– UK, Guildford – Modern Water PLC (LON: MWG) confirmed the appointment of Dr Nigel Burton to its Board as a non-executive director. The Company expects to appoint Gerard Brandon as non-executive director and Chairman of the Board shortly and a further announcement will be made in due course.
Piers Clark and Mike Townend, non-executive chairman and non-executive director, respectively, have resigned from the Board.
Simon Humphrey, CEO, commented: “We thank our investors for their investment. Their support demonstrates confidence in a revenue-sharing collaborative and partnership strategy to accelerate the growth of our water recovery technologies to counter water crisis problems arising from climate change and a growing global population. Over the last 14 years, Modern Water has invested substantial resources to create a patent portfolio of cutting-edge technology, focused on monitoring of contaminated water and decontamination of wastewater, making recycling of water more efficient. The Company is grateful for the contribution that both Piers and Mike have made to establish the strength of our technology. The new Board brings a commercial focus with extensive expertise in sales and marketing and provides immediate access to distribution channels in the chemical, biofuel, wastewater, dairy and agricultural production industries.”
About Dr Nigel Burton
Following over 14 years as an investment banker at leading City institutions including UBS Warburg and Deutsche Bank, including as the Managing Director responsible for the energy and utilities industries, Nigel spent 15 years as Chief Financial Officer or Chief Executive Officer of a number of private and public companies. Nigel is currently a Non-Executive Director of AIM-quoted companies Remote Monitored Systems plc, Digitalbox plc, Regency Mines plc, eEnergy Group plc and Mobile Streams plc.
About Modern Water
Modern Water was established in 2006 to develop and commercialise water recovery technologies to counter water crisis problems arising from climate change and a growing global population. Having invested £20m over the last 14 years, the results comprise a robust patent portfolio of cutting-edge technology, focused on monitoring of contaminated water and decontamination of wastewater, making recycling of water more efficient. Six countries across the world have legislated that Modern Water monitoring test systems are written into their environmental protection legislation.
For more information: https://www.modernwater.com
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