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2 Dec 2014 07:00
2 December 2014
Tekcapital Plc
("Tekcapital", "the Company" or "the Group")
Tekcapital Announces Strategic Alliance with InSitech, Inc.
Tekcapital plc (AIM: TEK), an international provider of technology and intellectual property services, is pleased to announce it has entered into a strategic alliance with InSitech, Inc. ("InSitech") to market InventionEvaluator.com ("Invention Evaluator") to U.S. government agencies and national laboratories.
Through the acquisition of Invention Evaluator (http://inventionevaluator.com), announced on 23 July 2014, the Group added a complementary service to its offering to enable clients to further assess and extract value from the commercial potential of new technologies and intellectual properties ("IP").
InSitech is a professional services firm that provides commercialisation, business and strategic planning assistance to the US military, other government agencies and private sector clients (http://insitech.org/). The directors believe there are approximately 700 federally funded laboratories in the US and that Invention Evaluator will enable them to more effectively determine the commercial opportunities that could be derived from the development of new technologies in these facilities.
Commenting on the announcement, Dr. Clifford Gross, Executive Chairman of Tekcapital plc, said:
"The acquisition of Invention Evaluator has expanded our service offering and is already revenue generating. To expand its market penetration into government agencies and national laboratories, we are very excited to have entered into a strategic alliance with InSitech, Inc. Their knowledge and track record of assisting in the commercialisation of government developed intellectual property is an excellent fit with Invention Evaluator's reports which provide guidance on the marketability of newly developed technologies.
"We are confident that this strategic alliance will further add to Invention Evaluator's recent strong revenue and profit growth."
Commenting on the announcement, Michael P. Devine, CTO of InSitech, Inc., said:
"We are very enthusiastic to be able to provide the Invention Evaluator service to our clients in U.S. government agencies and laboratories. Their comprehensive reports which assess the marketability of new technologies should prove valuable to a wide range of government organisations involved in the development of new technology."
For further information please contact:
Tekcapital Plc | +1 305 200 3450 Ext 305 |
Clifford M. Gross, Ph.D., Executive Chairman | cgross@tekcapital.com |
InSitech, Inc. | +1 973 659 3334 |
Alex Cocoziello, Director of Business Development | acocoziello@insitech.org |
Northland Capital Partners Limited (NOMAD & Broker) | +44 (0) 20 7382 1100 |
William Vandyk / Lauren Kettle (Corporate Finance) | |
John Howes / Alice Lane (Corporate Broking) | |
Optiva Securities Limited (Co-Broker) | +44 (0) 20 3137 1904 |
Jeremy King / Vishal Balasingham | jeremy.king@optivasecurities.com |
FTI Consulting, LLP | +44 (0) 20 3727 1000 |
Chris Lane / Emma Appleton / Roger Newby | tekcapital@fticonsulting.com |
About Tekcapital plc - The World's Largest University Network for Open Innovation
Tekcapital helps clients profit from new, university-developed intellectual properties. With our proprietary discovery search engine, linked to 3,300+ universities in 160 countries, coupled with expert scientific review, we provide a turn-key service to make it easy for clients to find and acquire the IP they need to create a competitive advantage. Tekcapital plc is listed on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com
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