TPI provides its latest research note on Modern Water plc (MWG.L)

Modern Water has announced receipt of its first patented AMBC wastewater plant order from Ion Exchange (India) Ltd.

This follows MWG’s collaboration agreement with this large international specialist water and environment management company (announced RNS: 23 December 2019), and whose President, Ajay Popat, has also noted his company is “now ready to move to the first installation as we deepen our working relationship with Modern Water”.

This news demonstrates that even amid the restrictions imposed by the global Pandemic, customer interest and demand for the Company’s patented technologies, that are a critical component for its end-to-end wastewater monitoring and recovery solutions, continues to grow.

Today’s order builds upon, and is complementary to, the recent transformation of MWG’s business model that has helped improve sales in its global monitoring division, whose Microtox range of products and services benefit from a 30-year global footprint and established reputation.

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We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to Modern Water plc. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.

The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.

Copyright © 2020 Turner Pope Investments (TPI) Limited, all rights reserved.

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