First published in AIM Investor: the Water sector on AIM: Cleantech magazine, Volume 6 Issue 6 - December 2012
Water Intelligence has products and services that detect leaks. The company was formed in 2010 when US business American Leak Detection reversed into Qonnectis, a smart meter and leak detection technology company already quoted on AIM.The core business “provides non-invasive water leak detection and remediation services”, which means that leaks can be detected without having to pull up floors. The company has its own operations as well as franchisees that use its technology. The Qonnectis operations continue to provide managed meter reading and data services to water and power utilities in the UK, including Thames Water, Scottish Water, Cambridge Water and Generale des Eaux. Water Intelligence believes that monitoring of water usage can save customers between 5% and 15% of their water bills. The main water saving product is Leakfrog, which is easy to install and helps to detect leaks. Water Intelligence claims that a single meter reader can fit more than 120 Leakfrog units in one day.
A majority of Water Intelligence’s revenues come from the US, with royalties from franchisees being the largest contributor. Although revenues have been flat, interim profit has improved because of lower administration costs.
Water Sector Stock Performances 2012
|Company ||Mkt Cap (£m) ||Share Price end Dec 2011||Share Price (12 Dec 2012)||% change 2012 |
|Wasabi Energy Ltd||36.85||1.6||1.225||-23.4|