10 Jul 2013 07:00
10 July 2013
Modern Water plc
("Modern Water" or "the Group")
MODERN WATER SIGNS NEW PRODUCT DEVELOPMENT CONTRACT
Modern Water plc (AIM:MWG), the owner of leading water technologies for the production of fresh water and monitoring of water quality, has entered into a new substantial product development contract with global agrochemical company United Phosphorous Inc. (UPI). Under the contract Modern Water will develop and supply a new herbicide testing system.
The new test system will detect Endothall, an aquatic herbicide used in rivers, streams, irrigation canals, lakes and other waterways to control Hydrilla and other vegetation. Endothall was first synthesised in 1928 and has since been used extensively for aquatic weed control. Development of the test system will focus on increased portability and obtaining near instant results when in the field.
This contract is part of a 13 year collaboration between UPI and Modern Water's monitoring division involving the development and production of testing products and will provide UPI with an exclusive license to use and distribute the new test kits.
Modern Water's CEO, Simon Humphrey, commented: "We are very pleased to continue working with UPI, one of the world's fastest growing agrochemical companies, and look forward to providing UPI with a new high quality, rapid test kit."
Gerald Adrian, Business Manager for UPI's Aquatics Division, commented: "We are excited about having a field test that will provide us with practically instant results with very good accuracy. This has been needed for some time, and Modern Water has developed the technology we need."
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For further information | |
Modern Water plc | |
Hazel Arnold | Tel: +44 (0)1483 696000 |
Group Marketing Manager | hazel.arnold@modernwater.co.uk |
Or | |
Headland | |
Tom Gough or Tom James | Tel: +44 (0)20 7367 5228 |
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Notes to editors
Modern Water owns, installs and operates world-leading membrane technology and develops and supplies advanced systems for water monitoring. Its shares trade on the Alternative Investment Market of the London Stock Exchange.
Modern Water's patented forward osmosis (FO) technology's benefits include lower energy consumption and lessen environmental impact in a variety of industries. With a sales presence in almost 60 countries, the Group's Monitoring Division includes a leading real-time continuous toxicity monitor and trace metal analysers for monitoring the quality of drinking water.
www.modernwater.com
MWG.L (MWG)