- Water Intelligence said it had launched of a new business-to-business program in the US that built upon its national insurance channel.

The company's American Leak Detection brand would work with the risk management division of a Fortune 500 home solutions company.

The pair would provide minimally invasive 'cause and origin' assessments of water damage arising out of the purchase of home products.

'We appreciate the opportunity to extend our insurance channel structure to adjacent opportunities,' executive chairman Patrick DeSouza said.

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

'We are leveraging our 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.'

At 9:19am: [LON:WATR] Water Intelligence PLC share price was +10p at 347.5p

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