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{{Infobox company
{{AFC submission|d|v|declinets=20130612234354|decliner=SarahStierch|ts=20130612172456|u=Starsend|ns=2}}
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| name = Modern Water plc
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{{Infobox Company
| traded_as = {{AIM|MWG}}
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| company_name = Modern Water plc
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| location = [[London]], [[United Kingdom]]
| company_logo = [[Image:.svg|220px]]
| key_people = Simon Humphrey, [[CEO]]
| company_type = [[Public limited company|Public]] ({{lse|MWG}})
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| revenue = [[Pound sterling|£]] 2,772 thousand (2014)
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| location = [[Guildford]], [[United Kingdom]]
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| operating_income = [[Pound sterling|£]] (17,895) thousand (2014)
| key_people = Neil McDougall, [[Chair (official)|Executive Chairman]] <br> Simon Humphrey, [[CEO]]
| net_income = [[Pound sterling|£]] (17,747) thousand (2014)
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| revenue = [[Pound sterling|£]] 3,574 thousand (2012)<ref name=AR>[http://www.modernwater.com/investors/reports-and-publications/reports-detail/items/annual-report-and-accounts-2012?file=assets/downloads/Annual%20Report/AR_2012.pdf Annual Report and Accounts 2012]</ref>
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| num_employees = 50 - 100 (2014)
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| operating_income = [[Pound sterling|£]] (5,552) thousand (2012)<ref name=AR/>
| parent = {{ubl|[[Microsaic Systems]]|{{smaller|(2024–present)}}}}
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| net_income = [[Pound sterling|£]] (5,413) thousand (2012)<ref name=AR/>
| subsid = Modern Water Services Ltd, Modern Water Monitoring Ltd, Modern Water Inc, Modern Water Technologies LLC, MW Monitoring Ltd, Surrey Aquatechnology Ltd, Modern Water Holdings Ltd, Modern Water Technology (Shanghai) Co. Ltd
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| num_employees = 50 - 100 (2012)<ref name=AR/>
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| homepage = {{URL|http://www.modernwater.com/}}
| parent =
| subsid =
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| homepage = [http://www.modernwater.com www.modernwater.com]
| footnotes =
}}
}}
'''Modern Water plc''' is a British company<ref name=gibraltar>[https://www.bloomberg.com/news/2014-10-06/modern-water-northumbrian-win-award-on-gibraltar-s-rock.html "Modern Water, Northumbrian Win Award on Gibraltar’s Rock"]. ''Bloomberg Business Week''.</ref> which was first listed on the [[Alternative Investment Market|AIM]] submarket of the [[London Stock Exchange]] on the 12 June 2007.<ref>{{Cite web |url=http://www.ipgroupplc.com/media-centre/ip-group-news/2007/2007-06-12 |title=IP Group plc - Modern Water plc first day dealings on AIM |access-date=2013-06-13 |archive-url=https://web.archive.org/web/20141125032245/http://www.ipgroupplc.com/media-centre/ip-group-news/2007/2007-06-12 |archive-date=2014-11-25 |url-status=dead }}</ref><ref>[http://www.lse.co.uk/ShareNews.asp?shareprice=MWG "Modern Water News Headlines. MWG Share News. Financial News Articles for Modern Water Plc Ord 0.25P updated throughout the day."]. Retrieved on 8 October 2014.</ref> It owns, installs and operates advanced membrane technologies and develops and supplies systems for water monitoring.


In December 2011, the company completed its acquisition of the water quality division of Strategic Diagnostics Inc. ("SDIX"), including its Microtox toxicity testing technology.<ref>[http://topics.nytimes.com/top/news/business/companies/strategic-diagnostics-inc/index.html "Special Diversified Opportunities Inc."]. ''New York Times''.</ref>
'''Modern Water''' owns, installs and operates world-leading membrane technologies and develops and supplies advanced systems for water monitoring. Managed by an executive team with impressive 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.


