TIDMDVRG
Deepverge PLC
15 September 2021
15 (th) September 2021
DeepVerge plc
DeepVerge and Ion Exchange announce India Centre of Excellence
for Modern Water All Membrane Brine Concentration ("AMBC")
Successful trials meet requirements for three AMBC installations
worth US$ 1 Million (GBP750k).
DeepVerge plc (AIM:DVRG) and Ion Exchange (India) Limited (BSE:
500214) announce the establishment of a technology partnership
"Centre of Excellence for India and the Middle East" using Modern
Water's All Membrane Brine Concentration ("AMBC") technology, and
Ion Exchange's proven capabilities in design, engineering,
construction, operation and maintenance of membrane systems that
will culminate into three projects for the installation of AMBC
worth US$ 1 million (GBP750k).
Background:
Ion Exchange completed construction of an AMBC pilot plant
earlier this year with initial trials in June 2021 with subsequent
trials to be initiated in September 2021, compiling daily logs and
detailed documentation on its performance. Modern Water Membrane
division supported the project with AMBC technology, design
expertise, training, development and preparation of training
materials. After successful conclusion of the pilot plant trial,
the Ion/DVRG collaboration are intending to proceed with the AMBC
technology platform for two projects in India and one in the Middle
East.
Ajay Popat, CEO of Ion, commented:
"The AMBC solutions we have selected for these projects provides
quantifiable cost reductions making zero liquid discharge
affordable as well as providing environmental benefits in terms of
massively reduced pollution. Having successfully commissioned 25+
complete Zero Liquid Discharge, we realise the need for brine
concentration has never been greater with increased focus on
wastewater minimalisation, water recycling and Zero Liquid
Discharge..
We are pleased to announce this deepening of our partnership in
development of a joint AMBC cooperation model to strengthen our
technical and sales capability in the wastewater sector in addition
to Modern Water's further expertise in toxicity testing and
environmental monitoring."
Gerard Brandon, CEO of DeepVerge, commented:
"We are delighted to extend our partnership with Ion Exchange
securing a stronger footprint for Modern Water Membrane and
Monitoring across India and the Middle East. The three
installations and a state of the art reference centre with all
Modern Water equipment available under one roof represents a major
commitment to the AMBC technology platform and adds real-time
monitoring of wastewater, highlighting the demand for these
recycling innovations to counter the global water crisis in this
rapidly growing market."
The three projects for the supply of Modern Water's AMBC
technology into manufacturing plants are expected to close in Q4
2021. The first project is for Ion Exchange's existing resin plant,
located in Ankleshwar, Gujarat, India. The second is for a new
resin plant currently being designed for building in H1 2022 in
Roha, Maharashtra, India. The third is for a large oil & gas
customer of Ion Exchange, located in Oman.
Ajay Popat, CEO of Ion Exchange, will be a speaker at the
pre-COP 26 Reuters IMPACT conference (
https://reutersevents.com/events/impact/ ) at which DeepVerge is a
sponsor, on the topic "What is our water trying to tell us? A
global perspective" with input from thought leaders from India,
China, the UK and the City of Los Angeles.
DeepVerge plc Gerard J. Brandon, CEO +44 (0) 7340 055 648
SPARK Advisory Partners Limited
(Nominated Adviser) Neil Baldwin/Andrew Emmott +44 (0) 113 370 8974
---------------------------- ---------------------
Turner Pope Investments (TPI) Limited (Broker) Andy Thacker/James Pope +44 (0) 20 3657 0050
---------------------------- ---------------------
Mo PR Advisory Mo Noonan +44 (0) 7876 444 977
---------------------------- ---------------------
About DeepVerge plc (www.deepverge.com):
The Company is a scientific research and AI-as-a-Service company
focused on production and analysis of bacteria, virus and toxins
utilising artificial intelligent data analytics in regulated
technology. From scientifically proving skincare product claims on
skin microbiome for top 10 global cosmetic company clients, to
real-time, remote detection and identification of dangerous
pathogens in wastewater treatment plants, drinking water, rivers,
lakes and reservoirs.
About Ion Exchange (India) Limited (www.ionindia.com):
Ion Exchange, India, provides environment solutions throughout
the Indian Sub-Continent and across the Middle East, covering water
treatment, liquid waste treatment and recycling, air pollution
control, solid and hazardous waste management, and the renewable
energy from waste. Specialists in water and wastewater treatment
for over five decades, Ion Exchange revenues exceed US$200 million
and manages nearly 1,500 staff. By delivering quantifiable benefits
for customers, they demonstrate efficient water management as a
critical value-added investment .
About Reach announcements
Reach is an investor communication service aimed at assisting
listed and unlisted (including AIM quoted) companies to distribute
media only / non-regulatory news releases such as marketing
messages, corporate and product information into the public domain.
An RNS Regulatory announcement is required to be notified under the
AIM Rules for Companies.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAUSAKRABUKAAR
(END) Dow Jones Newswires
September 15, 2021 02:00 ET (06:00 GMT)
Deepverge (LSE:DVRG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Deepverge (LSE:DVRG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024