Portfolio news - first Portuguese spin out

RNS REACH / RNS

AIM: FIPP

7 August 2018

Frontier IP Group Plc

("Frontier IP" or the "Group")

Portfolio news - first Portuguese spin out developing novel technologies to print electronics onto paper

Frontier IP, which specialises in commercialising university intellectual property, is delighted to announce its first Portuguese spin out NTPE¹ (the "Company"), in which it is taking a 31.8 per cent stake.

NTPE is developing novel technology called Paper-E to print electronic circuits, sensors and semiconductors onto any cellulose-based paper and is a result of the Group's formal relationship with the Universidade Nova de Lisboa Faculty of Science and Technology ("FCT NOVA").

The technology replaces the silicon used in electronics with eco-friendly metal oxides and cellulose, to create "inks" that can be used in specially adapted printers and printing technologies, such as ink-jet heads. It has been developed by a research team led by Professors Rodrigo Martins and Elvira Fortunato from FCT Nova. NTPE will develop and commercialise its work.

There is a huge range of industrial applications for the technology, including paper-based diagnostic kits, smart packaging, logistics, and many others.

Because it is possible to store data in the cellulose, there are potential applications in fraud prevention - for example, to replace microchips with electronic pages in passports and other identity documents which need to be tracked.

Non-governmental organisations in low and middle-income countries are keen to explore the technology for use in real time lab-on-paper diagnostic solutions. This is because it does not need a power source and results can be shared via mobile phones. The technology can also produce disposable smart electronic interfaces for near field and Radio-frequency identification, RFID, communications.

The technology has been developed within a research group from the materials department of FCT NOVA, national scientific research centre Cenimat and the Centre of Excellence in Microelectronics, Optoelectronics and Processes.

They bring together more than 65 researchers dedicated to new approaches in electronic materials and applying them to build novel electronic devices and systems. Cenimat collaborates with companies and research organisations such as Samsung, Merck, ETRI, Flexenable, Osram, LG, Solvay, Eurocat, the Navigator Company, Clara Saúde, INCM, and others.

The research team was shortlisted by the European Patent Office ("EPO") in the Research category of its Inventor of the Year Awards 2016.

At the time, the then EPO president Benoît Battistelli said: "The paper-based microchips developed by Elvira Fortunato and her team have the potential to bring smart computer technology to entirely new areas of daily life."

NTPE has been incorporated to develop and commercialise their work.

Frontier IP aims to be the leading commercial partner to Portuguese universities. As well as FCT NOVA, the company also has a range of formal and informal relationships with local universities and companies.

Frontier IP Chief Executive Officer Neil Crabb said: "We're very pleased to take a material stake in a company developing such ground-breaking technology. Paper-E has already attracted strong interest from a wide range of potential partners."

Professor Rodrigo Martins said: "From dreams to reality: this has been such a great journey to develop new eco-sustainable products using Paper-E capable of revolutionising the market for a broad range of existing and emerging fields. FCT NOVA and Frontier IP are on the frontline of commercialising Portuguese technology."

¹The Company is incorporated in Portugal under the full name of: NTPE Research, Development and Marketing of Transistors and Electronic Paper Biosensors.

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NOTES TO EDITORS

Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services.

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.