Announcement
Water Intelligence : Partnership with IME
RNS Number : 9964M
Water Intelligence PLC
20 October 2016
Water Intelligence plc
("Water Intelligence")
Partnership with University of Chicago Institute for Molecular Engineering
The Board of Water Intelligence, a leading provider of non-invasive leak detection and remediation solutions, is pleased to announce a partnership as an industrial affiliate of the Institute for Molecular Engineering at the University of Chicago (IME). Water Intelligence and IME plan to collaborate on the commercialization of technology for potable and non-potable water applications.
Dr. Patrick DeSouza, Executive Chairman of Water Intelligence plc commented:
"We are delighted to collaborate with IME and admire its global reach. We look forward to commercializing IME technologies to provide non-invasive solutions to problems of water loss from leakage and problems emerging from the increase in "gray" water because of our decaying infrastructure. Customers for our American Leak Detection (potable water) and NRW Utilities (non-potable water) brands will welcome IME's innovation."
Dr. Matthew Tirrell, Dean and Founding Pritzker Director of the Institute for Molecular Engineering commented:
"The opportunity to cooperate with Water Intelligence plc gives the Institute for Molecular Engineering a great avenue to bring laboratory developments into the realm of applied water technologies. We look forward to this partnership bringing value both to our students and to society."
Information on IME
The Institute for Molecular Engineering, established in 2011 by the University of Chicago in partnership with Argonne National Laboratory, is a transformational academic unit exploring the intersection of science and engineering. IME has a core focus on water resources and has a partnership with Ben-Gurion University in Israel to promote global water solutions. IME is a founding partner of CURRENT, a part of World Business Chicago, which serves as a platform for the Chicago region's water industry to leverage its strengths for greater economic impact.
Information on Water Intelligence plc
Water Intelligence plc is a company is listed on the London Stock Exchange. It has two wholly-owned subsidiaries that provide minimally invasive water and infrastructure solutions using infrared and acoustic technologies for the residential, commercial and municipal markets. WI's core American Leak Detection business operates in 42 states of the US with 6 locations in Australia and 3 locations in Canada. WI's NRW Utilities business operates largely in the UK and provides asset survey and sewer and wastewater solutions to municipalities. Its experienced team has deployed municipal solutions in various parts of the world and works in collaboration with American Leak Detection.
Enquiries:
Water Intelligence plc Patrick DeSouza (Executive Chairman) Tel: +1 203 654 5426
finnCap Ltd Adrian Hargrave / Giles Rolls, corporate finance
Stephen Norcross, corporate broking Tel: +44 (0) 207 220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
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