Water Intelligence PLC New Products Update and Notice of Results
11 Setembro 2023 - 3:00AM
RNS Non-Regulatory
TIDMWATR
Water Intelligence PLC
11 September 2023
Water Intelligence plc
Update on Commercialization of New Technology Products
and
Notice of Results
Water Intelligence plc (AIM: WATR.L) (the "Group" or "Water
Intelligence"), a leading multinational provider of precision,
minimally-invasive leak detection and remediation solutions for
both potable and non-potable water, is pleased to announce that
four (4) technology products in which the Group has previously
invested are now gaining increased commercial traction.
Such traction reinforces Water Intelligence's 2024 sales plan
and the Group's business model as a "one stop shop" for a broad
range of customer solutions for both clean water and wastewater
infrastructure.
New Technology Products
-- IntelliDitch : IntelliDitch is a proprietary liner product
that slips over concrete or earthen channels used to convey water.
The product prevents water loss through leakage and enables much
more efficient movement of water in a channel. Use cases range from
irrigation to storm water run-off. After completing tooling in H1,
the Group launched its go to market phase by teaming up with a
major engineering company in the US to execute a project in
Colorado. The project has had an initial sale of over $0.1 million.
The product has a growing sales pipeline based on strong flow data
from its initial sale.
-- Pulse : Pulse is a proprietary tool based on acoustic
technology that pinpoints sewer line blockages much faster and more
accurately than conventional video camera technology. During Q2 and
Q3 "Municipal Pulse" (the municipal oriented version) has gained
traction with major UK water companies achieving over $0.5 million
in sales and a growing sales pipeline. The Group has also created a
residential version of Pulse and during Q2 and Q3, the Group
successfully commercially tested the product in the US with various
residential customers.
-- LS1 : "LS1" (to be branded during Q4) is an acoustic device
that enables rapid surveys of urban water and wastewater
infrastructure. The device has been designed to minimize the cost
of skilled labour for infrastructure surveys. LS1 is currently
being used at three different UK water utilities with initial sales
of over $0.1 million. LS1 has a growing sales pipeline based on
data from its initial sales.
-- CreatorSuite 2.0 : CreatorSuite is an AI video ecommerce tool
developed by the Group's affiliated entity - SEEEN plc.
CreatorSuite enables the Group to make video moments of its
products and services with "end-cards" that more efficiently
convert leads into purchases. The product has been tested in
various business-to-business channels with significant improvement
in lead conversion. Water Intelligence has an exclusive license to
the tool for the field of water and wastewater.
On Thursday, 14 September, the Group will be participating in a
technology day organized by SEEEN plc ( www.seeen.com /techday) to
demonstrate the use of SEEEN's video technology by its various
customers ranging from sports teams to advertising companies. As
part of Technology Day, there will be a demonstration of how
SEEEN's technology will be combined with the Group's Salesforce.com
customer management software for "one-click" purchasing of water
and wastewater -related products and services and "another click"
for scheduling of services or installation of products across the
United States.
Notice of Results . The Group will be releasing its interim
results on Tuesday, 19 September.
Commenting on the Group's New Technology Product Update,
Executive Chairman, Dr. Patrick DeSouza remarked:
" Our core business - American Leak Detection - is in a unique
strategic position to create a true distribution platform for
services and products. We have a sales footprint across the United
States with approximately $150 million of annual gross sales in the
US and growing, with national insurance channels and service calls
to over 200,000 homes each year.
Most importantly, we address the first question that homeowners
have along their customer journey to address all of their
respective water and wastewater infrastructure needs: 'Do I have a
leak and can you find it with minimal damage?' While on the job
site to solve this first question with our proprietary
minimally-invasive technology solutions, homeowners often ask our
technicians for additional technology solutions to remediate or
prevent other related water problems. To address these additional
customer needs, we have previously invested in the technology
products described today. The commercialisation results indicate
that they will add to our future growth. Moreover, with our video
ecommerce offering and Salesforce CRM software, we will also be
able to work with third-party product partners to help customers in
real-time while on the job site by offering more solutions, thus
enabling continuous customer engagement which increases the
lifetime value of each customer.
Given our initial success in terms of sales and the data showing
the value that these offerings bring, we will accelerate the
roll-out of these new offerings as part of our 2024 sales plan,
reinforcing our technology leadership for transforming the delivery
of water infrastructure solutions."
Enquiries:
Water Intelligence plc
Patrick DeSouza, Executive Chairman Tel: +1 203 654 5426
WH Ireland Limited - NOMAD & Joint Tel: +44 (0)20 7220 1666
Broker
Hugh Morgan
James Bavister
RBC Capital Markets - Joint Broker Tel: +44 (0)20 7653 4000
Rupert Walford
Elizabeth Evans
Daniel Saveski
Tel: +44 (0)20 3903 7715
Dowgate Capital Ltd - Joint Broker
Stephen Norcross
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