Frontier IP Group plc Molendotech - Palintest start commercial roll out
27 December 2018 - 6:01PM
RNS Non-Regulatory
TIDMFIPP
Frontier IP Group plc
27 December 2018
RNS REACH / RNS
AIM: FIPP
27 December 2018
Frontier IP Group Plc
("Frontier IP" or the "Group")
Portfolio news - Palintest starts commercial roll out of
Molendotech bathing water quality test Siren(BW)
Frontier IP, which specialises in commercialising university
intellectual property, today announces that Palintest, a subsidiary
of FTSE 100 group Halma plc, has started commercial roll out of
Siren (BW) , a rapid water testing kit based on technology
developed by portfolio company Molendotech Ltd (the "Company").
The commercial roll out will focus on the UK and Ireland
initially and include the establishment of a number of demonstrator
sites. Currently, it can take more than two days for local
authorities and regulators to assess the quality of recreational
water because samples must be sent to a laboratory for lengthy and
complex analysis.
Siren (BW) can be used on location by moderately-skilled
technicians and can produce a result in 20 minutes.
Palintest's move follows successful technical evaluation and
demonstration during the 2018 bathing water season. The technical
demonstration programme has also begun at several iconic Australian
locations to accelerate the global roll out of the Siren(BW) during
the southern hemisphere summer.
Frontier IP holds a 14.1 per cent stake in Molendotech, a spin
out from the University of Plymouth. It was established to
commercialise the work of Simon Jackson, Professor of Environment
and Human Health at the University's Faculty of Medicine and
Dentistry.
Further applications are being developed with Palintest to
leverage the real-time availability of pathogen risk in water.
Molendotech is also working with other commercial partners in food
and beverage production. Tests under development include those for
detecting pathogens on fresh produce and in the water used to
irrigate it.
Palintest open innovation product manager Ian Leahy said: "It
sounds strange to be discussing bathing water quality in the middle
of a British winter but the fact is that people want to enjoy safe
and high quality bathing water all year round - even on Boxing Day!
By combining Palintest's core competence of simplifying water
safety validation with Molendotech's technology we can finally
deliver a screening tool that matches the behaviour of recreational
water users."
Molendotech chief executive officer Professor Simon Jackson
said: "It is a great achievement for the applications of our
research to be commercialized with the launch of the first bathing
water testing kit by Palintest that will allow a rapid assessment
of bathing water quality. Molendotech researchers are working on
further developments of the assay that will have many applications
in a range of settings and benefit both industry and the public
"
Frontier IP Group chief executive officer Neil Crabb said:
"We're delighted with the rapid progress the agreement with
Palintest is making. It has taken less than 18 months from when
Molendotech was first incorporated to the full commercial roll out
of the first product based on its novel intellectual property. We
are confident the Company will continue to make strong
progress."
For more Siren(BW) details, please contact
ian.leahy@palintest.com
ENQUIRIES
Frontier IP Group Plc T: 0131 240 1251
Neil Crabb, Chief Executive
Andrew Johnson, Communications & Investor M: 07464 546 025
Relations
Company website: www.frontierip.co.uk
Allenby Capital Limited (Nominated Adviser T: 0203 328 5656
and Broker)
Nick Athanas / Nicholas Chambers (Corporate
Finance)
Amrit Nahal (Equity Sales)
ABout frontier IP Group
Frontier IP unites science and commerce by identifying strong
intellectual property and accelerating its development through a
range of commercialisation services. A critical part of the Group's
work is involving relevant industry partners at an early stage of
development to ensure technology meets real world demands and
needs.
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.
Frontier IP is the commercialisation partner for the University
of Plymouth.
ABOUT THE UNIVERSITY OF PLYMOUTH
The University of Plymouth is renowned for high quality,
internationally-leading education, research and innovation.
With a mission to Advance Knowledge and Transform Lives,
Plymouth is a *top 50 research university with clusters of world
class research across a wide range of disciplines including marine
science and engineering, medicine, robotics and psychology. A twice
winner of the Queen's Anniversary Prize for Higher Education, the
University of Plymouth continues to grow in stature and
reputation.
It has a strong track record for teaching and learning
excellence and has one of the highest numbers of National Teaching
Fellows of any UK university. With 21,000 students, and a further
17,000 studying for a Plymouth degree at partner institutions in
the UK and around the world, and over 100,000 alumni pursuing their
chosen careers globally, it has a growing global presence.
http://www.plymouth.ac.uk
* Research Fortnight Research Power League Table 2014.
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END
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