Business
New Products Update and Notice of Results
New Products Update and Notice of Results.
About this update from Water Intelligence Plc
[{"type":"text","content":"\n\n\nWater Intelligence plc \nUpdate on Commercialization of New Technology Products\nand\nNotice of Results\nWater 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. \nSuch 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.\nNew Technology Products\n· 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.\n· 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.\n· 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 pipelin...