Imperial Innovations Group Regulatory News (IVO)

15 Mar 2007 09:00

Imperial Innovations Group plc15 March 2007 Imperial Innovations Group plc ("Imperial Innovations") Recycling Commercialisation Centre signs up glass recycling company Imperial Innovations Group plc (AIM: IVO), the technology commercialisation andinvestment company, today announces that Stoneglass Building Products Limited("Stoneglass") has signed a contract to receive incubation services and supportfrom the Imperial Innovations Recycling Commercialisation Centre (the "Centre"),an incubation facility contracted to Imperial Innovations by WRAP (Waste &Resources Action Programme). Stoneglass is the second company to be selected forthe Recycling Commercialisation Centre, on the basis that it has the potentialto reduce waste to landfill and make a significant impact on glass recycling. Stoneglass offers worldwide licence opportunities to displace traditional claybased bricks, pavers, and brick cladding by using glass waste to developconstruction materials with an exceptionally high recycled content of 97%. Thecompany was chosen to be incubated by the Centre not only due to its robustintellectual property but also for its strong technical development teamoriginating from Staffordshire University. The Centre will assist in the development of Stoneglass and help to bring theirnew and innovative recycling technology to market by: - providing resources for technical testing and business planning - augmenting the existing management team - providing access to funds and investors - developing and exploiting product markets Susan Searle, CEO, Imperial Innovations, said, "Stoneglass is the second company we have signed up to the RecyclingCommercialisation Centre. Its technology will certainly make a difference toalleviating the problem of glass waste. We encourage more inventors to contactus so we can help them bring their innovative ideas to market." Dr Michael Anderson, MD of Stoneglass Building Products, said, "Stoneglass' technology enables very large tonnages of post consumer glass toreplace virgin raw materials in the manufacture of cost competitive, highquality, building products. We are delighted to have the support of theRecycling Commercialisation Centre and we look forward to working with them tobring the advantages of our technology to the volume building products market." Steve Creed, Director of Business Growth at WRAP, said: "Developing new high-value products from recycled materials is exactly the sortof impact we anticipated that the Commercialisation Centre would deliver. Newand innovative product businesses like Stoneglass can benefit from high levelsupport over a long period of time to accelerate their development and to ensuretheir real commercial potential is fulfilled." -Ends- For more information contact: Imperial InnovationsSusan Searle, Chief Executive Officer +44 (0)20 7594 6591Lucy Ahfong, Marketing Communications Executive +44 (0)20 7594 6644Glenn Janes, Recycling Commercialisation Manager +44 (0)20 7594 1314 M:CommunicationsPatrick d'Ancona / Eleanor Williamson +44 (0)20 7153 1539 Notes to Editors About Imperial Innovations Imperial Innovations is one of the UK's leading technology transfer andcommercialisation companies. The company was founded in 1986 and its ordinaryshares admitted to trading on the AIM Market of London Stock Exchange plc inJuly 2006, raising £26 million. The company's integrated approach encompassesthe identification of ideas, protection of intellectual property, developmentand licensing of technology and formation, incubation and investment intechnology businesses. A wide range of technologies are commercialised withinthe areas of healthcare, energy, environment and emerging technology trends. Based at Imperial College London, the company has established equity holdings in66 technology businesses and has completed 90 commercial agreements. ImperialInnovations also commercialises technologies originating from outside ImperialCollege through incubation contracts with the Carbon Trust and WRAP and hasrelationships with a number of multinational corporations including BAE Systems. Imperial Innovations has invested in a range of spin-out companies, includingThe Acrobot Company Limited, Advanced Tissue Therapies Limited, Cardiak Limited,Circassia Holdings Limited, deltaDOT Limited, Equinox Pharma Limited, FutureWaves PTE Limited, HeliSwirl Technologies Limited, InforSense Limited, LontraLimited, Midaz Lasers Limited, NanoBioDesign Limited, Nexeon Limited, NovaTheraLimited, Thiakis Limited and Veryan Medical Limited. Imperial Innovations currently holds shares in four technology businesses nowlisted on AIM including the fuel cell company, Ceres Power plc. www.imperialinnovations.co.uk About Stoneglass Building Products Ltd Stoneglass Building Products specialises in developing new ways to incorporate awide range of industrial and utility industry waste-streams into buildingproducts that have traditionally used 100% virgin raw materials. The company hasnow developed and is patenting a novel process for manufacturing cladding tiles,pavers and bricks made from >97% waste glass. Many waste glass streams can beused including mixed container glass, CRT panel glass, fluorescent tube and autoglass. Products manufactured in the company's pilot plant have passed BS/ENtests and are now ready for large scale production. About WRAP 1. WRAP works in partnership to encourage and enable businesses and consumers tobe more efficient in their use of materials and recycle more things more often.This helps to minimise landfill, reduce carbon emissions and improve ourenvironment. 2. Established as a not-for-profit company in 2000, WRAP is backed by Governmentfunding from Defra and the devolved administrations in Scotland, Wales andNorthern Ireland. 3. Working in seven key areas (Construction, Retail, Manufacturing, Organics,Business Growth, Behavioural Change, and Local Authority Support), WRAP's workfocuses on market development and support to drive forward recycling andmaterials resource efficiency within these sectors, as well as widercommunications and awareness activities including the multi-media nationalRecycle Now campaign for England. 4. More information on all of WRAP's programmes can be found at www.wrap.org.uk This information is provided by RNS The company news service from the London Stock Exchange