dowgate Capital Ltd - Broker Stephen Norcross Tel: +44 (0)7920 599 793
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October 06, 2021 02:00 ET (06:00 GMT)
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