Water Intelligence PLC Home Builder National Account Win (1755O)
06 Octobre 2021 - 8:00AM
UK Regulatory
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
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.
END
MSCUNAVRAUURRRA
(END) Dow Jones Newswires
October 06, 2021 02:00 ET (06:00 GMT)
Water Intelligence (LSE:WATR)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Water Intelligence (LSE:WATR)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024