Deepverge PLC Investor presentation and corporate update (3755G)

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RNS Number : 3755G

Deepverge PLC

25 November 2020

25 November 2020

DeepVerge PLC

("DeepVerge" or "the Company")

Investor presentation and corporate update following Modern Water plc acquisition

DeepVerge (LSE:DVRG.L), the scientific research and AI-as-a-Service company, is pleased to announce that Gerry Brandon, Chief Executive Officer, will be presenting at an investor webinar being hosted jointly by Turner Pope Investments (TPI) Ltd and Vox Markets.

The event will be held on Tuesday 1(st) December 2020 at 2pm. Please register your interest at https://voxmarkets.brand.live/c/deepverge-webinar

Gerard Brandon, CEO of DeepVerge, Commented:

"Deepverge is expanding, with organic revenue growth alone, despite COVID, guided at GBP4m for 2020, including an increase in revenues by 300% in H2 2020, up from GBP1m in H1 2020. Following the recent acquisition of Modern Water plc, we will now have sales offices and laboratories for Labskin and Rinocloud AI services in the US, Ireland, UK, China and Japan. This global expansion provides access to a growing list of household name clients, that includes Unilever, L'Oréal, Estee Lauder, Walgreens Boots Alliance, Amway and L'Occitane, cross-selling products and services from each division and serving the environment, cosmetics and pharma sectors worldwide.

"The presentation will provide an update on sales, marketing, supply chain management of products and services under development in a post-COVID world with insight into what is expected to come in 2021 and 2022."

For further information please contact:

 
                                                                  [phone] 
 DeepVerge plc                      Gerard Brandon, CEO            648 
 SPARK Advisory Partners Limited    Neil Baldwin/Andrew           [phone] 
  (Nominated Adviser)                Emmott                        8974 
 Turner Pope Investments (TPI)                                    [phone] 
  Limited (Broker)                  Andy Thacker/Zoe Alexander     0050 
 

About DeepVerge plc (www.deepverge.com)

DeepVerge is a scientific research and AI-as-a-Service company focused on production and analysis of bacteria, virus and toxins utilising artificial intelligent data analytics in regulatory technology, from scientifically proving the impact of skincare product claims on skin microbiome for top 20 global cosmetic company clients to remotely detecting water contamination in real-time.

In November 2020, DeepVerge acquired Modern Water who developed and commercialised a cutting-edge technology, focused on monitoring of contaminated water and decontamination of wastewater, making recycling of water more efficient. Six countries across the world have legislated that Modern Water monitoring test systems are written into their environmental protection legislation. The Company is in final trials for its real-time contamination product, Microtox PD, for the identification of COVID-19 hotspots and other pathogens.

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November 25, 2020 02:00 ET (07:00 GMT)