In January 2024, it was announced that [[Microsaic Systems]] had acquired the company.<ref>{{Cite web|url=https://thebusinessmagazine.co.uk/corporate-finance/microsaic-systems-completes-modern-water-acquisition/|title=Microsaic Systems completes Modern Water acquisition|work=The Business Magazine|access-date=2024-02-25|language=en}}</ref>
Modern Water plc was first listed on the [[Alternative Investment Market | AIM]] submarket of the [[London Stock Exchange | London Stock Exchange]] on the 12 June 2007<ref>[http://www.ipgroupplc.com/media-centre/ip-group-news/2007/2007-06-12 IP Group plc - Modern Water plc first day dealings on AIM]</ref>.


== Divisions ==
== Divisions ==

=== Membrane Process Division ===
=== Membrane Process Division ===

[[File:Modern Water FO Plant Al Khaluf Oman.jpg|thumb|Modern Water's containerised forward osmosis desalination plant at Al Khaluf, Oman]]
[[File:Modern Water FO Plant Al Khaluf Oman.jpg|thumb|Modern Water's containerised forward osmosis desalination plant at Al Khaluf, Oman]]
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The Membrane Process division uses its world-leading [[Forward osmosis | Forward Osmosis]] (FO) technology platform in a number of membrane processes including: [[ Desalination | desalination]], [[Cooling tower | evaporative cooling systems]], [[enhanced oil recovery | enhanced oil recovery]] and [[Osmotic power | hydro osmotic power]] (HOP).


⚫
Modern Water has developed a number of [[Forward osmosis|Forward Osmosis]] (FO) membrane processes including: [[desalination]], [[Cooling tower|evaporative cooling systems]], [[enhanced oil recovery]] and [[Osmotic power|hydro osmotic power]] (HOP).
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=== Monitoring Division ===
The Monitoring division has developed some of the world’s most advanced systems for monitoring and improving water quality. It brings together Modern Water’s market-leading acute toxicity monitoring systems for online, portable and lab use with global environmental and process monitoring products and technologies.


