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Investegate announcements from Change of Nominated Adviser & Release of Q1 Update

Water Intelligence acquires two US assets; appoints chief people officer

27 April 2021 | 07:55am StockMarketWire.com - Leak detection technology group Water Intelligence said it had more than doubled its first-quarter profit on the back of a surge in sales. Pre-tax profit for the three months through March had risen to $1.66 million, up from $0.66 million year-on-year, as revenue rose 38% to $11.4 million. 'The group has had an outstanding first quarter; one that both accelerates a very strong set of 2020 trading results and builds upon the group's consistently strong compounded annual growth trajectory,' it said. Executive chairman Patrick DeSouza said market dem...

6 April 2021 | 09:40am StockMarketWire.com - Leak detection group Water Intelligence said it would accelerate its growth plan in the wake of the Biden administration's plan to invest $2 trillion in US infrastructure. The company noted that Biden's plan included investment of at least $110 billion for rebuilding water infrastructure. 'As a result of this anticipated increase in demand for the group's water infrastructure solutions, the group will be accelerating its strategic growth plan announced in February's 2020 trading update,' Water Intelligence said. The company also said it would be re...

1 March 2021 | 09:29am StockMarketWire.com - Leak detection group Water Intelligence said it had secured two contracts in the insurance sector. The company had signed and launched another national contract between its American Leak Detection subsidiary and a 'leading' insurance company in the US. It also had broadened an existing national account, both to add repair solutions and to create a multi-year framework. 'Water-related claims are one of the largest sources of claims for the insurance market in the US,' Water Intelligence said. 'Accordingly, market demand for ALD's precision leak dete...