CK Hutchison : announces investment in nuron

CK Hutchison announces investment in nuron

(16 August 2018, Hong Kong and London) CK Hutchison Holdings Limited ('CK Hutchison'), a multinational conglomerate, announced an investment in NURON LIMITED ('nuron'), an innovative company on the forefront of monitoring technology for the water industry.

nuron, founded in 2014, has pioneered the world's first continuous in-pipe wastewater monitoring system, which enables water companies to move from a costly and reactive mode of operation to an efficient and proactive one, improving customer satisfaction, environmental performance and total expenditure. Deployed using advanced robotics, it also enables communications networks to be deployed faster and more cost-effectively than by using traditional civil engineering methods.

A first live system is currently being deployed in partnership with Northumbrian Water, a CK Hutchison company. The CK Hutchison investment will support nuron as it deploys systems at scale across the UK and beyond. nuron is also exploring how its robots and fiber laying technologies can augment CK Hutchison's telecommunications infrastructure.

Says Mike Ainger, nuron's Founding Director:
'CK Hutchison's vision and expertise in both water and communications sectors make them a fantastic partner. We have an ambitious plan which I'm delighted that CK Hutchison is supporting.'

Says Peter Bourke, Head of Group Information Systems at CK Hutchison:
'I am very excited about the potential nuron has to transform the operations of both water systems and telecommunications networks. The technology complements our telecommunications and water company strategies and the timing couldn't be better.'

Says Claire Fenwick, nuron's Managing Director:
'Our technology helps water companies optimise the management of their assets and support our digital economy. CK Hutchison shares our vision and appetite and their investment will enable our growth to deliver our capability to customers at scale.'

About CK Hutchison Holdings Limited

Listed on The Stock Exchange of Hong Kong Limited, CK Hutchison Holdings Limited (CK Hutchison) is a renowned multinational conglomerate committed to innovation and technology with businesses spanning the globe. With operations in over 50 countries and over 300,000 employees worldwide, CK Hutchison has five core businesses - ports and related services, retail, infrastructure, energy and telecommunications.

CK Hutchison reports turnover of approximately HKD415 billion (USD53 billion) for the year ended 31 December 2017.

For more information, please visit www.ckh.com.hk.
About nuron

nuron, founded in 2014, was set up to address the need for a step change in monitoring technology for the water industry. nuron has developed a world leading dual purpose system, which as well as monitoring the condition and operation of sewers, also provides cost effective optical fibre capacity to support the evolution of fixed and mobile networks.

nuron is led by a management team with extensive experience in introducing new technologies to a range of utility industries and growing businesses, led by Claire Fenwick.

For more information about nuron visit www.nuron.tech.

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