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Modern Water

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Modern Water plc
Company typePublic (LSEMWG)
HeadquartersGuildford, United Kingdom
Key people
Neil McDougall, Executive Chairman
Simon Humphrey, CEO
Revenue£ 3,574 thousand (2012)
£ (5,552) thousand (2012)
£ (5,413) thousand (2012)
Number of employees
50 - 100 (2012)
SubsidiariesModern Water Services Ltd, Modern Water Monitoring Ltd, Modern Water Inc, Modern Water Technologies LLC, MW Monitoring Ltd, Surrey Aquatechnology Ltd
Websitewww.modernwater.com

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

In December 2011, the company completed[2] its acquisition of the water quality division of Strategic Diagnostics Inc. ("SDIX"), including its Microtox® toxicity testing technology.

Divisions

Membrane Process Division

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[3] as a platform technology to produce both desalinated water and evaporative cooling make-up water[4][5], with sites in Oman[6][7] and Gibraltar[8] . In 2014, Modern Water is the only company in the world with a commercial[9] Forward Osmosis plant which is located in Al Najdah in Oman. Construction of the plant was completed[10] [11] in September 2012 and it is now being operated by Modern Water.

In March 2010, National Geographic[12] 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.[13][14][15]

Monitoring Division

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.

Directors

Neil McDougall, a chartered accountant, is a co-founder and Executive Chairman. Simon Humphrey is a co-founder of the Company and has been CEO since Modern Water’s inception in December 2006. Michael Gradon is Senior Independent Non-executive Director and Mike Townsend, Chief Investment Officer at IP Group plc, is Non-executive Director. Robert Clarke is also Non-executive Director.

References

[16] [17] [18] [19]

  1. ^ IP Group plc - Modern Water plc first day dealings on AIM
  2. ^ Modern Water completes acquisition of Microtox
  3. ^ 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.
  4. ^ Nicoll P.G., Thompson N.A., Bedford M.R. (September 2011). "Manipulated Osmosis Applied To Evaporative Cooling Make-Up Water – Revolutionary Technology" (PDF). Proceedings of the IDA World Congress. Perth, Western Australia: International Desalination Association. {{cite conference}}: Unknown parameter |booktitle= ignored (|book-title= suggested) (help)CS1 maint: multiple names: authors list (link)
  5. ^ Peter Nicoll, Neil Thompson, Victoria Gray (February 2012). Forward Osmosis Applied to Evaporative Cooling Make-up Water (PDF). Cooling Technology Institute.{{cite conference}}: CS1 maint: multiple names: authors list (link)
  6. ^ "Modern Water taps demand in Middle East". The Independent. 23 Nov. 2009. {{cite news}}: Check date values in: |date= (help)
  7. ^ Frewin, Jonathan. "Gulf region seeks to shake desalination reliance". BBC.
  8. ^ Dawber, Alistair (21 July 2008). "Modern Water aims to clean up by osmosis". The Independent. Retrieved 14 June 2013.
  9. ^ First commercial forward osmosis desalination plant contract awarded
  10. ^ "Modern Water commissions Al Najdah FO plant". Membrane Technology. 2012 (10): 4. 2012. doi:10.1016/S0958-2118(12)70202-1.
  11. ^ Water Desalination Report, Volume 48, Issue 35]
  12. ^ "The Big Idea". National Geographic. 2010. Retrieved 14 June 2013. {{cite journal}}: Unknown parameter |month= ignored (help)
  13. ^ "Investors Chronicle - Modern Water inks deals". Retrieved on 8 October 2014.
  14. ^ "Modern Water’s China Deals Buoy Forward-Osmosis Pioneer". Bloomberg. 2 December 2013. Retrieved on 8 October 2014.
  15. ^ "Forward osmosis: is China next to shake up the desalination sector?". Retrieved on 8 October 2014.
  16. ^ "Modern Water set for first FO desalination plant in China". Retrieved on 8 October 2014.
  17. ^ http://www.iwapublishing.com/template.cfm?name=w21prodnews210611b
  18. ^ "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.
  19. ^ "China's Battle for Water is Heating Up". DailyFinance.com. 8 February 2014. Retrieved on 8 October 2014.