MWG.L Regulatory News (MWG)

14 Jan 2008 07:00

Modern Water PLC14 January 2008 Press Release 14 January 2008 Modern Water appoints Technical Director Modern Water plc ("Modern Water" or "the Group") today announces the appointmentof Peter Nicoll as Technical Director, responsible for the delivery oftechnology in the Group's projects. Peter joins from Fichtner Consulting Engineers Ltd where he was Director ofBusiness Development, responsible for heading up the business development andsales functions. He has a wealth of experience leading and motivatingmulti-disciplined technical and commercial teams; the design and operation oflarge desalination plants; and business development and sales of capitalequipment and professional services throughout the world. Peter will be responsible for the delivery of imminent projects, as Modern Waterfocuses on the implementation and roll out of its portfolio of water relatedtechnologies. Neil McDougall, Executive Chairman of Modern Water, said: "Peter's appointment is a huge coup for Modern Water. We are delighted tobenefit from his experience delivering success for major players in both thedesalination and renewable energy sectors. He joins at a very exciting time forthe Group and will be instrumental in the delivery of technology, as we drivethe achievement of our strategic and operational objectives forward." ENDS For further information, please contact: Modern WaterNeil McDougall 07740 930 303 HeadLand ConsultancyDudley White 020 7367 5226Tom Gough 020 7367 5228 KBC Peel Hunt Ltd, Nominated Adviser and Broker 020 7418 8900Jonathan MarrenOliver Stratton www.modernwater.co.uk Notes to editors * Modern Water listed on the London Stock Exchange AIM market in June 2007having raised £30m. * The Group was established to build and exploit a portfolio of watertechnologies to address problems of the availability of freshwater and thetreatment and disposal of wastewater. * The Group is initially concentrating on two distinct approaches to the watermarket being: (i) desalination; and (ii) the substitution of fresh water withsea water or recycled water for certain non-potable uses. * The Group's strategy is to acquire key stakes in appropriate technologieswithin these areas and to date has made investments in Surrey AquatechnologyLimited and Poseidon Water Limited. The Group also has an investment in CymtoxLimited. This information is provided by RNS The company news service from the London Stock Exchange