Imperial Innovations Group Regulatory News (IVO)

24 Sep 2007 14:44

Imperial Innovations Group plc24 September 2007 24 September 2007 Imperial Innovations Group plc ("Imperial Innovations") The Engineer Awards Imperial Innovations Group plc (AIM: IVO) is pleased to note the success of thefollowing Imperial Innovations companies, technologies and entrepreneurs at aceremony held on Friday 21 September to celebrate The Engineer Technology &Innovation Awards 2007. Ionscope, a microscope technology company in which Imperial Innovations owns a29.5% stake, has been awarded the University Spin-Out award. This awardrecognises excellence in a business formed within the last five yearsto commercially exploit a technical innovation, product, process or centre ofexpertise originally conceived within a university. The Engineer's Special Award for Outstanding Personal Achievement in technologyand innovation was presented to Professor Colin Caro of Imperial College,founder of technology companies Heliswirl Technologies and Veryan Medical inwhich Imperial Innovations' shareholding is 18.9% and 37.6% respectively. Thisaward recognises Caro's distinguished contribution to physiological and medicalresearch and, more recently, the wide range of potential engineeringapplications that have arisen from his work. Lontra, a start-up developing a new type of compressor and engine, which is inreceipt of ongoing incubation support from Imperial Innovations, was runner-upfor the Start-up and University Collaboration category. This category recognisesexcellence in such collaborations between a start-up business and a university.Imperial Innovations has a 19.6% shareholding in Lontra. Imperial College graduates Christian Fellowes and Ryan Kerstein were alsoshortlisted for the Graduate Innovator Award for their disposable medicaltourniquet innovation, which Imperial Innovations is in the process ofcommercialising. -Ends- For more information contact: Imperial InnovationsSusan Searle, Chief Executive Officer +44 (0)20 7594 6591Lucy Ahfong, Marketing Communications Executive +44 (0)20 7594 6644 M:CommunicationsPatrick d'Ancona / Eleanor Williamson +44 (0)20 7153 1539 JPMorgan Cazenove (NOMAD to ImperialInnovations)Steve Baldwin +44(0)20 7588 2828 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 £25 million at an offer price of 365p and £1 million by meansof a public offer. The company's integrated approach encompasses the identification of ideas,protection of intellectual property, development and licensing of technology andformation, incubation and investment in technology businesses. A wide range oftechnologies are commercialised within the areas of healthcare, energy,environment and emerging technology trends. Based at Imperial College London, the company has established equity holdings in70 technology businesses and has completed 116 commercial agreements. ImperialInnovations also commercialises technologies originating from outside ImperialCollege through incubation contracts with the Carbon Trust and WRAP and hascommercialisation contracts with a number of multinational corporationsincluding BAE Systems. www.imperialinnovations.co.uk About the Engineer Awards The Engineer established the Technology & Innovation Awards to recognise andreward the contribution of universities, their staff and students to the widerUK technology economy. The benefits collaboration brings to companies,univerisities and the UK as a whole are highlighted by the Awards' sevendifferent categories. www.theengineer.co.uk This information is provided by RNS The company news service from the London Stock Exchange