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RNS Number : 2198E

IntelliAM AI PLC

16 September 2024

 

16 September 2024 

 

IntelliAM AI plc

("IntelliAM" or the "Company")

 

Consulting and Project Services Orders from Hovis Limited ("Hovis")

 

IntelliAM AI plc (AQSE: INT),a leading provider of software that leverages the power of AI and machine learning to revolutionize the manufacturing industry, announces it has won contracts with Hovis for its consultancy reliability services.  This includes contracts for 3 large Hovis sites in East London, Nottingham and Glasgow, and project services for all Hovis manufacturing sites.  The services will be linked to the IntelliAM AI platform to support reliability and stability in the operation.  These service and project orders will be worth in excess of £100,000 over a 12-month period, starting next month.

 Hovis is part of the private equity firm Endless LLP.

 About IntelliAM AI plc:

IntelliAM AI plc specializes in developing AI-powered software solutions for the manufacturing industry. The IntelliAM platform harnesses the power of machine learning to optimize industrial asset management, improve productivity, and reduce operational costs. For more information, visit www.intelliam.com.

Enquiries:
IntelliAM AI plc Tom Clayton, Chief Executive Officer Daud Khan, Chief Financial Officer	+44 114 299 5007
Oberon Capital – AQSE Corporate Adviser and Broker Adam Pollock Mike Seabrook Jessica Cave	+44 203 179 5300
Square1 Consulting – Financial PR David Bick	+44 207 929 5599 +44 7831 381201

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 7913C

Intuitive Investments Group plc

04 September 2024

 

4 September 2024

Intuitive Investments Group plc

("IIG" or the "Company")

                                                                         Hui10 Contract Win with Alibaba                                                                  

Alibaba's three million food delivery riders able to exchange their reward points for lottery tickets

Intuitive Investments Group plc (SFS: IIG), the closed-end investment company focussed on fast growing and high potential opportunities in the technology and life sciences sectors, is pleased to announce Hui10's new contract with Alibaba's "ErLeMa" (Are You Hungry) food delivery service.

The new points exchange for lottery tickets ("PELT") contract with Alibaba enables their three million delivery riders to redeem their Golden Coins for PELT QR code lottery coupons, for in-shop redemption for Sports Lottery play. The riders receive bonuses paid in digital reward points known as Golden Coins, based on customer reviews which in total amount to RMB3 billion (US$410 million) per year, with RMB5 billion (US$700 million) currently accrued, ready to redeem. Under this new agreement, delivery riders will now have access to Sports Lottery play through Hui10's PELT platform.

This contract marks a significant development in the roll-out of Hui10's PELT platform ahead of further opportunities currently in the pipeline, helping further advance Hui10's goal to transform Chinese lottery sector through its proprietary technology platform. 

-ENDS-

 

Enquiries:

Intuitive Investments Group plc	www.iigplc.com
Sir Nigel Rudd, Non-Executive Chairman Robert Naylor, CEO Giles Willits, CIO	Via FTI Consulting
Cavendish Capital Markets Limited James King / Daniel Balabanoff	+44 (0) 20 7397 8900
FTI Consulting	+44 (0) 20 3727 1000
Jamie Ricketts / Valerija Cymbal / Jemima Gurney	IIG@fticonsulting.com

Notes

About Intuitive Investments Group plc

IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast growing, high potential Technology and Life Sciences businesses operating predominantly in the UK, continental Europe, the US and APAC, utilising the Board's experience to seek to generate capital growth over the long term for shareholders.

 

About Hui10

Hui10 is a technology company with interests in two operating businesses, Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital transformation of the Chinese lottery. Huishi Dehua enables the market expansion of the Chinese lottery through its proprietary technology platform. Huishi Dehua is integrated into China's national card settlement system and payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky World is an ecommerce platform which provides China's existing lottery shops access to a wider fast-moving consumer goods product offering. Hui10 owns 60% of Lucky World.

About PELT

Hui10's PELT platform enables all UnionPay's 38 million member merchants, including banks, mobile phone network operators, insurance companies, utilities, travel companies, airlines, food chains and retailers operating loyalty programmes, to provide their customers with the ability to redeem their loyalty points for digital QR code vouchers for lottery play. The PELT platform is now fully functioning and available in all Sports Lottery shops in China, meaning users exchanging their loyalty points for digital QR code Sports Lottery vouchers can redeem them for lottery play at any one of the c. 175,000 Sports Lottery shops. PELT is a significant opportunity for new customer acquisition, allowing Hui10 to grow a substantial registered user base to which it can offer additional products and services.

