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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Modern Water Plc | LSE:MWG | London | Ordinary Share | GB00B1XF5X66 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.45 | 2.40 | 2.50 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMWG
RNS Number : 0346W
Modern Water PLC
06 February 2017
6 February 2017
Modern Water plc
("Modern Water")
First Sale of Modern Water's New Brine Concentration Technology
Modern Water plc (AIM:MWG), the owner of leading technologies for water, wastewater treatment and the monitoring of water quality, announces that following the successful pilot testing announced in December 2016, it has secured the first sale of its proprietary All-Membrane Brine Concentration (AMBC) technology.
Modern Water will provide proprietary AMBC technology to treat wastewater produced by an India-based customer involved in the textile dyes industry. The project will be executed in partnership with Advent Envirocare
Technology Pvt. The innovative AMBC system will be built into a new facility, with completion and commissioning in India scheduled for mid-2017
Traditional water recycling and Zero Liquid Discharge (ZLD) methods are typically complex, multi-stage and costly in a wide range of industrial processes across the globe, representing a significant cost to business. Modern Water's advanced technology allows customers to achieve higher brine concentrations than traditional techniques, which significantly reduces the waste water volume required for the subsequent brine crystalliser treatment. This is likely to deliver a step-change in efficiency, significantly reducing operating costs for customers.
Simon Humphrey, CEO of Modern Water commented: "It is testament to the strength of our technology and the professionalism of our partners at Advent Envirocare, that the first sale of our AMBC system has occurred so quickly after the successful completion of the pilot in December last year. When the customer's facility is up and running, we are confident that our technology will demonstrate the substantial improvements we can offer to other industries, thereby allowing us to target new markets."
--Ends--
For further information please contact:
+44 (0)1483 696 Modern Water plc 000 Simon Humphrey, Chief Executive W H Ireland (Nominated Adviser +44 (0)207 220 and Broker) 1666 Paul Shackleton / Edward Kennedy +44 (0) 207 920 Tavistock (Public Relations) 3150 Mike Bartlett / Andrew Dunn
Notes to Editors:
About Modern Water
Modern Water owns, installs and operates world-leading membrane technology and develops and supplies advanced systems for water monitoring. Its shares trade on the Alternative Investment Market of the London Stock Exchange.
Modern Water has developed and commercialised world-leading patented Forward Osmosis desalination technology which can be used in a variety of industries. Its benefits include lower energy consumption, improved water quality and lower environmental impact. With a sales presence in almost 60 countries, the Group's Monitoring Division includes a leading real-time continuous toxicity monitor and trace metal analysers for monitoring the quality of drinking water.
www.modernwater.com
About Advent Envirocare
Advent Envirocare is a specialised Environmental Engineering, Procurement and Construction Company entirely focussed on industrial effluent treatment, recycling and zero liquid discharge systems, having completed about 150 projects over last two decades. By bringing latest international technologies to its customers, Advent Envirocare has successfully handled some of the toughest applications in treatment of industrial effluents in coke-oven, pharmaceuticals, speciality chemicals, organic dyes, paints, textiles and petrochemicals sectors. With projects as small as 100 m(3) /d to among the largest in the country, a centralised plant of 100 MLD, the Company has demonstrated versatility and capability in catering to the customer demand.
www.adventenvirocare.com
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
February 06, 2017 02:00 ET (07:00 GMT)
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