11 May 2020 07:00
AIM share code: MWG
11 May 2020
Modern Water PLC
("Modern Water" or "Company")
Modern Water's new analyser Microtox LX is finalist in Chinese scientific instrument award
Modern Water is pleased to announce that the newest laboratory biotoxicity analyser, Microtox LX[i], has been announced as a "Scientific Instrument Excellent New Product" award finalist by the Chinese first scientific instrument professional portal (Instrument.com.cn). The winner will be announced in a virtual ceremony of the Instrument Information Network on May 20, 2020.
The "Scientific Instrument Excellent New Product" selection event is held once a year. Microtox LX was originally shortlisted to 344 instruments, in August 2019 by a panel of experts, from more than 9,000 new instruments out of nearly 1500 companies.
Simon Humphrey CEO of Modern Water commented:
"We are honoured to receive such recognition in China for the latest Microtox LX laboratory analyser, adding to our 30 year gold standard legacy of Microtox water contamination testing around the world. Revenues for the laboratory instrument and apparatus industry in China over the five years through 2018, has grown at an annualised rate of 8.7% to $32.7 billion[ii]. Confirmation that the board expect the Microtox range of instruments and consumables to continue to grow in demand on the back of the COVID19 public health crisis under the direction of the Chinese Ministry of Ecology[iii]."
Modern Water plc | Simon Humphrey, CEO
| +44 (0)20 3827 3439 |
Turner Pope Investments (TPI) Limited (Broker) | Andy Thacker / Zoe Alexander | +44 (0) 20 3621 4120 |
About Modern Water plc
Modern Water was established in 2006 to develop and commercialise water recovery technologies to counter water crisis problems arising from climate change and a growing global population. Having invested £20m over the last 14 years, the results comprise of a robust patent portfolio of cutting edge technology, focused on monitoring of contaminated water and decontamination of wastewater, making recycling of water more efficient. Six countries across the world have legislated that Modern Water monitoring test systems are written into their environmental protection legislation.
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[i] https://www.modernwater.com/monitoring/products/toxicity
[ii] https://www.ibisworld.com/china/market-research-reports/lab-instrument-apparatus-manufacturing-industry/
[iii] http://www.mee.gov.cn/xxgk2018/xxgk/xxgk15/202001/t20200131_761095.html