(MWG) Modern Water
Summary
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| 09-12-11 | RNS |
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RNS Number : 6588T Modern Water PLC 09 December 2011
9 December 2011 Modern Water plc ("Modern Water" or "the Group")
MODERN WATER COMPLETES ACQUISITION OF MICROTOX
Modern Water (AIM:MWG), a provider of leading water technologies for the production of fresh water and monitoring of water quality, is pleased to announce that further to the announcement made on 11 November 2011, it has today completed the acquisition of the water quality division of Strategic Diagnostics Inc. ("SDIX"), including its Microtox® toxicity testing technology. Microtox is a leading worldwide brand in water toxicity monitoring, and the acquisition will further enhance Modern Water's offering in this key marketplace. Modern Water expects to benefit from synergies as both Cymtox and Microtox use the same platform bioluminescent technology, and the combined expertise in this field provides a strong base for future product development. There are also geographical benefits to the acquisition as Microtox sales are expected to capitalise on the distribution channels Cogent and Cymtox have established in China and Asia. Moreover, sales of Modern Water's existing products should be enhanced by the strength of the sales team and distribution partners in the US and Canada.
--Ends--
For further information:
Notes to editors
About Modern Water (www.modernwater.com)
Modern Water owns, installs and operates world-leading desalination 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's patented forward osmosis technology has been proven to significantly reduce costs, lower energy consumption and lessen environmental impact in a variety of industries. With a sales presence in over 20 countries, the Group's Monitoring Division includes the world's best performing real-time continuous toxicity monitor and trace metal analysers for monitoring the quality of drinking water.
About SDIX (www.sdix.com)
SDIX is a biotechnology company with a core expertise in creating better antigens, better antibodies and better assays for the pharmaceutical, biotechnology and food safety markets. For over 20 years, SDIX has been a leading immuno-solutions company, developing results-oriented and innovative antibody-based solutions that enable customers to meet high performance research, diagnostic and commercialization objectives.
In the life science market, SDIX's technology and capabilities are being used to help discover disease mechanisms, facilitate development of new drugs and provide antibodies and assays for the diagnosis of disease. In the food safety market, SDIX continues to expand its footprint as an international supplier of rapid pathogen test technologies that enable more accurate and cost-effective results.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 30-11-11 | RNS |
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RNS Number : 0916T Modern Water PLC 30 November 2011
30 November 2011 Modern Water plc ("Modern Water" or "the Group")
QUEEN'S ANNIVERSARY PRIZE AWARDED TO
Modern Water plc (AIM:MWG), the owner of leading water technologies for the production of fresh water and monitoring of water quality, is pleased to announce the award of the Queen's Anniversary prize to the University of Surrey.The prize was won for the extensive and wide-ranging work achieved by the University's Centre for Osmosis Research and Applications (CORA) to address the global problems of fresh water availability and the treatment and disposal of wastewater. The award recognises the outstanding research and development achieved by CORA which benefitted from substantial funding and support from Modern Water.
The forward/manipulated osmosis technology developed by Professor Adel Sharif, Director of CORA, underpins the advanced membrane technologies commercialised by Modern Water. The Group owns the only commercial forward osmosis plant in the world and is currently developing further applications for this ground-breaking technology. The Queen's Anniversary Prize is the most prestigious honour open to a UK university and the University of Surrey was one of 21 institutions to win this accolade.
Professor Adel Sharif, Director of the Centre for Osmosis Research and Applications (University of Surrey), said: "Our mission is to provide affordable access to water for drinking and irrigation purposes. The Queen's Anniversary Prize is a significant endorsement of our work." The Centre's research activities have led to many innovations, the most notable of which is the development of Manipulated Osmosis Desalination which significantly improves access to safe drinking water and sanitation.
The 'Diamond Jubilee' (ninth) round presentations, to representatives from the winning institutions, will be made in February 2012 at a Buckingham Palace honours ceremony. The Queen's Anniversary Prizes for Higher and Further Education, awarded every two years, are part of the UK honours system, and promote world class excellence in UK universities and colleges.
