The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
And here I am having to agree with mugginsthedog... If Tokash-Peters's summary of events is accurate that seems very much material news (especially given the reasons the previous CEO beggared the company). DVRG need to confirm if Delaware continues to process STC tests (the ability to process a low level demand and the need for a dedicated team are not the same thing... No question the STC team being lead by Tokash-Peters are no more - did the company retain any of the trained individuals?). Given America remains an option on STC site that doesn't seem unlikely (given investment in equipment a failure to do so seems unforgivable). However given the inability of the company to ensure company websites and other promotional outlets are accurate we can't assume anything from US remaining an option on STC website #Deep Verge ...
Amanda Tokash-Peters
I was recently the senior scientist leading the Skin Trust Club sequencing laboratory in New Castle, Delaware, USA. Prior to the US branch of the company being closed, my team and I worked to prepare customer samples for microbiome characterization via DNA sequencing.
Senior Scientist
Skin Trust Club
August 2022 - nov. 2022 4 months
https://www.linkedin.com/in/amanda-tokash-peters/
Not that anybody needs reminding but for the record:
Acquisition; Loan Facility for global expansion
RNS Number : 0588F
Deepverge PLC
17 March 2022
The Company has also secured a mezzanine loan facility of up to £25 million ("Facility"), with Riverfort Global Opportunities PCC Limited and YA II PN, Ltd, available for 3-years in the form of 12-month mezzanine loan notes to fuel momentum across all divisions of the Group. The initial drawdown of £4 million will be used for;
2. expansion of manufacturing capacity and laboratory space in the US for the Skin Trust Club;
https://www.investegate.co.uk/deepverge-plc/rns/acquisition--loan-facility-for-global-expansion/202203170700040588F/
Given above shutting the branch doesn't seem like the kind of thing you just forget to mention...
US and dollars remains an option at STC (can be found in the hamburger menu). A result of incompetence or other arrangements having been made?
https://www.skintrustclub.com/order-test/
Current terms of use:
Please note that we only deliver sample collection kits to addresses in the [United Kingdom, Ireland and continental United States of America]
https://www.skintrustclub.com/terms-of-use/
Fionan Murray has stepped down from the board with immediate effect to concentrate during his notice period on maximising the value of Skin Trust Club and Labskin Division, in line with the announcement on 20 July 2022 that the Company is exploring a range of options to meet the unprecedented demand for Labskin services and the accelerating growth of Skin Trust Club.
https://www.londonstockexchange.com/news-article/DVRG/significant-contract-win-and-board-change/15826308
How long is the notice period?
Also, accelerating growth of Skin Trust Club? Google Play Store still stuck at 1k+ for downloads ... Even allowing for five times that many (possible given app downloads required before Google increments the count) it's still a paltry number. Everybody on iOS?
Broker note of 27 October 2022 advised US Skin Trust Club trials with partners pipeline of £0.5 million... Given the branch was apparently shuttered in November silence really doesn't seem the best policy.
Fat fingers?
Disappointing there isn't anything more interesting going on that we're left with nothing else to comment on...
Last March saw the WEF Public Health and Water Conference & Wastewater Disease Surveillance Summit. If we could see some evidence of progress from the relationships established there that would be great (and give us something other than trades to comment on).
I note company is yet to sign up for weftec this year (although if I recall correctly they weren't early doing so last time around):
https://weftec23.mapyourshow.com/
Monday March 20 does have below (will Modern Water offerings be represented? What's the current relationship with Waterrising? If company would like to update us that would be great...):
WaterWoman Project’s Gender and Youth Hub, cohosted with NYC Mayor’s Office for International Affairs, will set the agenda on Monday, March 20, 2023 with the only platform centering gender and youth voices as solutions for addressing our global water crisis.
By filling the utility and technology data gap, we can close the gender gap by providing diversity-focused, on-the-job training in smart water tech and other essential water jobs.
https://waterrising.org/
Without intending to comment on every trade that turns up (but sticking to the theme):
02-Mar-23 10:39:56 1.80 1,350,000 Buy* 24.30k
And off topic, given the below doesn't indicate itself as paid promotion can we assume STC at least has one active repeat paying member?:
Are you using the wrong skincare products? Test your skin to find out! @skintrustclub#shorts
https://m.youtube.com/watch?v=s2-vCUhpXBA
Not much... (but if small trades are being commented on then it seemed worth noting). Doubtful selling ends any time soon. Has anything promised at time of placing been delivered (possibly, but market not been informed)?
