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New advisory client, Vertequip

9 Mar 2015 07:00

RNS Number : 7807G
Frontier IP Group plc
09 March 2015
 



 

 

AIM: FIPP

Frontier IP Group plc

("Frontier IP" or "the Company")

 

New Advisory Client - Vertequip

Frontier IP, which specialises in the commercialisation of intellectual property, is pleased to announce that it has been engaged to provide advisory and business development services to VERTEQUIP - Equipamentos e trabalhos verticais, LDA ("Vertequip").

Vertequip, a Portuguese company, was formed to develop and exploit a new technology, STEP (http://site.vertequip.com/products), which allows the service and maintenance of high vertical structures to be performed in a safer, faster and more cost-effective way. Vertequip is targeting the renewable energy, construction, offshore oil & gas and relevant industrial markets. Current customers include utilities and energy companies, who respectively use Vertequip solutions in wind turbines and dams, and for the maintenance of offshore oil rigs.

Frontier IP will assist Vertequip in further exploiting the commercial potential of its technology and to accelerate the expansion of its sales into new and existing markets.

Neil Crabb, Chief Executive of Frontier IP, said,

"This collaboration with Vertequip represents an exciting opportunity for Frontier IP in the energy market. Our strategy to focus on energy as one of our key sectors is progressing well, as we expand our resource and build connections to a network of market players such as EDP and Iberdrola, two major utilities. We look forward to working with Vertequip to maximise the potential of its innovative technology and product range."

Pedro Goncalves, Chief Operating Officer of Vertequip, said,

"We are delighted to enter into this agreement and get the support of Frontier IP on the commercialisation of our innovative products."

 

Enquiries

 

Frontier IP Group Plc

0131 240 1251

 

Neil Crabb, Chief Executive

 

Company website: www.frontierip.co.uk

 

 

Cantor Fitzgerald Europe

(Nominated Adviser and Joint Broker)

020 7894 7000

 

Mark Percy / Catherine Leftley, Corporate Finance

 

David Banks, Corporate Broking

 

 

Peterhouse Corporate Finance Limited (Joint Broker)

020 7469 0935

 

Lucy Williams

 

 

KTZ Communications

020 3178 6378

 

Katie Tzouliadis / Deborah Walter

 

 

Notes to Editor:

 

Frontier IP Group plc

Frontier IP specialises in assisting universities, research institutions and companies in the commercialisation and exploitation of their Intellectual Property.

 www.frontierip.co.uk.

 

Vertequip - Equipamentos e trabalhos verticais, LDA

Vertequip specialises in the production of service and maintenance equipment for high vertical structures, including oil rigs, wind turbines, mines and construction sites. Its principal product, STEP, is designed to increase safety and enhance productivity when working at considerable heights.

 

Vertiquip is based in Portugal, with distributors selling its products across Europe, Africa, the Middle East and South America.

http://site.vertequip.com/products

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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