Rns Out!25 Nov 2020 07:03
November 2020
25 November 2020
DeepVerge PLC
("DeepVerge" or "the Company")
Investor presentation and corporate update following Modern Water plc acquisition
DeepVerge (LSE:DVRG.L), the scientific research and AI-as-a-Service company, is pleased to announce that Gerry Brandon, Chief Executive Officer, will be presenting at an investor webinar being hosted jointly by Turner Pope Investments (TPI) Ltd and Vox Markets.
The event will be held on Tuesday 1(st) December 2020 at 2pm. Please register your interest at https://**********.brand.live/c/deepverge-webinar
Gerard Brandon, CEO of DeepVerge, Commented:
"Deepverge is expanding, with organic revenue growth alone, despite COVID, guided at GBP4m for 2020, including an increase in revenues by 300% in H2 2020, up from GBP1m in H1 2020. Following the recent acquisition of Modern Water plc, we will now have sales offices and laboratories for Labskin and Rinocloud AI services in the US, Ireland, UK, China and Japan. This global expansion provides access to a growing list of household name clients, that includes Unilever, L'Oréal, Estee Lauder, Walgreens Boots Alliance, Amway and L'Occitane, cross-selling products and services from each division and serving the environment, cosmetics and pharma sectors worldwide.
"The presentation will provide an update on sales, marketing, supply chain management of products and services under development in a post-COVID world with insight into what is expected to come in 2021 and 2022."
For further information please contact: