Frontier IP Group plc New Portfolio Company - MolEndoTech
05 July 2017 - 4:00PM
RNS Non-Regulatory
TIDMFIPP
Frontier IP Group plc
05 July 2017
RNS REACH
AIM: FIPP
5 July 2017
Frontier IP Group Plc
("Frontier IP" or the "Group")
New Portfolio Company - MolEndoTech
Frontier IP, which specialises in the commercialisation of
intellectual property, is pleased to announce that it has received
a 20 per cent. stake in Molendotech Limited ("MolEndoTech"), a
spinout company from Plymouth University.
MolEndoTech has been created to develop and commercialise the
work of Simon Jackson, Professor of Environment and Human Health
within the Plymouth University, Peninsula Schools of Medicine and
Dentistry.
The MolEndoTech team has developed a rapid assay to screen water
for faecal contamination. Current tests on the market may take
hours or even days to show results, whereas MolEndoTech's
technology typically produces results in under 15 minutes. Rapid,
point-of-use testing to determine water quality enables more
informed decision-making about the use of water and significantly
improves the ability to identify and track the pollution
source.
A patent has been filed in relation to the technology which has
already been granted in the US for recreational waters. The
technology has attracted early interest from industry.
Neil Crabb, CEO, Frontier IP Group plc said:
"We are looking forward to working with Professor Jackson and
his team to help accelerate the commercialisation for this
promising technology. We believe that MolEndoTech has an exciting
future in the critical area of water quality assurance and are
pleased to see the technology is already generating interest in the
marketplace."
Professor Simon Jackson, Director of MolEndoTech, said:
"This is a great opportunity to take MolEndoTech's technology to
market. Frontier IP has an excellent track record of
commercialising technology and we will be working closely with them
to commercialise our innovation."
Enquiries
Frontier IP Group Plc T: 0131 240 1251
Neil Crabb, Chief Executive
Company website: www.frontierip.co.uk
Cenkos Securities plc (Nominated T: 0131 220 6939
Adviser and Joint Broker)
Neil McDonald / Beth McKiernan
Peterhouse Corporate Finance T: 020 7469 0935
Limited (Joint Broker)
Lucy Williams
Kreab (Financial PR) T: 020 7074 1800
Robert Speed / Matthew Jervois
Notes to Editor:
Frontier IP Group plc
www.frontierip.co.uk.
Frontier IP specialises in assisting institutions and companies
in the commercialisation and exploitation of their intellectual
property. It establishes formal and informal relationships with
sources of exploitable IP, principally universities. Its core
business is building and growing a portfolio of equity stakes in
spin--out companies by taking an active involvement in the
commercialisation and funding of these businesses.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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