Last checked at 8 Apr 2019 07:00
8 April 2019
Frontier IP Group Plc
("Frontier IP" or the "Group")
Portfolio news - Parkside Architectural Tiles to launch exclusive Alusid sustainable tile range
Frontier IP, a specialist in commercialising university intellectual property, today announces that Parkside Architectural Tiles ("Parkside"), the commercial arm of Topps Tiles plc serving the architecture and design market, is to launch an exclusive range of sustainable tiles made by the Group's portfolio company Alusid ("Alusid" or the "Company"). Frontier IP holds a 35.6 per cent stake in the Company.
The tiles will be made from recycled porcelain and glass industrial waste through Alusid's patented process, which also uses less energy than conventional tile manufacturing.
Parkside will sell the tiles under the brand name Sequel in a range of different formats and colours. They will be launched at this year's Clerkenwell Design Week in London, from the 21 to 23 May.
Sequel tiles will also be on display at the new Parkside design studio in Clerkenwell.
Alusid, a spin out from the University of Central Lancashire, has already enjoyed success with its SilicaStone-branded tiles, tabletops and other surfaces. Customers include Amazon, Nando's and Wells Fargo bank, which is using Alusid's products in its prestigious London HQ. There are more than 100 projects in the pipeline.
The Company raised £1.34 million in September last year to support planning to scale up manufacturing, a move expected to transform capacity from 4,000m2 a year to 30,000m2 a month.
Alusid co-founder and chief operating officer Dr Alasdair Bremner said: We're very excited about the launch of our new Sequel brand by Parkside Architectural Tiles. Our strategy has always been that customers will not buy a product because it is greener, but because it is of premium quality as well as being sustainable. We believe this launch vindicates that approach."
Frontier IP chief executive Neil Crabb said: "Alusid continues to thrive and attract new customers and, of course, we're delighted about the Parkside launch. We believe there is greater demand to be fulfilled, and we are now actively exploring options to transform the company's manufacturing capacity."
ENQUIRIES
Frontier IP Group Plc | T: 0131 240 1251 |
Neil Crabb, Chief Executive Andrew Johnson, Communications & Investor Relations Company website: www.frontierip.co.uk |
M: 07464 546 025 |
Allenby Capital Limited (Nominated Adviser and Broker) | T: 0203 328 5656 |
Nick Athanas / Nicholas Chambers (Corporate Finance) Amrit Nahal (Equity Sales) |
ABout frontier IP
Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services. A critical part of the Group's work is involving relevant industry partners at an early stage of development to ensure technology meets real world demands and needs.
The Group looks to build and grow a portfolio of equity stakes and licence income by taking an active involvement in spin-out companies, including support for fund raising and collaboration with relevant industry partners at an early stage of development.
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