Business
Water Intelligence International Wins
Water Intelligence International Wins.
About this update from Water Intelligence Plc
[{"type":"text","content":"\n \nRNS Number : 0205X Water Intelligence PLC 25 April 2019 \n\n \nWater Intelligence plc (the \"Group\")\n \nWater Intelligence International Wins\n \nWater Intelligence plc (AIM: WATR.L), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce a series of business development launches for Q2 by UK-based Water Intelligence International Limited (WII) - the Group's subsidiary focused on municipal solutions. These wins - in the US and Canada - point to a strong first half of 2019 and beyond for WII. The wins underscore the growth synergies from cross-selling solutions with American Leak Detection (ALD) - the Group's core subsidiary focused on water leak solutions for residential and business-to-business customers such as insurance companies. These results are firmly in line with the Group's stated strategy to layer-in a municipal business line in the US, which had previously been passed on by ALD. The transactions add to the 2019 growth trajectory advanced by the Group's strong first quarter as discussed in previous releases.\nWII Objectives. In Q4 2016 the Group acquired UK-based WII to complement US-headquartered ALD and offer municipal solutions in order to capture a share of the anticipated rise in infrastructure spending worldwide. The Group envisioned WII would directly acquire utility customers in the UK and EU and cross-sell its solutions in the US and other countries leveraging the substantial market presence and reputation of ALD. As indicated in our 2018 Trading Update and as will be evidenced in the Group's upcoming release of its audited 2018 Accounts, WII has exceeded the Group's sales expectations, including leading the way in the development of new proprietary technology for sewer diagnostics. Importantly, WII has also helped drive the growth of the Group's Sydney corporate location, which was reacquired in 2016 from a former ALD franchisee, through previously announced wins at Sydney Water and Hunter Water. \nNew WII Wins. The Group is pleased to announce that five contracts in the US and Canada worth at least $300,000 will be started between April 29 and June 11. These contracts leverage ALD market presence and will be execute...