ONDO Ondo Insurtech Plc

13 February 2025

Ondo InsurTech Plc

("Ondo" or the "Company")

Liberty Mutual Insurance to Pilot LeakBot in the United States

Ondo Insurtech PLC (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to confirm that Liberty Mutual Insurance, the 6^th largest personal lines P&C insurer in the US, has signed a contract with LeakBot USA Inc. to pilot the LeakBot device and service to homeowners' insurance customers in four US states.

Consistent with the Company's other commercial contracts, the agreement involves upfront payments ahead of anticipated shipments. 

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

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, technology that prevents water damage claims in homes. Water damage is the single biggest cause of home insurance claims, accounting for $17 billion annually in the USA and UK combined. LeakBot is a patented, self-install solution that connects to a home's wireless network and alerts the homeowner via the LeakBot mobile app if a leak is detected, offering access to a team of expert engineers to locate and fix the issue.

Ondo partners with 23 insurance carriers, including Nationwide, Admiral, Direct Line Group, Hiscox, Länsförsäkringar, and TopDanmark, across Europe and the USA.

Ondo holds the London Stock Exchange Green Economy Mark, awarded to companies deriving the majority of their income from green activities.

For more information, visit www.ondoplc.com