Since we clearly don't have an agreed upon definition of soon for any claims made by this company do we have an understanding of recent? From a recent LinkedIn post by Modern Water:
Innovative water quality monitoring solutions such as the Microtox® CTM are revolutionizing real-time protection against accidental or intentional hazardous chemicals. The continuous online monitor monitors incoming waters and provides a result every 2 minutes. Built to detect over 2,700 chemicals and compounds, this award-winning system has recently been installed in five new stations outside Shanghai by China's Central Hydrological Station for comprehensive river data collection.
https://uk.linkedin.com/company/modern-water-plc
March 11 last year... soon be that date again:
RNS Number : 4276E
Deepverge PLC
11 March 2022
This equipment is across the range and earmarked for sites including the UK, the EU, China, India and the Middle East. The range of equipment includes Microtox®PD, for real-time detection of SARS-CoV-2 in wastewater treatment plants adding to existing data sampling units installed last year (RNS[ii]: 28th October 2021), extending the trials to April this year.
https://polaris.brighterir.com/public/deepverge_plc/news/rns/story/x8k9kjx
About that... Update please.
Even if we can't agree what recent is we can agree this is not?:
https://twitter.com/gjbrandon/status/1560377965762035717
Anybody keeping count (presumably not those in marketing...):
https://twitter.com/gjbrandon/status/1509054908393304065
Speaking of marketing I note somebody thought it time well spent to remove below linked page:
https://www.glanaco.com/mobile-kit-out-surveillance/
Well if there isn't anything more interesting to talk about than posted trades... (the new CFO any plans to get the chequebook out?). Buy or sell it's something...:
17:06:01 1.825 4,115,547 Unknown* 75.11k
The Agreement is effective from 27 May 2022 and remains in force for an initial period of one year. The Agreement shall automatically be renewed for successive one year increments unless either party requests, at least ninety days prior to the anniversary date, that the Agreement not be renewed.
https://www.londonstockexchange.com/news-article/DVRG/testing-services-framework-ag-with-abingdon-health/15473445
With no direct mention of DVRG (even if environmental testing is called out) in Abingdon update this AM, and given we are now within 90 day window, is it fair to assume agreement rolls on for another year? Overdue some evidence of progress from the relationship...:
The Directors' believe the lateral flow market will grow significantly across a range of sectors, including clinical testing, animal health, plant health and environmental testing, as the benefits of self-testing - highlighted by COVID-19 - are extended into a range of other applications.
https://www.londonstockexchange.com/news-article/ABDX/trading-update/15853917
Also from the trading update:
On 07 October 2022, Company executives joined Toyota's celebration of 30 years of operation of their engine production facility at Deeside. In addition to having the opportunity to participate in celebration of the facility's performance and contributions to the local communities, the Company heard reiterated Toyota's expectations for the Deeside waste-to-energy facility through the words of its President and CEO of Toyota Europe, Matt Harrison, who said to the Deeside Toyota team, "On top of your efforts for biodiversity and onsite renewable energy, you are contributing to a new circular economy through your collaboration with EQTEC….These efforts firmly place Deeside as the front runner to be our first global carbon neutral plant globally by 2025."
Conference in France earlier this month:
Bio360 Expo is an international assembly point comprising a large international exhibition and multi-track conference programme dedicated to advancing bioenergy, the bioeconomy and atmospheric carbon removal.
8 – 9 February 2023
Nantes, France
https://www.euroheat.org/media-centre/ems-event-calendar/bio360-expo-2023.html
Pyrogasification: A sector serving the circular economy, decarbonization and energy independence
10h00 Introduction, Club Pyrogazéification ATEE
10h15 Pyrogasification, solution to turn solid wastes into RNG and low carbon gas available and storable in existing gas networks, moving towards a more circular economy to energy independency benefice, GRTgaz
10h40 Renewable Energy recovery from agricultural residues, Qairos Energies
11h05 Gazotech
11h30 EQTEC
11h55 RDF-to-rDME: a more effective utilisation of non-recycable waste to decarbonise off-grid users, Circular Fuels Ltd
12h20 Gidara Energy
12h40 Engie
The pyrogasification sector provides an innovative and efficient response to improve non-intermittent recovery of energy from biomass residues and non-recyclable carbonaceous waste with no outlet. Regional actors can thus recognize in the sector a new solution to valorize local resources and decarbonize their energy consumption.
A dynamic ecosystem of innovative companies is now ready to deploy these technologies and offers modular solutions that adapt to regional needs, as demonstrated by the sixty identified projects currently identified in France today and which are ready to industrialise
https://www.bio360expo.com/ConferenceList?eid=558&aid=1211&language=en
Perhaps something will make it onto their YouTube page. Nothing posted to date...
A quick reminder...:
EQTEC France:
RNS Number : 5853E
EQTEC PLC
14 March 2022
https://www.londonstockexchange.com/news-article/EQT/formal-launch-of-eqtec-business-in-france/15365723
RNS Number : 1760T
EQTEC PLC
20 July 2022
https://www.londonstockexchange.com/news-article/EQT/favourable-ruling-for-acquisition-of-france-mdc/15549203
It was an honour and our utmost privilege to host the Honorable President of India, Smt Droupadi Murmu & the Honorable Minister For Heavy Industries Shri Mahendra Nath Pandey at Ion Exchange’s booth during CII's Water and Waste Expo 2023 concurrent with IETF 2023 event in Pragati Maidan.
