Water Intelligence PLC Proprietary Sewer Diagnostic Products and Covid-19 (4625H)
March 25 2020 - 3:00AM
UK Regulatory
TIDMWATR
RNS Number : 4625H
Water Intelligence PLC
25 March 2020
Water Intelligence plc
Proprietary Sewer Diagnostic Products and Covid-19
Water Intelligence plc (AIM: WATR.L) ("Water Intelligence"), a
leading multinational provider of precision, minimally-invasive
leak detection and remediation solutions for both potable and
non-potable water, announces that to meet market demand, Water
Intelligence will accelerate its Go-to-Market Plan with insurance
company customers for its family of residential and municipal sewer
diagnostic products in order to alleviate secondary problems
emerging from Covid-19 public health crisis.
The principal operating business of Water Intelligence -
American Leak Detection ("ALD") - is continuing to operate
throughout the US in order to deliver "essential services" during
this time of unprecedented home usage as our customers "shelter in
place". In providing essential services to address water and
wastewater problems, ALD is operating in line with policies to
serve the public good during the crisis.
As announced in its 2019 Trading Update, Water Intelligence has
been investing in a family of proprietary acoustic products to
diagnose sewer and wastewater problems. The products identify and
analyse blockages much faster than conventional methods which are
typically manual. As a result of Covid-19 and shelter in place
policies, there has been a spike across the United States and the
UK in sewer-related problems as aging residential wastewater pipes
are getting clogged from disinfecting wipes and paper towels as
homeowners try to stay safe from Covid-19. Such clogs are producing
second order public health problems.
Water Intelligence's strong balance sheet enables it to work
with its national insurance company partners to accelerate the
delivery of its family of products and solutions for sewer and
wastewater issues.
Executive Chairman, Dr. Patrick DeSouza remarked:
"We look forward to contributing solutions to the collateral
public health issues arising from the Covid-19 crisis, such as
sewer backup and wastewater overflow. Because of our residential
and municipal services footprint in 46 states of the U.S., UK,
Canada and Australia, we can make a difference with our new
technologies for minimally invasive sewer diagnostics.
Of note, March 22(nd) was the UN's World Water Day. While our
company's mission has largely been focused on the conservation of
clean water through minimally invasive leak detection, we are
increasingly and painfully aware of the strong global demand for
solving wastewater-related infrastructure problems. We appreciate
UNICEF's leadership regarding a broader mandate to "WASH" - Water,
Sanitation and Hygiene. With our new product line, we are
well-positioned to provide solutions both for potable and
non-potable water problems and to expand our mission from advancing
water conservation to also advancing public health."
Enquiries:
Water Intelligence plc
Patrick DeSouza, Executive Tel: +1 203 654 5426
Chairman
Adrian Hargrave, VP
Corporate Development + 44 (0) 7775 701 838
WH Ireland Limited - Tel: +44 (0) 207 220
NOMAD & Broker 1666
Adrian Hadden
James Sinclair-Ford
Matthew Chan
Dowgate Capital - Joint Tel: +44 (0)20 3903
Broker 772
Stephen Norcross
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END
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