Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMWG.L Regulatory News (MWG)

  • There is currently no data for MWG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sale of AMBC for Korea Salt Production Facility

25 Nov 2019 10:00

RNS Number : 5212U
Modern Water PLC
25 November 2019
 

 

 

 

 

Modern Water plc

 

("Modern Water", "the Company" or "the Group")

 

 

Modern Water sells its largest-ever AMBC for Korea Salt Production Facility

 

For immediate release

25 November 2019

 

 

 

Modern Water plc (AIM: MWG) is pleased to announce that it secured the sale of its largest by volume All-Membrane Brine Concentrator technology ("AMBC"), to be used in South Korea's first deep seawater salt production project. The plant will have capacity for treating approximately 13m3/h, concentrating sea water sourced from a depth of up to 600m. Salt production from seawater offers environmental benefits compared to land-based salt mining, which can result in environmental problems due to the waste it generates and the health hazards posed to salt miners.

 

The AMBC project will be executed by Modern Water, owner of leading technologies for water and wastewater treatment, in conjunction with its partner in China, Hangzhou Shangtuo Environmental Science and Technology Co., Ltd ("Sunup").

 

Simon Humphrey, CEO of Modern Water commented: "Our partnership with Sunup is capable of delivering our innovative technology directly to customers across China - and now also in Asian markets beyond China, such as South Korea. This is Modern Water's largest single AMBC plant yet and follows on from various successful plants we have designed with our partners in India and China."

 

Noah Tan, CEO of Sunup, added: "As the key process in this salt production project we will be using Modern Water's AMBC, the high saline modular concentration technology. AMBC allows our customers to achieve higher concentration levels than traditional membrane techniques and reduces the need for chemicals in salt production. AMBC is a step-change in efficiency, significantly reducing operating costs for our customers. It is also versatile and can be used across many different industries."

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

--Ends--

 

 

For further information:

 

Modern Water plc

+44-(0)20-38273439

Simon Humphrey, Chief Executive

 

 

 

 

Cairn Financial Advisers LLP (Nominated Adviser)

 

+44 (0) 207 213 0880

Sandy Jamieson / Tony Rawlinson

Ludovico Lazzaretti

 

 

 

 

Turner Pope Investments (Broker)

Andy Thacker / Zoe Alexander

 

 

+44 (0) 20 3657 0050

 

 

 

Notes to editors:

 

Modern Water is a pioneering and innovative technology company, specialising in membrane water treatment solutions and advanced monitoring products. The Company works for customers in a range of industries across the globe and owns proprietary technologies for use in a diverse range of applications. Modern Water's Monitoring Division has a portfolio of world-leading toxicity and trace metal monitoring products, some of which constitute the regulatory standard. The headline technology of the Company's Membrane Division, called "AMBC", can be used to tackle complex wastewater treatment problems at a reduced cost compared to standard processes, while being simple to operate.

www.modernwater.com

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DISLIFEALTLEFIA
Date   Source Headline
5th Jun 20174:05 pmRNSNotification of Major Interest in Shares
5th Jun 20174:02 pmRNSNotification of Major Interest in Shares
1st Jun 20171:06 pmRNSPDMR Dealing
1st Jun 20178:00 amRNSNotification of Major Interest in Shares
30th May 20177:00 amRNSPDMR Dealing
25th May 201710:46 amRNSResult of Placing
25th May 20177:00 amRNSProposed Placing
28th Apr 20171:20 pmRNSPDMR Dealings
25th Apr 201711:23 amRNSResult of AGM
25th Apr 20177:00 amRNSNew VP of Global Sales and China Sales Manager
20th Apr 20177:00 amRNSSale of Seawater Desalination Technology in China
30th Mar 20174:29 pmRNSDirector Disclosure
15th Mar 20177:00 amRNSFinal Results
6th Feb 20177:00 amRNSFirst Sale of New Brine Concentration Technology
19th Dec 20168:03 amRNSSuccessful Pilot of new Brine Technology
6th Dec 20164:48 pmRNSHolding(s) in Company
30th Nov 20167:00 amRNSChange of Adviser
14th Nov 20167:00 amRNSDirector/PDMR Shareholding
14th Nov 20167:00 amRNSDirector/PDMR Shareholding
17th Oct 20167:00 amRNSModern Water receives order commitments in China
26th Sep 20167:00 amRNSDirector/PDMR Shareholding
15th Sep 20167:00 amRNSDirector/PDMR Shareholding
14th Sep 20161:41 pmRNSDirector/PDMR Shareholding
14th Sep 20167:00 amRNSHalf-year Report
14th Jun 20163:48 pmRNSHolding(s) in Company
26th Apr 20166:05 pmRNSResult of AGM
21st Mar 20167:00 amRNSJoint commercialisation agreement
16th Mar 20167:00 amRNSFinal Results
29th Jan 201612:53 pmRNSHolding(s) in Company
28th Jan 20167:00 amRNSJoint commercialisation agreement
9th Dec 20157:00 amRNSDirectorate Change
16th Nov 20157:00 amRNSModern Water Delivers Largest Monitoring Order
16th Sep 20157:00 amRNSINTERIM RESULTS
30th Apr 201511:23 amRNSResults of AGM
9th Apr 20157:00 amRNSAppointment of Chairman
11th Mar 20157:00 amRNSFinal Results
26th Jan 20157:00 amRNSModern Water installs first Microtox CTM in USA
12th Jan 20157:00 amRNSTrading Update
18th Dec 20147:00 amRNSDirectorate Change
6th Oct 20147:00 amRNSModern Water JV appointed as preferred bidder
17th Sep 20147:00 amRNSHalf Yearly Report
11th Aug 20149:42 amRNSModern Water launches new monitor - Replacement
11th Aug 20147:00 amRNSModern Water launces new hydrocarbon monitor
29th Jul 20149:50 amRNSModern Water targets Latin American market
6th May 201411:25 amRNSDirector/PDMR Shareholding
29th Apr 20147:00 amRNSModern Water launches new immunoassay strip test
23rd Apr 201410:57 amRNSResults of AGM
22nd Apr 201411:33 amRNSDirector/PDMR Shareholding
26th Mar 20147:00 amRNSSevern Trent trials Modern Water technology
17th Mar 201410:12 amRNSModern Water installs metal monitors in Argentina

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.