Modern Water has deployed [[Forward osmosis|Forward Osmosis]]<ref>[http://www.surrey.ac.uk/cpe/files/The%20Most%20Promising%20Desalination%20Technology%20Developed%20by%20Modern%20water%20and%20Surrey%20Scientists.pdf "The Most Promising Desalination Technology Developed by Modern water and Surrey Scientists". ''University of Surrey''.]</ref> as a platform technology to produce both desalinated water
== Directors ==
<ref>{{cite conference |url=https://www.osmotic-engineering.com/wp-content/uploads/2019/08/PER11-198.pdf|title= Forward Osmosis Desalination: A Commercial Reality|author1=Thompson N.A. |author2=Nicoll P.G. |date= September 2011|publisher= International Desalination Association}}</ref> and evaporative cooling make-up water
,<ref>{{cite conference |url=https://www.osmotic-engineering.com/wp-content/uploads/2019/08/PER11-199.pdf|title= Manipulated Osmosis Applied To Evaporative Cooling Make-Up Water – Revolutionary Technology|author1=Nicoll P.G. |author2=Thompson N.A. |author3=Bedford M.R. |date= September 2011|publisher= International Desalination Association}}</ref><ref>{{cite conference |title= Forward Osmosis Applied to Evaporative Cooling Make-up Water|author1=Peter Nicoll |author2=Neil Thompson |author3=Victoria Gray |date= February 2012|publisher= Cooling Technology Institute}}</ref> with sites in [[Oman]]<ref>{{cite news|title=Modern Water taps demand in Middle East|url=https://www.independent.co.uk/news/business/sharewatch/small-talk-modern-water-taps-demand-in-middle-east-1826064.html |archive-url=https://ghostarchive.org/archive/20220515/https://www.independent.co.uk/news/business/sharewatch/small-talk-modern-water-taps-demand-in-middle-east-1826064.html |archive-date=2022-05-15 |url-access=subscription |url-status=live|newspaper=The Independent|date=23 Nov 2009}}</ref><ref>{{cite news|last=Frewin|first=Jonathan|title=Gulf region seeks to shake desalination reliance|work=BBC News |url=https://www.bbc.co.uk/news/business-19769041}}</ref> and at a pilot plant in [[Gibraltar]].<ref>{{cite news|last=Dawber|first=Alistair|title=Modern Water aims to clean up by osmosis|url=https://www.independent.co.uk/news/business/sharewatch/small-talk-modern-water-aims-to-clean-up-by-osmosis-872919.html |archive-url=https://ghostarchive.org/archive/20220515/https://www.independent.co.uk/news/business/sharewatch/small-talk-modern-water-aims-to-clean-up-by-osmosis-872919.html |archive-date=2022-05-15 |url-access=subscription |url-status=live|accessdate=14 June 2013|newspaper=The Independent|date=21 July 2008}}</ref> In 2014, Modern Water is the only company in the world with a commercial<ref>[http://www.edie.net/news/4/First-commercial-forward-osmosis-desalination-plant-contract-awarded/20178/ First commercial forward osmosis desalination plant contract awarded]</ref> Forward Osmosis plant which is located in Al Najdah in [[Oman]]. Construction of the plant was completed<ref>{{cite journal|title=Modern Water commissions Al Najdah FO plant|doi=10.1016/S0958-2118(12)70202-1|year=2012|journal=Membrane Technology|volume=2012|issue=10|pages=4}}</ref><ref>{{Cite web |url=http://www.desalination.com/wdr/48/35/municipal-fo-produces-potable |title=Water Desalination Report, Volume 48, Issue 35 |access-date=2013-06-14 |archive-url=https://web.archive.org/web/20130805015708/http://www.desalination.com/wdr/48/35/municipal-fo-produces-potable |archive-date=2013-08-05 |url-status=dead }}</ref> in September 2012 and it is now being operated by Modern Water.


In March 2010, [[National Geographic (magazine)|National Geographic]]<ref>{{cite journal|title=The Big Idea|journal=National Geographic| date=March 2010 |url=http://ngm.nationalgeographic.com/big-idea/09/desalination-pg2|archive-url=https://web.archive.org/web/20100328021244/http://ngm.nationalgeographic.com/big-idea/09/desalination-pg2|url-status=dead|archive-date=March 28, 2010|accessdate=14 June 2013}}</ref> magazine cited forward osmosis as one of three technologies that promised to reduce the energy requirements of desalination.
'''Neil McDougall - Executive Chairman''' <ref name=AR/>


In 2013, Modern Water contracted to build desalination projects in China,<ref>[http://www.desalination.biz/news/news_story.asp?id=7347 "Modern Water set for first FO desalination plant in China"]. Retrieved on 8 October 2014.</ref><ref>[http://www.investorschronicle.co.uk/2013/12/17/tips-and-ideas/share-tips/tips-of-the-week/modern-water-inks-deals-Mo1ERKGkDrOPXnkkrfQ8UJ/article.html "Investors Chronicle - Modern Water inks deals"]. Retrieved on 8 October 2014.</ref><ref>[https://www.bloomberg.com/news/2013-12-02/modern-water-wins-china-deals-as-forward-osmosis-pioneer-expands.html "Modern Water’s China Deals Buoy Forward-Osmosis Pioneer"]. ''Bloomberg''. 2 December 2013. Retrieved on 8 October 2014.</ref> which require more water in some areas for drinking and for irrigation.<ref>[http://www.waterworld.com/articles/2012/12/forward-osmosis-is-china-next-to-shake-up-the-desalination-sector.html "Forward osmosis: is China next to shake up the desalination sector?"]. 4 December 2012. Retrieved on 8 October 2014.</ref> One of the company's main competitors in Asia is Consolidated Water.<ref>[http://www.dailyfinance.com/2014/02/08/chinas-battle-for-water-is-heating-up/ "China's Battle for Water is Heating Up"]. ''DailyFinance.com''. 8 February 2014. Retrieved on 8 October 2014.</ref>
Neil McDougall, who qualified as a chartered accountant, is a co-founder of the Group. As Executive Chairman, his main focus is to deliver value to the Company’s shareholders by shaping Modern Water’s growth strategy. He is also responsible for maintaining Modern Water’s relationship with the City. Neil is Chairman of Delagua and Delagua Health. Formerly Neil was Chairman of Mid Kent Water Group plc and Chairman and CEO of Cascal NV and a director of Biwater plc. Neil has worked extensively with private equity investors and infrastructure funds and other financial institutions.


