Ondo InsurTech Boosts LeakBot Production to Meet Rising U.S. Demand Amid Expanding Partnerships

Proactive - Interviews for investors

Ondo InsurTech PLC CEO Craig Foster joined Steve Darling from Proactive to share news the company has has ramped up production capacity for its LeakBot devices at its UK contract manufacturing facility in response to surging demand, especially in the U.S. market. LeakBot, the company’s signature claims-prevention technology for home insurers, addresses water damage claims by detecting and preventing leaks before they escalate. Foster shared with Proactive that Ondo is in advanced discussions with several major U.S. insurance companies regarding new contracts and significant expansions of current partnerships, with further updates expected soon. To support this demand, Ondo is investing in a second dedicated production line at its manufacturing partner, Asteelflash, in Bedford, England, quadrupling its output capacity from 10,000 to 40,000 units per month. This expansion is expected to align production with the anticipated rise in demand from the U.S. #proactiveinvestors #ondoinsurtechplc #lse #ondo #LeakBot #InsurTech #WaterDamagePrevention #USInsuranceMarket #CraigFoster #HomeInsuranceTech #ProactiveInterviews#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews