Deepverge PLC Blue Carbon Resilience project (1840Z)
13 Setembro 2022 - 3:01AM
UK Regulatory
TIDMDVRG
RNS Number : 1840Z
Deepverge PLC
13 September 2022
13 September 2022
DeepVerge PLC
("DeepVerge" or "the Company" or "the Group" )
DeepVerge secures Blue Carbon Resilience project in Georgia and
South Carolina worth GBP2.4m
Water monitoring and remedial solutions for salt-marsh carbon
sequestration
DeepVerge plc (AIM: DVRG), has secured a two-year environmental
monitoring and remediation project with environmental technology
company, MèreMer for its Blue Carbon Resilience ("BCR") Flagship
project which has commenced on the coastlines of Georgia and South
Carolina worth GBP2.4m in aggregate. The work is being conducted on
multiple salt-marsh sites owned and managed by the Georgia Ports
Authority, GA, USA and the National Oceanic and Atmospheric
Administration ("NOAA") with special focus on carbon sequestration,
coastal resiliency, biodiversity and water quality. Development
work for this project has been underway since H1 and payment of
microbiome testing and software licenses fees will be in this
financial year.
Turnover of approximately GBP0.8 million arising from this
project is expected to be fall in the current financial year, and
GBP1.6 million in the financial year commencing 1 January 2023.
This does not alter the board's assessment of prospects for the
current year as set out in the Company's "Trading Update" notified
on 5 August 2022.The project involves multiple divisions of the
Group providing environmental microbiome analysis; Innovenn
(Labskin), monitoring and membrane technology and equipment from
Modern Water and software analysis and AI from Rinocloud. Mass
spectroscopy-based sample analysis will be carried out by
DeepVerge's partner Microsaic Systems plc. The two-year project is
expected to deliver the most comprehensive set of data ever
obtained for salt marshes - one of the key areas of international
focus for BCR. The work will yield a full profile of the sites and
their ability to sequester carbon with data models that will be
used by industry, Government, environmental agencies, and financial
institutions to model and perform a cost-benefit analysis of future
carbon sequestration projects around the world.
Gerard Brandon, CEO DeepVerge plc, commented:
"This is the largest deployment of our EcowaterOS initiative,
which was launched in February 2020 ([i]) which envisaged a
complete solution for managing a water ecosystem. With our patent
pending bioinformatics solution and expertise in microbiome
analysis, monitoring of water contamination and recovery using AMBC
membrane technology, this is an ideal consortium-led approach to
offsetting carbon and solving global environmental problems.
The planet's ability to sequester carbon is part of its survival
and the Blue Carbon Resilience project is a giant step forward in
creating a complete solution for monitoring a complex ecosystem to
empirically prove its ability to sequester carbon. We believe this
project creates a blueprint for government regulatory agencies
working on climate change, seeking mitigation solutions all over
the world."
Ross Walker C O O MèreMer, commented:
"This is a ground-breaking project. A world-first, which will
establish new standards and methodologies for vital salt marsh
habitats. The approach being deployed is fully scalable to over 13
million acres internationally and it's supported by the many of the
leading bodies in positive marine climate action.
As a company we create, measure, support and validate
climate-positive projects from our oceans. Our BCR flagship project
will deliver levels of data around carbon sequestration and coastal
resiliency in salt marshes that can drive positive action in this
space right across the world. We're delighted to have DeepVerge as
a key partner to this."
+44 (0) 7340 055
DeepVerge plc Gerard Brandon, CEO 648
SPARK Advisory Partners Limited Neil Baldwin/Andrew +44 (0) 113 370
(Nominated Adviser) Emmott 8974
--------------------- -----------------
Turner Pope Investments (TPI) Andy Thacker/James +44 (0) 20 3657
Limited (Broker) Pope 0050
--------------------- -----------------
Market Abuse Regulation (MAR) Disclosure
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014
WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL)
ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO
BE IN THE PUBLIC DOMAIN.
About DeepVerge plc (www.deepverge.com)
DeepVerge is an environmental and life science group of
companies that develops and applies AI and IoT technology to
analytical instruments for the analysis and identification of
bacteria, virus and toxins; Utilising artificial intelligent data
analytics to scientifically prove the impact of skincare product
claims on skin
About MèreMer (www. meremer.org )
MèreMer is a technology company operating at the intersection of
Fintech and ClimateTech. They are building the world's first
'rating model' to measure, support and validate climate-positive
projects from our oceans and connect them to the carbon-offsetting,
ESG and sustainability requirements of the corporate sector. A key
part of this solution is the building projects of their own, such
as this Blue Carbon Resilience initiative.
([i])
https://www.deepverge.com/ecowateros-real-time-water-monitoring-recovery-treatment-and-recycling/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCSFLFUEEESEDU
(END) Dow Jones Newswires
September 13, 2022 02:01 ET (06:01 GMT)
Integumen (LSE:SKIN)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Integumen (LSE:SKIN)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024