Following the success of its Gibraltar forward osmosis pilot plant,<ref>[http://www.envirotech-online.com/news/water-wastewater/9/modern_water/desalination_technology_is_up_for_nomination_in_the_longitude_prize_2014/30134/ "Desalination Technology is up for Nomination in The Longitude Prize 2014"]. ''Environmental Technology Online''.</ref> In 2014, Modern Water and Northumberland Services signed a 22 million pound, 20-year contract to build and operate a wastewater plant on the rock of Gibraltar.<ref name=gibraltar /><ref>[http://www.water-technology.net/news/newsnorthumbrian-water-and-modern-water-jv-to-build-wastewater-treatment-facility-in-gibraltar-4396478 "Northumbrian Water and Modern Water JV to build wastewater treatment facility in Gibraltar"]. ''Water-Technology''.</ref>
'''Simon Humphrey - Chief Executive Officer''' <ref name=AR/>


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=== Monitoring Division ===
Simon Humphrey is a co-founder of the Company and has been CEO since Modern Water’s inception in December 2006. Simon oversees the day-to-day running of Modern Water, ensuring the Company and its investments progress successfully. He brings a host of water industry and capital investment experience to the role, and travels to Modern Water’s sites internationally to ensure their smooth operation.


The Monitoring division develops systems for monitoring and improving water quality. It provides acute toxicity monitoring systems for online, portable and lab use, together with on-line and portable trace metal measurement technology. Modern Water has installed its systems in various countries worldwide, from local installations in the UK<ref>[http://www.water-technology.net/features/featuremarchs-top-stories-severn-trent-water-selects-ova7000-thames-water-seeks-investors-4208731/ "Severn Trent Water selects OVA7000 water monitoring tool"]. ''Water-Technology''.</ref> and as far away as Argentina.
'''Michael Gradon - Senior Independent Non-executive Director''' <ref name=AR/>

Michael has over 25 years’ experience in senior commercial, management and legal positions. He spent 20 years at P&O and was a main board director for eight years until its takeover in 2006 by Dubai Ports World. His roles included group commercial and legal director, Chairman of P&O’s property business and Chief Executive Officer of its largest infrastructure project. He is a Non-executive Director of Exclusive Hotels, of Grosvenor Limited and of Aercap Holdings NV and a member of the committee of the All England Lawn Tennis Club and the Wimbledon Championships.

'''Mike Townend - Non-executive Director''' <ref name=AR/>

Mike is the Chief Investment Officer at IP Group plc. He joined the IP Group's board as head of Capital Markets in 2007 from Lehman Brothers where he was Managing Director of European Equities and Head of Equity Sales to Hedge Funds. He has 20 years’ experience in equity capital markets and investment process and was also a key member of the senior relationship management programme at Lehman Brothers. Prior to this, he was an Executive Director at Donaldson, Lufkin and Jenrette with responsibility primarily for building the bank’s business with hedge funds and alternatives. Mike has sourced, co-led or led numerous private and public transactions. He is the IP Group representative on the boards of Modern Water plc, Evocutis plc and Revolymer plc. He is also a Non-executive Director of Green Urban Transport Ltd.