Our Chairman & Managing Director, Mr Rajesh Sharma & our President, Mr Ajay Popat proudly presented our capabilities in providing advanced water and waste management solutions for industries, communities and homes.
#presidentofindia | #MinistryOfHeavyIndustries | #governmentofindia | #cii | #IETF2023| #watermanagement | #sustainability | #wastewatertreatment | #watertreatment | #waterindustry | #EnvironmentManagement
https://in.linkedin.com/company/ion-exchange-india-ltd
Capabilities...:
Deepverge PLC
India Centre of Excellence for Modern Water AMBC
RNS Number : 7823L
Deepverge PLC
15 September 2021
Ajay Popat, CEO of Ion, commented:
"The AMBC solutions we have selected for these projects provides quantifiable cost reductions making zero liquid discharge affordable as well as providing environmental benefits in terms of massively reduced pollution. Having successfully commissioned 25+ complete Zero Liquid Discharge, we realise the need for brine concentration has never been greater with increased focus on wastewater minimalisation, water recycling and Zero Liquid Discharge..
We are pleased to announce this deepening of our partnership in development of a joint AMBC cooperation model to strengthen our technical and sales capability in the wastewater sector in addition to Modern Water's further expertise in toxicity testing and environmental monitoring."
https://www.investegate.co.uk/deepverge-plc/rns/india-centre-of-excellence-for-modern-water-ambc/202109150701017823L/
News from start of the month from India:
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
Security Code 500214 Company ION EXCHANGE (INDIA) LTD.-$
Exchange Received Time 02-02-2023 11:55:23 Exchange Disseminated Time 02-02-2023 11:55:23 Time Taken 00:00:00
Pursuant to regulation 30(3) Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received a Letter of award from Indian Oil Corporation Limited (IOCL), for the work of Water Treatment Plant including Reverse Osmosis, Demineralization Plant, Condensate Polishing Unit, Zero Liquid Discharge Plant and Operation and Maintenance for two years and Annual Maintenance Charges for five years for their Panipat refinery capacity expansion project (P-25) at Panipat, Haryana, India at a contract value of INR 726.13 crores plus GST. The project is to be commissioned within 24 months from the date of Letter of Acceptance.
https://www.bseindia.com/stock-share-price/ion-exchange-(india)-ltd/ionexchang/500214/corp-announcements/
So will DVRG see a benefit from that order?
At time of broker note of 27 October 22 (page 4) pipeline for Ion being indicated at £1.8 million for AMBC units...
Unaware of anything newer for PBM-HALE than below:
@DocMoschos
Access to the PBM-HALE device for sampling distal airway fine aerosols is now open. This contains RNA, DNA, protein, lipids, glycans, micro-organisms (viable if condensed with wet ice) and may also have medications and drugs - at high enough concentrations with forced expiration
Quote Tweet
PulmoBioMed
@PulmoBioMed
·
20 Sep 2022
Our Early Access Programme is now live - but capacity is very limited. Get in touch to find out how sampling aerosols from the distal airways, entirely saliva-free, can help you understand lung disease. #IPF #cysticfibrosis #COPD #asthma #wheeze #health https://pulmobiomed.com/early-access-programme
1:31 pm · 20 Sep 2022
https://twitter.com/DocMoschos/status/1572201873280491520
@DocMoschos
The company has limited capacity and two spaces have already been taken, including one for an allergy project funded by an undisclosed top 10 pharma.
1:34 pm · 20 Sep 2022
https://twitter.com/DocMoschos/status/1572202442648854530
What was supposed to be:
New Northumbria University spinout – PulmoBioMed - to develop world-leading medical device
16th March 2021
In November, PulmoBioMed entered into a partnership agreement with DeepVerge plc, a company specialising in the use of artificial intelligence to detect, analyse and identify more than 2700 pathogens in clinical research, medical device, environmental and life science equipment. The partnership combines the breathalyser PBM-HALE™ with DeepVerge’s ‘MicrotoxBT’ – a micro-engineered nano-fluidic chip to detect viruses, bacteria, toxins and parasites in drinking and wastewater and identifies specific targets which includes SARS-CoV-2, within breath condensate samples in less than 90 seconds.
This collaboration is the beginning of a joint development program that will use multiplex bio-marker binding agents to analyse breath for 40 other diseases which include cancer, neurodegenerative, respiratory and metabolic conditions.
https://www.northumbria.ac.uk/about-us/news-events/news/pulmobiomed-launch-march-2021/
Doesn't seem unreasonable to want an update on the joint development programme... Soon?
