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{{Infobox company
{{Infobox company
| name = Modern Water plc
| name = Modern Water plc
| logo =
| type = [[Public limited company|Public]]
| traded_as = {{AIM|MWG}}
| traded_as = {{AIM|MWG}}
| location = [[Guildford]], [[United Kingdom]]
| location = [[London]], [[United Kingdom]]
| key_people = Simon Humphrey, [[CEO]]
| key_people = Simon Humphrey, [[CEO]]
| revenue = [[Pound sterling|£]] 2,772 thousand (2014)
| revenue = [[Pound sterling|£]] 2,772 thousand (2014)
Line 10: Line 8:
| net_income = [[Pound sterling|£]] (17,747) thousand (2014)
| net_income = [[Pound sterling|£]] (17,747) thousand (2014)
| num_employees = 50 - 100 (2014)
| num_employees = 50 - 100 (2014)
| parent = {{ubl|[[Microsaic Systems]]|{{smaller|(2024–present)}}}}
| parent =
| 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
| 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
| homepage = [http://www.modernwater.com www.modernwater.com]
| homepage = {{URL|http://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.

⚫
'''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>[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><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>
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>

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>


== Divisions ==
== Divisions ==
Line 30: Line 28:
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
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
<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/PER11-198.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 |url=|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|newspaper=The Independent|date=23 Nov 2009}}</ref><ref>{{cite web|last=Frewin|first=Jonathan|title=Gulf region seeks to shake desalination reliance|url=https://www.bbc.co.uk/news/business-19769041|publisher=BBC}}</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|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>[http://www.desalination.com/wdr/48/35/municipal-fo-produces-potable Water Desalination Report, Volume 48, Issue 35]</ref> in September 2012 and it is now being operated by Modern 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|accessdate=14 June 2013}}</ref> magazine cited forward osmosis as one of three technologies that promised to reduce the energy requirements of desalination.
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.


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>
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>
Line 52: Line 50:
*[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-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]
*[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:Companies listed on the Alternative Investment Market]]
[[Category:Companies based in Guildford]]
[[Category:Companies based in Guildford]]
[[Category:Water companies of England]]
[[Category:2024 mergers and acquisitions]]

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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