DeepVerge PLC - York, England-based environmental & life science AI company - Sees production orders worth USD5 million for Modern Water equipment in the first quarter of this year. Says 80% of the equipment being produced is for the Chinese market, where further assembly and localisation will be carried out. Says these orders are expected to be delivered over the course of this year. Says manufacturing being implemented to increase production capacity in China in the second quarter. Says eight Modern Water units are being retrofitted with MicrotoxPD SARS-CoV-2 wastewater detection systems.
Current stock price: 32.00 pence, up 7.0% on Wednesday
Year-to-date change: up 3.2%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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