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Company Information for Modern Water plc

Company stock charts - 12 Month chart

Exchange AIM; MWG


View full financial data

Company Statement

Modern Water was established to build and exploit a portfolio of water technologies to address problems of the availability of freshwater and the treatment and disposal of wastewater. By 2025 it is forecast that two thirds of the world’s population will live in countries classified as water stressed. Climate change is likely to further exacerbate this situation.

Managed by an executive team which has long experience in the water industry, Modern Water is at the leading edge of new and important technology, which is vital to the future sustainability of the world’s most precious commodity.

Modern Water currently has three investments in its portfolio:

Surrey Aqua Technology
Poseidon Water
CYMTOX

We are actively investigating other investment opportunities in line with our strategic focus on water solutions.


Current Operations

Surrey Aqua Technology

Surrey Aqua Technology has developed pioneering technology to purify saltwater and other liquid in an efficient and cost-effective manner.

With the ability to significantly reduce the cost of desalination for both existing and new plants, Surrey Aqua expects to be able to capture a considerable share of the desalination market.

Modern Water has a majority stake in Surrey Aqua.

Poseidon Water

Poseidon Water has developed systems based on the use of seawater for the treatment of wastewater. With an expectation of saving about 30% of freshwater consumption in the process, Poseidon systems will add considerably to the handling of wastewater in environmentally sensitive, coastal and water stressed areas. The Mediterranean coast, Florida and Australia exemplify the type of potential sites where Poseidon’s process could provide valuable solutions across a range of benefits.

Modern Water owns 51% of Poseidon Water

CYMTOX

CYMTOX technology monitors acute water toxicity on a continuous, real-time basis, like a modern day canary. Its monitoring device constantly checks the presence of water borne toxins and warns of suspicious changes. The core technology, based on the well-established science of bioluminescence, can identify to 1/0000th of a lethal dose of cyanide in three seconds. Conventional available products can take up to two hours to do the same.

Targeting a wide-range of industries, consumer products, water supply and distribution systems, CYMTOX is 16.65% owned by Modern Water.



Board of Directors and Key Management

Executive Directors
Executive Chairman Neil McDougall
Chief Executive Officer Simon Humphrey
Chief Scientific Officer Dr Gerald Jones
Non-Executive Directors
Michael Gradon Senior independent Non-executive Director
Trevor Jones
Paul Shepherd
Mike Townend

Company Address

24 Cornhill
London, London, United Kingdom EC3V 3ND

Telephone:+44 0845 074 2929
Facsimile:+44 0845 074 2928
Email:inf[at]modernwater.co.uk
Website:http://www.modernwater.co.uk

Capital

Number of Ordinary Shares in issue on Admission 58,862,685

Nominated Brokers

KBC Peel Hunt Ltd

Nominated Advisors

KBC Peel Hunt Ltd

Related News

20/06/07 - Modern Water Aims To Capitalise On Its Technologies To Clean up Sea and Waste Water

Most Recent Statement

03/10/07 - Modern Water invests in new purification technology, bolsters management and advances business plan
30/08/07 - Interim Results for 7 months to 30 June 2007
31/07/07 - Modern Water appoints Business Development Director
11/06/07 - First Day of Dealing & Admission to Trading on AIM

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