'''Robert Clarke - Non-executive Director''' <ref name=AR/> <ref>[http://hsstag.investis.com/ir/mwg/ir.jsp?page=news-item&item=432647088122618 Board Changes - 17 June 2010]</ref>

Robert, who qualified as a chartered accountant, has worked in the private equity industry for more than 20 years, first at Electra Partners and subsequently as a founding partner of Motion Equity Partners. Since leaving Motion Equity Partners in 2008 he has focused on using his experience to assist a variety of businesses in their development.


== References ==
== References ==


{{reflist}}

{{Reflist}}

<references />


== External links ==
== External links ==

* [http://www.modernwater.com/ Modern Water plc Home Page]
* [http://www.modernwater.com/ Modern Water plc Home Page]
*{{lse|MWG}}
*[http://www.modernwater.com/investors/reports-and-publications/reports-detail/items/annual-report-and-accounts-2014?file=assets/downloads/Annual%20Report/MW%20Annual%20Report%202014%20FINAL.pdf Annual Report and Accounts 2014]
*[http://www.modernwater.com/investors/reports-and-publications/reports-detail/items/annual-report-and-accounts-2013?file=assets/downloads/Annual%20Report/MW%20Annual%20Report%202013%20FINAL.pdf Annual Report and Accounts 2013]
⚫
*[http://www.modernwater.com/investors/reports-and-publications/reports-detail/items/annual-report-and-accounts-2012?file=assets/downloads/Annual%20Report/AR_2012.pdf Annual Report and Accounts 2012]


{{Authority control}}


[[Category:Companies listed on the Alternative Investment Market]]

[[:Category:Articles created via the Article Wizard]]
[[Category:Companies based in Guildford]]
[[Category:Water companies of England]]

[[Category:2024 mergers and acquisitions]]

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Latest revision as of 20:16, 25 February 2024

Modern Water plc
AIM: MWG
HeadquartersLondon, United Kingdom
Key people
Simon Humphrey, CEO
Revenue£ 2,772 thousand (2014)
£ (17,895) thousand (2014)
£ (17,747) thousand (2014)
Number of employees
50 - 100 (2014)
Parent
SubsidiariesModern Water Services Ltd, Modern Water Monitoring Ltd, Modern Water Inc, Modern Water Technologies LLC, MW Monitoring Ltd, Surrey Aquatechnology Ltd, Modern Water Holdings Ltd, Modern Water Technology (Shanghai) Co. Ltd
Websitewww.modernwater.com

Modern Water plc is a British company[1] which was first listed on the AIM submarket of the London Stock Exchange on the 12 June 2007.[2][3] It owns, installs and operates advanced membrane technologies and develops and supplies systems for water monitoring.

In December 2011, the company completed its acquisition of the water quality division of Strategic Diagnostics Inc. ("SDIX"), including its Microtox toxicity testing technology.[4]

In January 2024, it was announced that Microsaic Systems had acquired the company.[5]

Divisions

[edit]

Membrane Process Division

[edit]
Modern Water's containerised forward osmosis desalination plant at Al Khaluf, Oman

Modern Water has developed a number of Forward Osmosis (FO) membrane processes including: desalination, evaporative cooling systems, enhanced oil recovery and hydro osmotic power (HOP).

Modern Water has deployed Forward Osmosis[6] as a platform technology to produce both desalinated water [7] and evaporative cooling make-up water ,[8][9] with sites in Oman[10][11] and at a pilot plant in Gibraltar.[12] In 2014, Modern Water is the only company in the world with a commercial[13] Forward Osmosis plant which is located in Al Najdah in Oman. Construction of the plant was completed[14][15] in September 2012 and it is now being operated by Modern Water.

In March 2010, National Geographic[16] magazine cited forward osmosis as one of three technologies that promised to reduce the energy requirements of desalination.

