MWG.L Regulatory News (MWG)

AIM share code: MWG

20 May 2020

Modern Water PLC

("Modern Water" or "Company")

Modern Water Microtox LX declared winner in China laboratory instrument award

Modern Water's newest laboratory biotoxicity analyser, Microtox LX[i], has been announced the Winner of the "Scientific Instrument Excellent New Product" award by the Chinese first scientific instrument professional portal (Instrument.com.cn). The winner was announced in a virtual ceremony of the Instrument Information Network.

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 1,500 companies.

Simon Humphrey CEO of Modern Water commented:

"Following two years of development and launching in 2019, we are delighted to have received such auspicious recognition with this top award in China for our latest Microtox range of laboratory equipment. Having a sales and support team in Shanghai, China is important and builds on more than 30 years of the Microtox water contamination testing brand. This award highlights the importance of water contamination, especially during the COVID-19 global health crisis.

"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]. The board expects 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]."

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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