Modern Water PLC Sichuan China orders cGBP0.4m of Modern Water units (8279N)
May 26 2020 - 1:00AM
UK Regulatory
TIDMMWG
RNS Number : 8279N
Modern Water PLC
26 May 2020
AIM share code: MWG
26 May 2020
Modern Water PLC
("Modern Water" or "Company")
Sichuan Province China orders Modern Water equipment worth
cGBP410,000
Modern Water is pleased to announce that it has secured the sale
of its largest single order for 20 Microtrace(R) PDV ("PDV") units
and 7 sets of related consumables in China. The total value of the
order is CNY3.56 million (cGBP410,000). Following a directive from
the Sichuan Department of Ecology and Environment Office, the new
PDV units, which measure trace metals in water, soil and food, will
be used to improve the province's emergency response to
environmental emergencies and overcome a shortfall to provide
comprehensive analysis on water quality.
Simon Humphrey, CEO of Modern Water, commented:
"Following the 2019 launch in China of Modern Water's award
winning Microtox LX laboratory water testing unit and the recent
confirmation of the 10 industrial scale Microtox CTM units to be
shipped in the 3rd quarter, yet another milestone order size and
value for 20 of our new Microtrace PDV portable water contamination
test units increases Modern Water's exposure to water health and
safety in China.
"All Modern Water equipment require consumables and have the
option to be upgraded with AI-As-A-Service offering predictive
water contamination alerts based on accumulated historical data
that may contribute to increased revenue per client."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Modern Water plc Simon Humphrey, CEO +44 (0)20 3827 3439
Sandy Jamieson
Cairn Financial Advisers Liam Murray
LLP (Nominated Adviser) Ludovico Lazzaretti +44 (0)20 7213 0880
---------------------- ---------------------
Turner Pope Investments Andy Thacker / Zoe
(TPI) Limited (Broker) Alexander +44 (0) 20 3657 0050
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About Modern Water
Modern Water was established in 2006 to develop and
commercialise water recovery technologies to counter water crisis
problems arising from climate change and a growing global
population. Having invested GBP20m over the last 14 years, the
results comprise of a robust patent portfolio of 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.
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END
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