RE: Deepverge26 Jul 2022 18:23
Hi Zoom,
The answe is Yes, the Deepverge RNS on the partnership gave much more and better details than the one we got here.
The Agreement provides for development of a range of LFT units over the next 12 months in the following areas of interest:
1. Traceable Polymer System (i.e. field test kits) offer operational insight for the use of polymers as dispersants in cooling water and as traceable scale inhibitors for oil and gas that require methods to measure the excess polymer added as a treatment to each system. The new LFT units enable a greater understanding of the water chemistry and the ability to optimise treatment levels, and may ultimately prevent over/underdosing.
2. Sulfate Reducing Bacteria (SRB) optimisation. Used by corrosion engineers to determine the presence of SRB, the current kit format uses multiple sample preparation steps and a colour-change end point. The conversion of this test to LFT accelerates the results by reducing the number of steps compared to tests currently on the market. The SRB business is currently worth in excess of $100k to Modern Water and this easy to use upgrade expands the reach into wider corrosion test markets.
3. 1.7 billion of the world population does not have access to drinkable water[i]. The increasing regulatory support and legislation for high standard maintenance of food and beverage products, pharmaceuticals and other industries, are further increasing the applications of chemically tested water. Environmental LFT tests will include acrylamide, microcystins, algae in the second phase of development.
4. Detecting PFAS - "Forever Chemicals" (Per- and Polyfluoroalkyl Substances) is an exciting new area of interest. PFAS has been added to the US Environmental Protection Agency drinking water treatability database[ii] which creates the need to make informed decisions about the level of PFAS in drinking water. This creates a very large opportunity for LFT single use testing in private homes, hospitals, hotels, pubs, restaurants and food and beverage manufacturing.
5. Wellness tests for Skin Trust Club will include Vitamin D, Cortisol, Menopause, Kidney and Liver function with the potential to extend the test service and product offering, including supplements.
DeepVerge will fund the costs of the projects being undertaken under the Agreement. Abingdon will be exclusive developer and manufacturer of the products subsequently transferred into manufacturing.