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Modern Water Licences Technology For Use At Chinese Treatment Plant

Thu, 27th Sep 2018 15:56

LONDON (Alliance News) - Modern Water PLC on Thursday said it has licenced its osmosis technology to Hangzhou Shangtuo Environmental Technology Co Ltd for use at a treatment plant in China.

The water treatment company licenced the technology for use in a demonstration plant and will treat leachate from a landfill site. Landfill leachate is the liquid that drains from a landfill site, and must be treated to prevent groundwater contamination.

Modern Water and Hangzhou currently have a joint venture in China, with Hangzhou holding a 5% Modern Water stake.

"Modern Water is delighted with our close partnership with [Hangzhou], which has a successful water treatment business in China. It allows us to deploy our core technologies in new and challenging applications in the Chinese market," said Modern Water Chief Executive Simon Humphrey.

Shares in Modern Water were up 0.8% at 9.68 pence on Thursday.

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Modern Water Launches Open Offer To Raise GBP900,000 (ALLISS)

LONDON (Alliance News) - Modern Water PLC said Thursday it launched an open offer aiming to raise proceeds of GBP900,000.The company will offer up to 10.0 million shares at 9.0 pence each,

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20 Sep 2018 09:49

Modern Water Well Placed For Revenue Growth As Interim Loss Narrows

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21 Aug 2018 11:21

Modern Water Secures Investment From Chinese Firm, Plans Fundraising (ALLISS)

LONDON (Alliance News) - Modern Water PLC on Tuesday said it secured an investment of GBP552,349 from Chinese company Hangzhou Shangtuo Environmental Technology Co Ltd, trading as Sunup.The

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2 Aug 2018 12:20

Modern Water Expects Higher Interim Sales And Narrowed Loss

LONDON (Alliance News) - Modern Water PLC said Thursday that it expects to report a sales increase on last year and narrowed loss for the first half of the year.The company said that for to

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4 Jul 2018 12:27

Modern Water Opens "World's First" Brine Treatment Plant In India

LONDON (Alliance News) - Modern Water PLC said Wednesday the "world's first brine treatment plant" will be opened in India using its all membrane brine concentration plant, opened by

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25 Apr 2018 11:13

Modern Water Reports Strong Start To 2018 With Revenue & Profit Up

LONDON (Alliance News) - Modern Water PLC on Wednesday said it has started 2018 strongly with revenue and profit rising significantly in the first quarter.The water technologies firm said a

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29 Mar 2018 13:39

Modern Water 2017 Pretax Loss Deepens On Goodwill Impairment Charge

LONDON (Alliance News) - Modern Water PLC said Thursday a large exceptional goodwill impairment charge and lower revenue generation has resulted in a deepened pretax loss for

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21 Mar 2018 13:16

Modern Water Warns On 2017 Results Amid Changes In Sales Model

LONDON (Alliance News) - Modern Water PLC said Wednesday it expects revenue and profit to be below market forecasts for 2017 due to sales model changes, which have also in in

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Modern Water receives order commitments worth £550k

(ShareCast News) - Modern Water has received order commitments from customers in the Asia Pacific region in excess of £550,000 for its range of online toxicity and trace metal monitoring equipment. The company, which owns technologies for water, wastewater treatment and the monitoring of water quali

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15 Sep 2016 10:41

DIRECTOR DEALINGS: Modern Water Finance Boss Buys 100,000 Shares

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Modern Water clamps down on costs in first half

(ShareCast News) - Modern Water, an AIM listed provider for water and wastewater treatment and the monitoring of water quality, improved on its performance during the first half by cutting down on costs. Re-organisation and cost control during the first half saved the company £0.6m, with cash burn h

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