Pure investment for Modern Water

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London-based Modern Water has announced plans to invest in new purification technology and enlarge its senior management staff

London-based

is to invest in new purification technology, has received patents for two of its own technologies and has enlarged its senior management staff.

The company says it will invest $500,000, over three investment rounds, in US-based Stonybrook Water Purification (SWP). SWP has developed a new membrane that is said to be cost effective, strong, safe and can be used to filter water several times faster than modern membranes.

‘The stake we have taken in SWP is in line with our strategy to invest in valuable and complimentary water technology,’ said Neil McDougall, executive chairman of Modern Water.

Modern Water is also celebrating the securing of patents for technology developed by its Surrey Aqua Technology subsidiary. A European patent for Power Generation Method of the Osmotic Energy has been received, as well as individual country patents for Manipulated Osmosis process of the Solvent Recovery Method, including the sole right to use the technology in South Africa.

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