Ondo InsurTech PLC (LSE:ONDO), the creator of LeakBot, has been shortlisted for the Breakthrough of the Year award at the 2023 PLC Awards.
Established over 30 years ago, the award ceremony is in association with the London Stock Exchange and celebrates some of the top-performing companies within the main market.
Craig Foster, boss of Ondo InsurTech, said in a statement: "This nomination underscores our pursuit of innovation and our commitment to delivering groundbreaking tech solutions to solve real-world problems. Our focus on responsible and sustainable business practices is unwavering."
This year’s event will take place in March and will have a particular focus on ESG.
LeakBot, a device used to detect leaks in houses before they become big problems, is said to align with the themes of the ceremony, due to its “transformative solutions and sustainable practices”.
In 2022, the insurance tech company was granted the LSE’s Green Economy Mark, which recognised LeakBot’s contribution to the global sustainability economy.
Shares in Ondo are up over 320% to 27p in the last 12 months, with the company having signed a series of global partners.