In 2013, Modern Water contracted to build desalination projects in China,[17][18][19] which require more water in some areas for drinking and for irrigation.[20] One of the company's main competitors in Asia is Consolidated Water.[21]

Following the success of its Gibraltar forward osmosis pilot plant,[22] In 2014, Modern Water and Northumberland Services signed a 22 million pound, 20-year contract to build and operate a wastewater plant on the rock of Gibraltar.[1][23]

Monitoring Division

[edit]

The Monitoring division develops systems for monitoring and improving water quality. It provides acute toxicity monitoring systems for online, portable and lab use, together with on-line and portable trace metal measurement technology. Modern Water has installed its systems in various countries worldwide, from local installations in the UK[24] and as far away as Argentina.

References

[edit]
  1. ^ a b "Modern Water, Northumbrian Win Award on Gibraltar’s Rock". Bloomberg Business Week.
  2. ^ "IP Group plc - Modern Water plc first day dealings on AIM". Archived from the original on 2014-11-25. Retrieved 2013-06-13.
  3. ^ "Modern Water News Headlines. MWG Share News. Financial News Articles for Modern Water Plc Ord 0.25P updated throughout the day.". Retrieved on 8 October 2014.
  4. ^ "Special Diversified Opportunities Inc.". New York Times.
  5. ^ "Microsaic Systems completes Modern Water acquisition". The Business Magazine. Retrieved 2024-02-25.
  6. ^ "The Most Promising Desalination Technology Developed by Modern water and Surrey Scientists". University of Surrey.
  7. ^ Thompson N.A.; Nicoll P.G. (September 2011). Forward Osmosis Desalination: A Commercial Reality (PDF). International Desalination Association.
  8. ^ Nicoll P.G.; Thompson N.A.; Bedford M.R. (September 2011). Manipulated Osmosis Applied To Evaporative Cooling Make-Up Water – Revolutionary Technology (PDF). International Desalination Association.
  9. ^ Peter Nicoll; Neil Thompson; Victoria Gray (February 2012). Forward Osmosis Applied to Evaporative Cooling Make-up Water. Cooling Technology Institute.
  10. ^ "Modern Water taps demand in Middle East". The Independent. 23 Nov 2009. Archived from the original on 2022-05-15.
  11. ^ Frewin, Jonathan. "Gulf region seeks to shake desalination reliance". BBC News.
  12. ^ Dawber, Alistair (21 July 2008). "Modern Water aims to clean up by osmosis". The Independent. Archived from the original on 2022-05-15. Retrieved 14 June 2013.
  13. ^ First commercial forward osmosis desalination plant contract awarded
  14. ^ "Modern Water commissions Al Najdah FO plant". Membrane Technology. 2012 (10): 4. 2012. doi:10.1016/S0958-2118(12)70202-1.
  15. ^ "Water Desalination Report, Volume 48, Issue 35". Archived from the original on 2013-08-05. Retrieved 2013-06-14.
  16. ^ "The Big Idea". National Geographic. March 2010. Archived from the original on March 28, 2010. Retrieved 14 June 2013.
  17. ^ "Modern Water set for first FO desalination plant in China". Retrieved on 8 October 2014.
  18. ^ "Investors Chronicle - Modern Water inks deals". Retrieved on 8 October 2014.
  19. ^ "Modern Water’s China Deals Buoy Forward-Osmosis Pioneer". Bloomberg. 2 December 2013. Retrieved on 8 October 2014.
  20. ^ "Forward osmosis: is China next to shake up the desalination sector?". 4 December 2012. Retrieved on 8 October 2014.
  21. ^ "China's Battle for Water is Heating Up". DailyFinance.com. 8 February 2014. Retrieved on 8 October 2014.
  22. ^ "Desalination Technology is up for Nomination in The Longitude Prize 2014". Environmental Technology Online.
  23. ^ "Northumbrian Water and Modern Water JV to build wastewater treatment facility in Gibraltar". Water-Technology.
  24. ^ "Severn Trent Water selects OVA7000 water monitoring tool". Water-Technology.
[edit]
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