Last checked at 2 Mar 2015 07:00
AIM: FIPP
Frontier IP Group plc
("Frontier IP")
New Portfolio Company - Cambridge Sensor Technologies Ltd
Frontier IP, which specialises in the commercialisation of intellectual property, is pleased to announce that it has received a stake in Cambridge Sensor Technologies Limited ("CST"), a company formed to exploit the technology developed by Dr. Mark Williamson, a lecturer and researcher at the Department of Chemical Engineering and Biotechnology at the University of Cambridge. Frontier IP has entered into an agreement with CST in which it has agreed to provide advisory and business development services in return for a 40% equity stake in the new company.
Dr. Williamson develops heating system, sensors and control strategies for industrial processes in which the composition of the processing atmosphere is important. The benefits of the technology include reduction in energy consumption and improvement/optimisation of the quality and consistency of the manufactured goods. A program of industrial trials is already underway, in collaboration with major multinational companies in the food and speciality chemicals sectors.
Neil Crabb, Chief Executive of Frontier IP, said,
"We are looking forward to working with Dr. Williamson on this new opportunity. Frontier IP brings experience in commercialising IP and relationships with key players in relevant markets. Dr. Williamson's industry-focused approach combined with our support can help accelerate the commercialisation for this exciting technology."
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 www.frontierip.co.uk
Frontier IP specialises in assisting universities, research institutions and companies in the commercialisation and exploitation of their Intellectual Property.
Department of Chemical Engineering and Biotechnology, University of Cambridge
The Department of Chemical Engineering and Biotechnology at the University of Cambridge is a leading global research department. It is ranked top for research in its discipline in the UK, best in the world outside the US and 4th in the world including the US (HEFCE REF 2014 and QS World University Rankings by Subject 2014). Working effectively with industry is a core strength of the Department, as is progressing novel technologies through spinout companies and licensing agreements to ultimate launch of marketed products.