Speaking of last week:
@PulmoBioMed
We are over the moon! PulmoBioMed has won the regional TechNation Rising Stars competition and have made it to the National semi finals to be held next week. Exciting days coming, and more news soon on the data power offered by PBM-HALE!
2:43 pm · 8 Feb 2023
https://mobile.twitter.com/PulmoBioMed/status/1623331617715458048
Don't suppose the news promised soon includes DVRG? That would be good...
Northumbria Uni Twitter thread for same...:
https://twitter.com/NorthumbriaUni/status/1623693503464194049
This bit:
@PulmoBioMed
develops AI-based technology and product design for a medical device to capture and analyze exhaled breath. Exhaled breath contains a wealth of biomarkers that can detect and be used to monitor over 40 disease states. http://wwww.pulmobiomed.com
2:48 pm · 9 Feb 2023
https://twitter.com/NorthumbriaUni/status/1623695405656465411
While they were delighted to announce the news yesterday they'd previously added Tim to website.
Simple Google search of, Tim Coughlan glanaco, should return result giving access to cache of page of 30 Jan 2023 22:56:52 GMT.
30 Jan (at latest) both before yesterday and also before 6 Feb...
Making progress on the global mission to develop pandemic-fighting tools within 100 days
Posted by:Isabel Oliver, Posted on:31 January 2023 - Categories:Health security
Surveillance: It’s vitally important that we rapidly identify emerging threats, and the UK is working to strengthen global surveillance through a range of initiatives. For instance, UKHSA is scoping a potential networked surveillance capability across the UK – a potential National Biosurveillance Network- continuing to deploy our genomic sequencing capability around the world through our New Variant Assessment Platform, participating in global initiatives such as the International Pathogen Surveillance Network and continuing to scope and explore the development of wastewater surveillance.
https://ukhsa.blog.gov.uk/2023/01/31/making-progress-on-the-global-mission-to-develop-pandemic-fighting-tools-within-100-days/
Link to the Wade report showing Modern Water involvement:
https://www.swig.org.uk/wp-content/uploads/2021/10/Matthew-Wade-2022.pdf
Update on the above would be useful.
Couple of examples of staff moving on. Savings for DVRG... Both dating back to November.
https://uk.linkedin.com/in/alexander-chapman-44515317
https://ie.linkedin.com/in/eilebutler?
So after another quiet week a couple of things to note:
The guys in Italy:
Ettore Bruni
Assistenza tecnica at Nordtest srl
4d
Great to meet Jon Shepherd and @PaulRyan from Modern Water here in Nordtest srl #toxicity #waterquality
https://www.linkedin.com/posts/douglasworkman_modernwater-microtox-italy-activity-7026241633033588736-Tgs4?trk=public_profile_like_view
Company site:
https://nordtest.it/en/
Waiting for the direct flights before a trip to China?:
https://www.theguardian.com/business/2023/feb/02/british-airways-and-virgin-to-fly-daily-from-uk-to-china-again
If so can celebrate the second anniversary of the MOU...
Speaking of China, prices up there (translation by Google):
The market price of Microtox biotoxic series products and consumables is raised by 3%~8%;
The market price of Microtrace heavy metal series products, accessories and reagent consumables will increase by 3%~8%
The market price of the Environmental pollutant detection kit series is raised by 5%-7%;
The effective time of this market price adjustment is March 1, 2023;
Please contact your sales manager for the 2023 product market price list and updated product price system.
Your current offer is valid until February 28, 2023. For your in-transit order, please contact the corresponding sales manager for relevant advice.
http://www.modernwater-china.com/News-1453566.html
3-8% increases looks reasonable...
Poor mugginsthedog, if only you'd sold when I'd suggested it! And you being a significant investor and all (right? Oh well, at least you've given up on that little lie...).
How financially illiterate is mugginsthedog? Worse than Chesh...
So has the Modern Water branding been removed from building? Or was that photoshopped?
https://www.modernwater.com/wp-content/uploads/2022/05/Glanaco-15-1-600x540.jpg
https://m.facebook.com/photo.php/?fbid=640467221417349
Too much to ask that somebody in marketing ensure distributors are using correct materials on their websites. See below for example of page needing attention:
https://ankerlokken.dk/info/multi-sweep/
https://mobile.twitter.com/glanaco/status/1566778194631458816?
Shorteverything, the idiot that believed some mystery party was to be launching PD in December! Oh dear... But then if it's in an email it must be true. What a puppet you are.
Quoting below:
05 Nov 2022 18:30
T.Rat
I have heard if true need to find out but No i repeat No Distributor has ever seen a PD . Lol now imagine if that’s true . I believe the true and real machine will be launched next month by someone else . But what do i know it’s just smoke and mirrors but must be some truth in what’s been going on for 3 years .