REG - Deepverge PLC - Modern Water monitoring systems deal worth £1.4m

DeepvergeAnnouncement

18/07/2022 07:15

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RNS Number : 7775S  Deepverge PLC  18 July 2022

18 July 2022

 

DeepVerge PLC

 

("DeepVerge" or "the Company" or "the Group")

Microtox systems chosen to monitor water supply ahead of 2022 FIFA World Cup
in Qatar

Largest single Modern Water monitoring systems deal worth £1.4 million

 

DeepVerge plc (AIM: DVRG) announces that its environmental division, Modern
Water, has been chosen to supply 27 fully integrated Microtox(®) solutions at
network points to monitor water toxicity and pollution in the Qatar region
ahead of the 2022 FIFA World Cup. This £1.4 million order is the first
regional networked Microtox(®) solution, the largest single order in Modern
Water's 38 year history and is a direct result of a strategic move away from
equipment only sales to supplying fully integrated regional monitoring
solutions. This order is additional to the £3m of orders in Q2, 2022, for
China and South Asia (see DeepVerge's RNS of 30 June 2022) and is expected to
be shipped later this year.

 

Modern Water is providing the water monitoring equipment to Avanceon (PSX:
AVN)is , which provides state-of-the-art automation solutions on three
continents. Avanceon will install the monitoring equipment in Qatar.

 

The Microtox(®) CTM is a site-based continuous toxicity monitor giving
real-time feedback on the state of water health from the source. The upgraded
AI-based Microtox(®) CTM units include software with the ability to detect
more than 2,700 dangerous pathogens and are a regulatory approved early
warning system.

Gerard Brandon, Deepverge CEO commented:

"Modern Water Microtox(®) has been the gold standard for testing water
toxicity for thirty eight years. The AI-based smart networked monitoring
solution will be shipped to Qatar to continue a Modern Water tradition of
monitoring water supplies at some of the largest sports events in the world,
adding the 2022 FIFA World Cup to the eight Olympic cities associated with
Microtox(®) since the Los Angeles, CA, Olympics in 1984."

 

 

 DeepVerge plc                                   Gerard Brandon, CEO         +44 (0) 7340 055 648

 SPARK Advisory Partners Limited                 Neil Baldwin/Andrew Emmott  +44 (0) 113 370 8974

 (Nominated Adviser)

 Turner Pope Investments (TPI) Limited (Broker)  Andy Thacker/James Pope     +44 (0) 20 3657 0050

 

 

Market Abuse Regulation (MAR) Disclosure

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER
THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF
ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
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About DeepVerge plc (www.deepverge.com)

DeepVerge is an environmental and life science group of companies that
develops and applies AI and IoT technology to analytical instruments for the
analysis and identification of bacteria, virus and toxins; Utilising
artificial intelligent data analytics to scientifically prove the impact of
skincare product claims on skin

 

Avanceon Limited (www.avanceon.qa (http://www.avanceon.qa) )

Avanceon is a provider of industrial automation, process control and systems
integration, as well as energy management solutions. The Company's segments
are After Marketing Support (AMS), Core Business, Specialised Business,
Engineering services, and Middle East and USA. The AMS segment is engaged in
the provision of services as technical supports and service level agreements
and related spares. The Core Business segment includes Application Based
Solutions (ABS), Systems and Products. ABS sales include the supply of
systems, power products, variable speed drives and variable frequency drives.
Systems sales are embedded solutions of multiple original equipment
manufacturers (OEM) equipment. Products segment includes sales of motors,
analysers and other specialised products of OEMs. The Specialised Business
segment includes Energy Management Systems and High End Solutions. It provides
solutions to various industries, such as oil and gas, chemicals and
pharmaceuticals.

 

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