Partnership with major UK water company
Posted: Monday 5th February 2007
Qonnectis says that, following successful field trials of pre-production units, it has received initial orders for a new product from a major UK water utility to a value of £73,000.
The orders are for the production of units incorporating new technology for leakage control and monitoring applications. They follow the successful delivery of that announced on 11 October 2006, stating that Qonnectis had received a £52,000 order to develop an innovative product with a utility.
The formal industry launch of the product is expected to take place later in Qonnectis' financial year to 30 June 2007, with volume production taking place in the Far East. The intellectual property rights (IPR) for the co-developed product are jointly owned, and are based on a combination of pre-existing background IPR owned independently by the water company and Qonnectis.
Michael Tapia, Chief Executive of Qonnectis commented: “This product represents a breakthrough for leakage control and a major step forward for Qonnectis as a business. The partnership with our customer has created a product with considerable potential and we expect it to make a significant contribution to our continued growth.”
