U.S. Contract Win

Ondo InsurTech PLC

12 February 2026

 

12 February 2026

Ondo InsurTech Plc ("Ondo" or "the Company")

U.S. Contract Win

Co-operative Insurance the First LeakBot Customer Signed via vipHomeLink Partnership

Ondo InsurTech Plc (LSE: ONDO), a leading provider of claims prevention technology for home insurers, is pleased to announce that it has signed its first joint insurance customer via its strategic partnership with vipHomeLink Holdings, Inc ("vipHomeLink")

The new insurance partner, The Co-operative Insurance Companies ("Co-operative") will launch the LeakBot water loss prevention program to their insured homeowners across Vermont and New Hampshire, with implementation currently underway. Through our close partnership with vipHomeLink, all co-branded marketing materials are being developed, and systems integration is progressing in preparation for an April launch.

This agreement represents the first commercial outcome from Ondo's partnership with vipHomeLink, announced previously, and marks an important step in executing the Company's U.S. go-to-market strategy. The partnership is designed to enable Ondo to work with a wide range of regional and specialist insurers that are already active in Ondo's target states, helping to rapidly build market density and expand LeakBot adoption alongside established local distribution partners.

Ondo believes this channel provides an efficient route to onboarding multiple insurers in parallel, complementing its direct relationships with larger national carriers, and expects this to be the first of several launches delivered through the vipHomeLink partnership.

Craig Foster, CEO of Ondo InsurTech Plc, said:

"This is an important milestone for our U.S. strategy and a strong validation of the partnership model we are building with vipHomeLink. Working with experienced local platforms allows us to bring LeakBot to market faster, with insurers that already have a well established presence in our target states. I'd like to thank Geoff Martin, CEO, and the team at vipHomeLink for their collaboration and welcome Co-operative as the first insurer to launch a LeakBot prevention program through this channel. We see significant potential for further agreements to follow."

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Enquiries

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

Ondo InsurTech Plc	Craig Foster, CEO  Kevin Withington, CFO	[phone]
Singer Capital Markets (Joint Broker)	Charles Leigh-Pemberton Asha Chotai James Todd	[phone] www.singercm.com
Cassiopeia Services Ltd (PR & Investor Relations)	Stefania Barbaglio	[phone]

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 26 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

 

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