Modern Water has announced it has secured the sale of its largest single order for 20 Microtrace® PDV (‘PDV’) units to China, plus 7 related reagent consumables.
This latest milestone follows recent news of another important Chinese order won by the Company, this time for the sale of 10 industrial scale Microtox CTM units that are due to be shipped in the 3rd quarter.
Together these reflect the major opportunity that Modern Water now has to gain significant long-term and growing exposure to China’s giant and increasingly environmentally aware water health and safety markets.
Sichuan Province China orders Modern Water equipment. The total value of this new order from the Sichuan Department of Ecology and Environment, is CNY3.56 million (c.£410,000). Following a directive from this Chinese provincial government office the new PDV units, which measure trace metals in water, soil and food, will be used to improve the region’s emergency response to environmental emergencies and overcome its shortfall in provision of comprehensive analysis on water quality. Given that all Modern Water equipment requires consumables and now also has the option to be upgraded with AI-As service (as part of the Company’s collaboration and production agreement with Integumen plc (AIM: SKIN), offering predictive water contamination alerts based on accumulated historical data, this presents an important opportunity to build revenue and longer-term client interdependence.
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