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For further information:
Modern Water plc Neil McDougall Executive Chairman 01483 696011 www.modernwater.com
Media enquiries:
Tom Gough HeadLand Consultancy 020 7367 5228
Peter La Media Office University of Surrey 01483 689191
Notes to Editors:
About Modern Water
Modern Water owns, installs and operates world-leading desalination 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's patented forward osmosis technology has been proven to significantly reduce costs, lower energy consumption and lessen environmental impact in a variety of industries. With a sales presence in over 20 countries, the Group's Monitoring Division includes the world's best performing real-time continuous toxicity monitor and trace metal analysers for monitoring the quality of drinking water.
About the University of Surrey
The University of Surrey is one of the UK's leading professional, scientific and technological universities with a world class research profile and a reputation for excellence in teaching and research. Ground-breaking research at the University is bringing direct benefit to all spheres of life - helping industry to maintain its competitive edge and creating improvements in the areas of health, medicine, space science, the environment, communications, defence and social policy. Programmes in science and technology have gained widespread recognition and it also boasts flourishing programmes in dance and music, social sciences, management and languages and law. In addition to the campus on 150 hectares just outside Guildford, Surrey, the University also owns and runs the Surrey Research Park, which provides facilities for 140 companies employing 2,700 staff.
The Sunday Times names Surrey as 'The University for Jobs' which underlines the University's growing reputation for providing high quality, relevant degrees.
Surrey is a member of the 1994 Group of 19 leading research-intensive universities. The Group was established in 1994 to promote excellence in university research and teaching. Each member undertakes diverse and high-quality research, while ensuring excellent levels of teaching and student experience.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 22-11-11 | RNS |
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RNS Number : 5510S Modern Water PLC 22 November 2011
22 November 2011 Modern Water plc ("Modern Water" or "the Group")
HOLDINGS IN COMPANY
Modern Water (AIM:MWG), a provider of leading water technologies for the production of fresh water and monitoring of water quality, today announces that, following a review of its share register, the company is aware that Fidelity Investments owns 2,400,000 shares in Modern Water or 4.03% of the issued share capital. In addition, following a sale of shares, Aviva Investors' shareholding in Modern Water has fallen below the three per cent threshold for notifications under the Disclosure Rules and Transparency Rules.
--Ends--
For further information:
Notes to editors
About Modern Water (www.modernwater.com)
Modern Water owns, installs and operates world-leading desalination 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's patented forward osmosis technology has been proven to significantly reduce costs, lower energy consumption and lessen environmental impact in a variety of industries. With a sales presence in over 20 countries, the Group's Monitoring Division includes the world's best performing real-time continuous toxicity monitor and trace metal analysers for monitoring the quality of drinking water.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 11-11-11 | RNS |
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RNS Number : 9302R Modern Water PLC 11 November 2011
11 November 2011 Modern Water plc ("Modern Water" or "the Group")
MODERN WATER ACQUIRES MICROTOX
Modern Water (AIM:MWG), a provider of leading water technologies for the production of fresh water and monitoring of water quality, is pleased to announce that it has today entered into an agreement with Strategic Diagnostics Inc. ("SDIX") to purchase the assets of its water quality division (the "division"), including its Microtox® toxicity testing technology ("Microtox"), for US$4.5 million. The acquisition is expected to complete during the fourth quarter of 2011 once transitional arrangements are in place. The water quality division of SDIX, based in Newark, Delaware, sells products and services to determine toxicity and detect contaminants in water and soil. Its two main product groups are toxicity detection using bioluminescence, and industrial bio-detection of substances including pesticides, herbicides and PCBs. In the year to 31 December 2010, the division had revenues of $4.79m and gross profit of $2.67m. Profit before tax for that period (after certain SDIX central cost allocations) was $0.54m.
The Board of Directors of Modern Water believes that the technology, products and geographic focus of the division are complementary to the Group's existing water monitoring business. The acquisition will provide a strong platform for the Group to achieve its strategy of accelerating sales through a worldwide distribution network for its water quality testing and monitoring technologies.
As part of the acquisition, Modern Water is acquiring the division's intellectual property, its current inventory and commercial contracts, as well as its equipment and staff. No office leases or other infrastructure items are being transferred. The assets will be acquired by Modern Water's new wholly-owned subsidiaries in the US and in the UK.
The consideration for the acquisition will be paid in cash and funded out of the Group's existing cash reserves. There will be no change to the Group's shareholder base, voting control or Board of Directors.
