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Frontier IP Group PLC - London-based intellectual property commercialisation company - Takes 33% stake in Deakin Bio-Hybrid Materials Ltd. DeakinBio has developed technology, termed BioSintering, to produce advanced bio-based materials from organic waste like chickpea broth or algae, along with widely available inorganic powders like crushed limestone.
Chief Executive Officer Neil Crabb says: "We are excited about the potential of DeakinBio and its novel biocomposites, not just in the tile industry, but in other sectors too. The company fits very well into our Materials, and Food and Agritech clusters and is already sharing expertise and knowledge with other companies in our portfolio."
Current stock price: 45.00 pence
12-month change: down 27%
By Jeremy Cutler, Alliance News reporter
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