START UP THE BAND
- From: Vol 9, Issue 3 (March 2008)
- Category: General
- Region: Unspecified
- Country:
- Related Companies: Modern Water, Pictet and Water Standard Co
* Modern Water, the “pre-revenue” water technology start-up, saw its share price jump 25% after announcing its first set of full-year results – administrative costs of £2.7 million against net interest of £1 million from its £29 million cash pile.
The excitement seems to be associated with the announcement that it had its first commercial desalination plant contract – a 100m3/d facility in Gibraltar, and that it had applied for a patent for using its forward osmosis technology in power generation. The share price increase added £12 million to the value of the company. It is enough to turn ...
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