Customers receive a direct message or see a banner or icon in their loyalty programme APP informing them that they can now redeem their loyalty points for lottery play by clicking on the PELT link. The PELT APP allows end users to redeem loyalty points for a digital coupon, which is stored in the user's account in the form of a QR code. The user can redeem the QR code in the nearest lottery shop, the location of which is also shown in the PELT APP.  Hui10 is currently signing up UnionPay business clients with a target to acquire 2 million registered PELT users by end 2024.  

About the Hui10 Proprietary Platform

The Chinese lottery is currently a paper tickets only operation being sold from lottery only shops, with limited distribution in relation to the size of the addressable market. Growth in the number of betting shops and lottery sales has now reached a plateau. To unlock the real potential size of China's lottery sector and increase its growth rate, a technological and application revolution is required. Hui10 is core to this transformation.

Hui10 is modernising China's lottery sales and distribution methodology through its proprietary fully integrated technology platforms.  Hui10 has key agreements with China UnionPay, which is the largest card organisation in the world, with over 9.6 billion payment cards issued, 2.5 billion active cards, over 450 million QuickPassPay APP users and 35 million POS terminals to allow. This includes Points Exchange for Lottery Tickets (PELT). Deployed nationally in all Sports Lottery shops, PELT is a proprietary software technology, integrated within the UnionPay QuickPassPay platform. QuickPassPay is a lifestyle platform and has a growing base of over 450 million registered users. The platform incorporates all mobile payments functions, a ticket booking platform, taxi, train, bus, tube, air travel booking, home utilities management and payments, food and beverage delivery, restaurants, online shopping and much more.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 7913C

Intuitive Investments Group plc

04 September 2024

 

4 September 2024

Intuitive Investments Group plc

("IIG" or the "Company")

                                                                         Hui10 Contract Win with Alibaba                                                                  

Alibaba's three million food delivery riders able to exchange their reward points for lottery tickets

Intuitive Investments Group plc (SFS: IIG), the closed-end investment company focussed on fast growing and high potential opportunities in the technology and life sciences sectors, is pleased to announce Hui10's new contract with Alibaba's "ErLeMa" (Are You Hungry) food delivery service.

The new points exchange for lottery tickets ("PELT") contract with Alibaba enables their three million delivery riders to redeem their Golden Coins for PELT QR code lottery coupons, for in-shop redemption for Sports Lottery play. The riders receive bonuses paid in digital reward points known as Golden Coins, based on customer reviews which in total amount to RMB3 billion (US$410 million) per year, with RMB5 billion (US$700 million) currently accrued, ready to redeem. Under this new agreement, delivery riders will now have access to Sports Lottery play through Hui10's PELT platform.

This contract marks a significant development in the roll-out of Hui10's PELT platform ahead of further opportunities currently in the pipeline, helping further advance Hui10's goal to transform Chinese lottery sector through its proprietary technology platform. 

-ENDS-

 

Enquiries:

Intuitive Investments Group plc	www.iigplc.com
Sir Nigel Rudd, Non-Executive Chairman Robert Naylor, CEO Giles Willits, CIO	Via FTI Consulting
Cavendish Capital Markets Limited James King / Daniel Balabanoff	+44 (0) 20 7397 8900
FTI Consulting	+44 (0) 20 3727 1000
Jamie Ricketts / Valerija Cymbal / Jemima Gurney	IIG@fticonsulting.com

Notes

About Intuitive Investments Group plc

IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast growing, high potential Technology and Life Sciences businesses operating predominantly in the UK, continental Europe, the US and APAC, utilising the Board's experience to seek to generate capital growth over the long term for shareholders.

 

About Hui10

Hui10 is a technology company with interests in two operating businesses, Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital transformation of the Chinese lottery. Huishi Dehua enables the market expansion of the Chinese lottery through its proprietary technology platform. Huishi Dehua is integrated into China's national card settlement system and payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky World is an ecommerce platform which provides China's existing lottery shops access to a wider fast-moving consumer goods product offering. Hui10 owns 60% of Lucky World.

About PELT

Hui10's PELT platform enables all UnionPay's 38 million member merchants, including banks, mobile phone network operators, insurance companies, utilities, travel companies, airlines, food chains and retailers operating loyalty programmes, to provide their customers with the ability to redeem their loyalty points for digital QR code vouchers for lottery play. The PELT platform is now fully functioning and available in all Sports Lottery shops in China, meaning users exchanging their loyalty points for digital QR code Sports Lottery vouchers can redeem them for lottery play at any one of the c. 175,000 Sports Lottery shops. PELT is a significant opportunity for new customer acquisition, allowing Hui10 to grow a substantial registered user base to which it can offer additional products and services.

