TIDMMWG
RNS Number : 5642A
Modern Water PLC
30 September 2020
AIM share code: MWG
30 September 2020
Modern Water PLC
("Modern Water" or "Company")
Statement re announcement by Integumen
Modern Water is pleased to note that Integumen plc
("Integumen"), the Company's reagent production agency and sales
support partner, has announced that it has signed a Memorandum of
Understanding to enter a 3-year Framework Agreement (the "Framework
Agreement") with the WaterRising Institute. The Framework Agreement
covers the supply of $500,000 of equipment, consumables and
services from ecowaterOS partners, which includes Modern Water, for
the management and real-time monitoring of water quality, initially
in the Great Lakes basin region of Michigan .
The text of the Integumen announcement is reproduced below :
Integumen PLC (to be renamed DeepVerge plc)
("Integumen" or "Company")
First COVID19 detection agreement for Detroit MI and Fresh Water
in Great Lakes, USA
Integumen and Water Rising Institute in 3-year Great Lakes water
contamination detection Project
Deployment of Microtox(R) PD and Microtox(R) BT Novel Sensors
for identification of pathogenic viruses
including SARS-CoV-2
Integumen announces that it has signed an Memorandum of
Understanding ("MoU") with Water Rising Institute, a Non Profit
Organization in Detroit, Michigan, USA, to enter a legally binding
three year Framework Agreement ("Agreement") to be executed on or
before the 18 November 2020 for the supply of $500,000 of
equipment, consumables and services from ecowaterOS partners, for
the management and real-time monitoring of water quality, initially
in the Great Lakes basin region of Michigan.
WaterRising Institute is a women-led nonprofit that accelerates
real-time and sustainable management of water. WaterRising aims to
develop a state-of-the-art early warning system for water quality
monitoring, that provides real time alerts, enabling the local
authorities to identify the source of their pollutants, while
protecting their citizens.
Under the proposed Agreement Integumen will act for and on
behalf of the Consortium Parties of ecowaterOS technologies in the
USA, EU and associated states under the European Neighbourhood
Policy who provide products and services. The appointment to manage
the water systems will continue for three years, with an initial
trial period of six months, and an annual renewal thereafter.
Integumen will act as WaterRising's agent to design, build,
install and supervise the Detroit River AI Water Quality Project (
'DRAWQ ([i]) '). The DRAWQ project consists of a Consortium Parties
of ecowaterOS technologies in the USA, EU and associated states
under the European Neighbourhood Policy. Monitoring products will
include ecowaterOS partner's Hydrolight(TM) , RAWTest (TM) ,
Microtox(R) , OVA(R) , PDV(R) , RaPID Assay(R) , EnviroGard(R) ,
EnSys(R) , QuickChek(R) , AlgaeChek(R) , BODChek(R) , PetroChek(R)
. Integumen's Microtox(R) PD and Microtox(R) BT Novel Sensors will
be used for the identification of pathogenic viruses including
SARS-CoV-2.
Gerard Brandon CEO Integumen plc commented:
"WaterRising Institute is an inspiring consortium driving
recognition of the importance of clean water and we are delighted
to be working alongside them in the DRAWQ Project. More than 35
million people rely on the Great Lakes for drinking water, jobs and
their way of life and right now there are 90 Million Cases of
Recreational Waterborne Illness Per Year ([ii]) , clearly
demonstrating the need to rejuvenate the river. This work will
enable Detroit to become the center of excellence for technology
and systems for the measuring of water quality and we are proud to
be a part of this drive for environmental change."
Alicia Douglas, President of Water Rising Institute
comments:
"We are excited to be partnering with Integumen, as we are
directly aligned on our goals to bring innovation and technology to
the infrastructure of our water systems, to protect our people and
our planet. The DRAWQ project launches this much needed real-time
AI technology in Detroit, MI. WaterRising Institute will then help
to spread this and many other real-time water monitoring and
warning solutions to other parts of the US and the world"
[i] DRAWQ: Detroit River AI Water Quality
[ii]
https://ehjournal.biomedcentral.com/articles/10.1186/s12940-017-0347-9
Contacts:
Simon Humphrey ,
Modern Water plc CEO +44 (0)20 3827 3439
Sandy Jamieson
Cairn Financial Advisers Liam Murray
LLP (Nominated Adviser) Ludovico Lazzaretti +44 (0)20 7213 0880
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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 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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