RCS - Water Intelligence - Deployment of Patented Water Management System

Water IntelligenceAnnouncement

10/06/2024 07:00

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RNS Number : 7040R  Water Intelligence PLC  10 June 2024

 

Successful Deployment of Patented Water Management System

Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Group"), a
leading multinational provider of precision, minimally-invasive leak detection
and remediation solutions for both potable and non-potable water, is pleased
to announce optimal test results from its new technology offering for open
channel water conveyance and storm water run-off.  The Group's 2023 year-end
trading update released in February had previously indicated that test results
from the first commercial deployment were being gathered.

A range of solutions, leveraging the same patented technology will be marketed
by the Group's American Leak Detection subsidiary (ALD) under the brand ALD
Water Management Solutions and, in particular, for open channel conveyance
under the tradename VersaLiner to capture its versatility and extraordinary
performance.

A Revolutionary Water Management System

Around the world, moving large volumes of water, such as from rivers to
farmland, typically involve concrete or earthen channels. These types of
channels lose water into the ground but are relatively easy to deploy - a
trade-off customers have been willing to make when the price of water was
cheap.  However, today, climate change and water shortages have altered the
equation by significantly raising the cost of water loss and the maintenance
required as the earth shifts and concrete cracks from degradation over time.
Customers now need a solution that both moves water efficiently and protects
against water loss and reduces maintenance costs of aging infrastructure.

To address the "changed-requirements" equation, ALD's VersaLiner leverages a
patented design and high-density polyethylene (HDPE) material to deliver water
efficiently with essentially zero losses due to leakage. VersaLiner also
provides puncture and abrasion resistance, chemical resistance, and consistent
top-level performance through repeated freeze and thaw cycles. A mechanical
connection between liner sections also allows for a small degree of movement,
giving the system outstanding performance with low maintenance.  Finally,
VersaLiner is easy to install with a small crew using only hand tools able to
cover more than 500 linear feet per day.

First Deployment and Validated Test Results: Avon, Colorado

In October 2023, ALD personnel worked with Ferguson LLC, the largest
distributor of plumbing and water products in the United States, to deploy the
VersaLiner solution in Avon, Colorado, to rehabilitate the Nottingham-Puder
ditch on the Eagle River.  Prior to deployment, the ditch did not deliver a
government allotted water right of 2 cubic feet per second (CFS) to an
agribusiness location. Moreover, beyond the delivery to agribusiness, more
water is needed for the town further downstream. ALD's water management
solution was deployed to solve the water rights allotment problem but also to
test how much more water could be conveyed to the town without loss and how
quickly.

Validated Results:  On May 13, 2024, field tests showed outstanding
performance of the ALD water management solution.  After six months of
deployment and through a full seasonal climate cycle, 6.78 CFS of water was
diverted from the Eagle River into the Nottingham-Puder lined ditch, and 6.59
CFS of water was delivered to the town at the end of the ditch in less than
half an hour, resulting in water retention of 97.1%.  Hence not is the
agribusiness now receiving its full water allotment but also the town now has
actionable data on how much more water can be diverted from the Eagle River
and preserved.

Functionality for a customer may be summarized as follows: VersaLiner solves
the problem of inadequate water delivery and saves the amount of water that
needed to be diverted to satisfy allocation obligations.  At the same time,
VersaLiner decreases future maintenance costs for the Nottingham-Puder Ditch.
With its lower installation cost, VersaLiner pays for itself by reducing water
costs through conservation and reducing required maintenance costs over the
life of the product.

VersaLiner responds successfully to the "changed-requirements" equation driven
by climate change, providing minimal water loss (97.1% delivery); efficient
flow (under 30 minutes for delivery), and low-cost maintenance (HDPE liner).

Ken Suazo, inventor of ALD Water Management Solutions stated:  "VersaLiner
performed above and beyond the design expectations, not only in ease of
installation but in the performance in water delivery with efficient flow
velocities and flow volumes with no measurable water losses. This open channel
flow system will provide a practical, cost-effective solution in open channel
flow for water conservation in agricultural applications as well as provide a
robust solution for storm water management issues."

 

Laura Finch, Product Sales Specialist, Ferguson remarked:  "We could not be
prouder to have the opportunity to work with ALD Water Management Solutions to
support this effort to decrease water loss through value engineering. It is
our goal that through collaboration we can continue to provide cost effective
solutions to both the community and our clients."

 

Dr.  Patrick DeSouza, Executive Chairman of Water Intelligence added: "The
data speaks for itself. We look forward to working with Ferguson and other
leading professionals to deploy a range of ALD Water Management Solutions
based on the same patented technology across the United States and around the
world as we continue to transform water infrastructure. We are excited by the
prospects for our new offering and its contribution to our growth trajectory."

 

 Enquiries:

 Water Intelligence plc

 Laura Bass, Director of Strategic Finance
                               Tel: +1 203 584 8240

 Grant Thornton UK LLP - Nominated Adviser
                   Tel: +44 (0) 20 7383 5100

 Philip Secrett

 Harrison Clarke

 Ciara Donnelly

 RBC Capital Markets - Joint Broker
                              Tel: +44 (0)20 7653 4000

 Jill Li

 Elizabeth Evans

 Daniel Saveski

 Dowgate Capital Ltd - Joint Broker
                                   Tel: +44 (0)20 3903 7715

 Stephen Norcross

 

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