Customers receive a direct message or see a banner or icon in their loyalty programme APP informing them that they can now redeem their loyalty points for lottery play by clicking on the PELT link. The PELT APP allows end users to redeem loyalty points for a digital coupon, which is stored in the user's account in the form of a QR code. The user can redeem the QR code in the nearest lottery shop, the location of which is also shown in the PELT APP.  Hui10 is currently signing up UnionPay business clients with a target to acquire 2 million registered PELT users by end 2024.  

About the Hui10 Proprietary Platform

The Chinese lottery is currently a paper tickets only operation being sold from lottery only shops, with limited distribution in relation to the size of the addressable market. Growth in the number of betting shops and lottery sales has now reached a plateau. To unlock the real potential size of China's lottery sector and increase its growth rate, a technological and application revolution is required. Hui10 is core to this transformation.

Hui10 is modernising China's lottery sales and distribution methodology through its proprietary fully integrated technology platforms.  Hui10 has key agreements with China UnionPay, which is the largest card organisation in the world, with over 9.6 billion payment cards issued, 2.5 billion active cards, over 450 million QuickPassPay APP users and 35 million POS terminals to allow. This includes Points Exchange for Lottery Tickets (PELT). Deployed nationally in all Sports Lottery shops, PELT is a proprietary software technology, integrated within the UnionPay QuickPassPay platform. QuickPassPay is a lifestyle platform and has a growing base of over 450 million registered users. The platform incorporates all mobile payments functions, a ticket booking platform, taxi, train, bus, tube, air travel booking, home utilities management and payments, food and beverage delivery, restaurants, online shopping and much more.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 5782C

Ondo InsurTech PLC

03 September 2024

 

 

3 September 2024

 

Ondo InsurTech Plc

("Ondo" or the "Company")

 

Contract with NFU Mutual

NFU to roll out 17,000 LeakBots by January 2025

 

Ondo Insurtech (LSE: ONDO),a leading company in claims prevention technology for home insurers, is pleased to announce that it has yesterday signed a contract with National Farmers Union Mutual ("NFU Mutual") to introduce LeakBot to their members.

 

Under the terms of the Contract, NFU Mutual will deploy LeakBots from October 2024, with a planned roll out of 17,000 units to be deployed by January 2025. Subject to the success of this initial roll-out NFU Mutual intends that LeakBot will then be rolled out across its members.

 

NFU Mutual is a member owned insurer, with over 900,000 customers, one of the top ten largest general insurance companies in the UK. LeakBot has been selected to provide a solution for reducing household water damage claims, whilst providing a quality service to their customers.

 

Craig Foster, Ondo CEO, says:

"This agreement with NFU Mutual demonstrates the impact of LeakBot's reputation for delivering on our commitment to reduce escape of water claims and for providing a quality service for our customers.   We look forward to working with NFU Mutual to help reduce their claims costs whilst improving customer experience and loyalty."

 

Phil Cooper, Propositions Manager at NFU Mutual,said:

"As a mutual insurer, we try to go beyond simply offering an excellent service at point of claim. This means supporting our customers to reduce risk, effectively protecting their property and preventing them from having to claim.

 

"Escape of water is one of the most damaging and disrupting things that can happen to a homeowner, causing devastating damage with little warning.

 

"We believe this partnership with LeakBot will help us support our customers by providing an effective early warning system for escape of water before it develops into a serious issue and look forward to seeing the positive impact this has for our members."

 

Enquiries

 

For further information, please visit www.ondoplc.com  or contact the following:

 

 

Ondo InsurTech Plc	Craig Foster, CEO Kevin Withington, CFO	+44 (0) 800 783 9866
Dowgate Capital Ltd (Broker & Financial Advisor)	Russell Cook Nick Chambers Charlie Hall	+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 engineers 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 19 insurance carriers – including Nationwide, 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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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Neville Registrars are delighted to welcome BrandShield System Limited as the newest addition to its list of client companies.

BrandShield is a brand-oriented digital risk protection company, that specializes in monitoring, detection, and removal of digital threats such as phishing attempts, executive impersonation, counterfeit products, trademark infringements, and more.

Further information can be found on the Company's website: https://www.brandshield.com/ 

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Neville Registrars are delighted to welcome 350 PPM Ltd as the newest addition to its list of client companies.

350 PPM Ltd's vision is to assist, by all capitalist means, in the reduction of CO2 in the atmosphere to 350 parts per million (350 PPM) and to reduce CO2e (carbon dioxide equivalents) to the same levels.

Their mission is to incubate and accelerate topflight early-stage environmental businesses to attract institutional funding for them within 24 months of our involvement.

Further information can be found on the Company’s website: https://www.350ppm.co.uk/

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RNS Number : 4469Z

IntelliAM AI PLC

07 August 2024

 

7 August 2024 

IntelliAM AI plc

("IntelliAM" or the "Company")

 

IntelliAM AI secures contract extension with global leader in beverage alcohol

 

IntelliAM AI plc (AQSE: INT), a leading provider of software that leverages the power of AI and machine learning to revolutionize the manufacturing industry, announces a significant extension to an existing agreement with  a global leader in beverage alcohol ("the Customer") through its consulting division.

Growing the existing relationship from a few sites, under the terms of the extended agreement, IntelliAM will provide its cutting-edge industrial asset management services across more than 35 maltings sites in the UK. The extended contract is valued at a minimum of £100,000 per annum over the next two years, reflecting the ongoing commitment to enhance reliability and operational efficiency through advanced data driven and asset care solutions. The contract extension makes the Customer one of the consulting division's top customers by revenue.

Tom Clayton, CEO of IntelliAM AI plc, commented: "We are thrilled to extend our services across multiple UK sites for this client. This partnership is a testament to the value that our asset management services bring to our customers. Our consulting division is dedicated to delivering enhanced operational and maintenance efficiency and we look forward to driving improvements for this client. As one of our largest consulting customers, we look forward to introducing them to the benefits our machine learning offerings."

About IntelliAM AI plc:

IntelliAM AI plc specializes in developing AI-powered software solutions for the manufacturing industry. Our platform harnesses the power of machine learning to optimize industrial asset management, improve productivity, and reduce operational costs. For more information, visit www.intelliam.com.

Enquiries:
IntelliAM AI plc Tom Clayton, Chief Executive Officer Daud Khan, Chief Financial Officer	+44 114 299 5007
Oberon Capital – AQSE Corporate Adviser and Broker               Adam Pollock Mike Seabrook Jessica Cave	+44 203 179 5300
Square1 Consulting – Financial PR David Bick	+44 207 929 5599 +44 7831 381201

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 7518Y

Smarttech247 Group PLC

01 August 2024

 

Reach Announcement

1 August2024

Smarttech247 Group PLC

 

("Smarttech247", the "Group" or the "Company")

 

Smarttech247 Signs Three-Year Contract

 

Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, is pleased to announce that it has signed a three-year contract, worth €860,000, with an Irish public sector agency, with the potential to extend the contract for a further two years.

 

As a local government authority in Ireland, Smarttech247's newest client functions as a public sector agency responsible for the administration and governance of one of Ireland's significant regions.As a public sector entity, it plays a role in implementing local policies, managing public resources, and ensuring the welfare of the residents within its jurisdiction, meaning it's crucial it has access to comprehensive cybersecurity protection.

 

Smarttech247 will provide the agency with a range of security solutions including access to Smarttech247's 24/7 security operations centre, incident response drills that are designed to test and improve an organisation's response to cybersecurity incidents, and conducting external vulnerability tests, all while assisting in implementing new projects and initiatives securely.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"We are thrilled to partner with a public sector agency to enhance their cybersecurity defences. Recognising the critical importance of robust cybersecurity for public sector agencies, we are committed to helping them safeguard its essential services and valuable data. Our comprehensive suite of security activities, such as penetration testing and governance, risk, and compliance audits, will ensure the agency is well-protected and capable of combating a wide range of security threats."

 

-Ends –

 

 

For further information please contact:

 

Smarttech247 Group PLC	Tel: +353 21 206 6033
Ronan Murphy, Executive Chairman Raluca Saceanu, Chief Executive Officer Nicholas Lee, Finance Director
SPARK Advisory Partners Limited – Nominated Adviser	Tel: + 44 (0) 20 3368 3550
Mark Brady / Adam Dawes
Shard Capital – Joint Broker	Tel: +44 (0) 20 7186 9900
Damon Heath
Fortified Securities – Joint Broker	Tel: +44 7493 989014
Guy Wheatley, CFA
Yellow Jersey PR Charles Goodwin / Annabelle Wills / Bessie Elliot	Tel: +44 (0) 20 3004 9512

 

About Reach announcements

 

Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only/non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.

 

About Smarttech247

 

Smarttech247 is a multi-award winning automated MDR (Managed Detection & Response) company. Its platform is trusted by international organisations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response.

