30 Sep 2020 07:28
AIM share code: MWG
30 September 2020
Modern Water PLC
("Modern Water" or "Company")
Statement re announcement by Integumen
Modern Water is pleased to note that Integumen plc ("Integumen"), the Company's reagent production agency and sales support partner, has announced that it has signed a Memorandum of Understanding to enter a 3-year Framework Agreement (the "Framework Agreement") with the WaterRising Institute. The Framework Agreement covers the supply of $500,000 of equipment, consumables and services from ecowaterOS partners, which includes Modern Water, for the management and real-time monitoring of water quality, initially in the Great Lakes basin region of Michigan.
The text of the Integumen announcement is reproduced below:
Integumen PLC (to be renamed DeepVerge plc)
("Integumen" or "Company")
First COVID19 detection agreement for Detroit MI and Fresh Water in Great Lakes, USA
Integumen and Water Rising Institute in 3-year Great Lakes water contamination detection Project
Deployment of Microtox® PD and Microtox® BT Novel Sensors for identification of pathogenic virusesincluding SARS-CoV-2
Integumen announces that it has signed an Memorandum of Understanding ("MoU") with Water Rising Institute, a Non Profit Organization in Detroit, Michigan, USA, to enter a legally binding three year Framework Agreement ("Agreement") to be executed on or before the 18 November 2020 for the supply of $500,000 of equipment, consumables and services from ecowaterOS partners, for the management and real-time monitoring of water quality, initially in the Great Lakes basin region of Michigan.
WaterRising Institute is a women-led nonprofit that accelerates real-time and sustainable management of water. WaterRising aims to develop a state-of-the-art early warning system for water quality monitoring, that provides real time alerts, enabling the local authorities to identify the source of their pollutants, while protecting their citizens.
Under the proposed Agreement Integumen will act for and on behalf of the Consortium Parties of ecowaterOS technologies in the USA, EU and associated states under the European Neighbourhood Policy who provide products and services. The appointment to manage the water systems will continue for three years, with an initial trial period of six months, and an annual renewal thereafter.
Integumen will act as WaterRising's agent to design, build, install and supervise the Detroit River AI Water Quality Project ('DRAWQ[i]'). The DRAWQ project consists of a Consortium Parties of ecowaterOS technologies in the USA, EU and associated states under the European Neighbourhood Policy. Monitoring products will include ecowaterOS partner's HydrolightTM , RAWTest TM , Microtox®, OVA®, PDV®, RaPID Assay®, EnviroGard®, EnSys®, QuickChek®, AlgaeChek®, BODChek®, PetroChek®. Integumen's Microtox® PD and Microtox® BT Novel Sensors will be used for the identification of pathogenic viruses including SARS-CoV-2.
Gerard Brandon CEO Integumen plc commented:
"WaterRising Institute is an inspiring consortium driving recognition of the importance of clean water and we are delighted to be working alongside them in the DRAWQ Project. More than 35 million people rely on the Great Lakes for drinking water, jobs and their way of life and right now there are 90 Million Cases of Recreational Waterborne Illness Per Year [ii] , clearly demonstrating the need to rejuvenate the river. This work will enable Detroit to become the center of excellence for technology and systems for the measuring of water quality and we are proud to be a part of this drive for environmental change."
Alicia Douglas, President of Water Rising Institute comments:
"We are excited to be partnering with Integumen, as we are directly aligned on our goals to bring innovation and technology to the infrastructure of our water systems, to protect our people and our planet. The DRAWQ project launches this much needed real-time AI technology in Detroit, MI. WaterRising Institute will then help to spread this and many other real-time water monitoring and warning solutions to other parts of the US and the world"
[i]DRAWQ: Detroit River AI Water Quality
[ii]https://ehjournal.biomedcentral.com/articles/10.1186/s12940-017-0347-9
Contacts:
Modern Water plc | Simon Humphrey, CEO
| +44 (0)20 3827 3439 |
Cairn Financial Advisers LLP (Nominated Adviser)
| Sandy Jamieson Liam Murray Ludovico Lazzaretti
| +44 (0)20 7213 0880 |
Turner Pope Investments (TPI) Limited (Broker) | Andy Thacker / Zoe Alexander | +44 (0)20 3657 0050 |
About Modern Water
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 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.