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Claims prevention technology firm Ondo has announced it will increase production capacity at its UK manufacturing facility.

This is a result of increasing demand for LeakBot across the insurtech’s key markets but the US in particular.

Ondo has agreed to make further capital investment in a second dedicated production line at its manufacturing partner, Asteelflash in Bedford, England.

This investment will increase the current production capacity at the Ondo facility from 10,000 to 40,000 units per month.

In addition, Ondo is in discussions with a number of large US insurance companies regarding new contract opportunities and significant expansions of existing partnerships. These negotiations are now at an advanced stage and the Company anticipates that further details will be announced shortly.

Craig Foster, Ondo CEO, said: “It is great news that the UK facility will now be able to meet a significant increase in demand. Coming announcements about our partner-led US expansion will clearly demonstrate why now is the right time add the second production line at Asteelflash.”

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In September 2024, Ondo signed a deal with NFU Mutual to bring LeakBot to its members.

Under the terms of the contract, NFU Mutual will deploy LeakBots from October 2024, with a planned roll out of 17,000 units to be deployed by January 2025.

In addition, subject to the success of this initial roll-out, NFU Mutual intends that LeakBot will then be rolled out across its members.

NFU Mutual is a member owned insurer, with over 900,000 customers, one of the top ten largest general insurance companies in the UK. LeakBot has been selected to provide a solution for reducing household water damage claims, whilst providing a quality service to their customers.