Water Intelligence to work with 'major' US home solutions company

The AIM-traded firm said its American Leak Detection (ALD) brand would be working with the risk management division of an unnamed Fortune 500 home solutions company, to provide “minimally invasive cause and origin” assessment of water damage arising out of the purchase of home products.

It said the programme was modeled on ALD's successful national insurance channel, which seeked to provide insurance companies and their adjusters with a trusted partner across the United States to pinpoint water leaks and minimise collateral damage claims from residences and businesses.

The launch would extend the same assistance to the major home solutions provider and its customers, Water Intelligence said.

Because of ALD's corporate and franchise locations across the US, it was well-positioned to provide such trusted business-to-business support in a timely fashion to minimise water-related damage, the board explained.

“We appreciate the opportunity to extend our insurance channel structure to adjacent opportunities,” said Water Intelligence executive chairman Patrick DeSouza.

“Collateral issues arising from water leaks adversely affect various businesses along the water value chain beyond just insurance companies.”

DeSouza said the company was leveraging its national reputation and “significant” installed base of technicians and operations to assist a major company.

“We are delighted to have this opportunity to work with an industry leader in home solutions and we believe that this will be just the beginning of a robust relationship.”