 

The Group's services are geared towards proactive prevention, and it achieves this by utilising the latest technologies, along with an experienced incident response team. In recognition of its innovative technology, Smarttech247 was named by Chambers Ireland InBusiness Recognition Awards as Cyber Security Company of the Year 2023.

 

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to trading on the London Stock Exchange on 15 December 2022.

 

For further information please visitwww.smarttech247.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 2925Y

Ondo InsurTech PLC

30 July 2024

 

30 July 2024

 

Ondo InsurTech Plc

("Ondo" or the "Company")

 

US Contract Win

 

New contract win with $2bn U.S. super-regional insurer
 launching LeakBot in New Jersey

 

 

Ondo Insurtech (LSE: ONDO),a leading company in claims prevention technology for home insurers, is pleased to announce that it has signed a contract with a U.S. super regional personal lines insurer that manages over $2.0bn of personal lines home, motor and umbrella insurance policies.

 

The new insurance partner will start to deploy LeakBot to their customers based in New Jersey beginning in Q3 2024, offering the LeakBot sensor and repair service free of charge to their customers.

 

This is the second insurer to launch LeakBot in New Jersey, and the fifth U.S. insurance company to adopt LeakBot within the last 12 months.

 

Craig Foster, Ondo CEO, says: "We are thrilled to partner another well-respected U.S. insurance brand and look forward to doing a great job for their homeowners starting in New Jersey where we are already fully operational."

 

Enquiries

 

For further information, please visit www.ondoplc.com  or contact the following:

 

Ondo InsurTech Plc	Craig Foster, CEO Kevin Withington, CFO	+44 (0) 800 783 9866
Dowgate Capital Ltd (Broker & Financial Advisor)	Russell Cook Nick Chambers Charlie Hall	+44 (0) 20 3903 7715
Cassiopeia Services Ltd (PR & Investor Relations)	Stefania Barbaglio	+44 (0) 7949 690338

 

 

About Ondo InsurTech PLC

 

Ondo InsurTech Plc 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 engineers to 'find and fix' the problem. Independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by 70%.

 

LeakBot partners with 18 insurance carriers – including Nationwide, 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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 0858X

Shearwater Group PLC

19 July 2024

 

19 July 2024

 

Shearwater Group PLC

 

("Shearwater", or the "Group")

 

Contract Win and Notice of Results

 

Brookcourt Solutions signs three-year deal worth $4.8 million

 

Shearwater Group plc, the cybersecurity, advisory and managed security services group, is pleased to announce that its group company, Brookcourt Solutions ("Brookcourt") has secured a significant three-year contract with a leading British telecommunications company,worth $4.8 million.

 

Under the terms of the contract, Brookcourt will providean upgraded Security Operations solution for the longstanding client that provides mobile, fixed telephone, television and internet services in the UK. This contract will improve the organisation's overall security posture and help to mitigate risks, as well as detect security and compliance violations across the client's large network.

 

 

Notice of Results and online investor presentation

 

The Company announcesthat it expects to publish its final results for the year ended 31 March 2024 on Wednesday 24 July 2024.

 

Shearwater Group's Chief Executive Officer, Phil Higgins, and Adam Hurst, Interim Chief Financial Officer, will provide an investor presentation relating to the results via the Investor Meet Company platform on Wednesday 24 July 2024 at 10:00 BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 23 July 2024 at 09:00 BST, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Shearwater Group PLC via:https://www.investormeetcompany.com/shearwater-group-plc/register-investor

 

Phil Higgins, CEO of Shearwater, commented:"We are delighted to continue our partnership with one of the UK's largest Mobile and Telecommunication Operators, forming an integral part of their security programme. This new win exemplifies our ongoing commitment to helping our customers better understand, manage, and reduce their security risks. We are encouraged by the increased visibility of larger sales opportunities, and we remain focused on the conversion of our pipeline."

 

 

 

Enquiries:

Shearwater Group plc David Williams, Chairman Phil Higgins, CEO Adam Hurst, Interim CFO	www.shearwatergroup.com c/o Alma
Cavendish Securities plc– NOMAD Adrian Hadden / Ben Jeynes / Fergus Sullivan – Corporate Finance Henry Nicol / Dale Bellis / Michael Johnson – Sales	+44 (0) 20 7397 8900
Alma Justine James / Joe Pederzolli / Emma Thompson	shearwater@almastrategic.com +44 (0) 20 3405 0205

 

About Shearwater Group plc

 

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

 

The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

 

The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.

 

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG".  For more information, please visit www.shearwatergroup.com.

 

 

 

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