Simon Humphrey, Chief Executive of Modern Water, said "We are delighted to announce the acquisition of the water quality division of SDIX, and in particular Microtox, the leading worldwide brand in water toxicity monitoring. There are clear synergies between our existing portfolio of water monitoring products, as both Cymtox and Microtox use the same platform bioluminescent technology for water toxicity monitoring. Our combined expertise in bioluminescence provides a strong base for future product development. Microtox sales will benefit from the distribution channels Cogent and Cymtox have established in China and Asia, whilst sales of our existing products will be enhanced by the strength of the sales team and distribution partners we are acquiring in the US and Canada."
--Ends--
For further information:
Notes to editors
About Modern Water (www.modernwater.com)
Modern Water owns, installs and operates world-leading desalination 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's patented forward osmosis technology has been proven to significantly reduce costs, lower energy consumption and lessen environmental impact in a variety of industries. With a sales presence in over 20 countries, the Group's Monitoring Division includes the world's best performing real-time continuous toxicity monitor and trace metal analysers for monitoring the quality of drinking water.
About SDIX (www.sdix.com)
SDIX is a biotechnology company with a core expertise in creating better antigens, better antibodies and better assays for the pharmaceutical, biotechnology and food safety markets. For over 20 years, SDIX has been a leading immuno-solutions company, developing results-oriented and innovative antibody-based solutions that enable customers to meet high performance research, diagnostic and commercialization objectives.
In the life science market, SDIX's technology and capabilities are being used to help discover disease mechanisms, facilitate development of new drugs and provide antibodies and assays for the diagnosis of disease. In the food safety market, SDIX continues to expand its footprint as an international supplier of rapid pathogen test technologies that enable more accurate and cost-effective results.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| Fri 12:06 | ||||
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Hi share - I first got into these in 2009; heavily researched it and having appreciated the potential here have held them ever since, adding another chunk a few months ago.
My only criticism is the delay in commercialising the valuable 'first mover' advantage they have in the huge desal market (which I've conveyed to the CEO more than once) and then there's the alternative applications to exploit with FO (water works, power stations, other industrial installations etc). The conservative approach they adopt with their finances, whilst commendable, seems to spill over into their selling 'modus operandi' which is a pity, to say the least. They assure me that extra efforts are in hand to drum up more business in this area, so let's hope they're successful soon. In the meantime, I'm prepared to exercise further patience, given the potential re-rate on a decent desal order or two being announced which should spring this into prominence. The value the sp represents right now is significant, imv and an approach from a competitor, if they don't up their game, wouldn't surprise me one jot. They need to deliver or somebody else will do it for them.......sasa. |
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| 02-02-12 | ||||
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I hope you are right sasa43, the share price has dropped a lot since I purchased some back in February 2010. I had bought with a long term view, however it is beginning to look rather too long!
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| 02-02-12 | ||||
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Modern Water
IP Group established Modern Water in 2006, combining water technologies from a number of sources including the University of Surrey. The company owns, installs and operates world-leading desalination technology and develops and supplies advanced systems for water monitoring. Modern Water, which was floated on AIM in 2006, won the contract for the world's first commercial desalination plant using forward osmosis in Oman and is also achieving volume sales of its water toxicity monitoring systems. ....................................................................................................................................................... IP Group has around 80 different companies in its portfolio including MWG . http://www.ipgroupplc.com/portfolio The MWG technologies were spun out of universities. IP Group still have a large holding in MWG. Loadsadough |
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| 27-01-12 |
Buy
Re: Yaawn
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I know what you mean, charlie; the absence of any updates confines an under researched share to the backwater of the investment universe.
However, sometimes a 'sleeper' like this only gets going after an event, in this case a significant desal contract to augment the pilot one they got from Oman last October. These things tend to come 'out of the blue' and if it's a major win, the sp could be quickly galvanised into action with the thin market in the shs exacerbating the effect. I got the impression from the CEO in reply to my recent e-mail that they were aware of this and were stepping up efforts over there and elsewhere to get results. Given the strong balance sheet / no borrowings and steady progress of the other divisions while we wait, I'm happy to see the finals in March before any re-think, bearing in mind the humongous size of this market and their 'leading edge' in forward osmosis. If they can't adequately commercialise this advantage, they deserve to be on someone's shopping list with a three figure sp offer in mind...... Just my view - sasa. |
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