Frontier IP Group plc ALUSID Wins Prestigious IChemE Award
04 November 2016 - 10:00PM
RNS Non-Regulatory
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Frontier IP Group plc
04 November 2016
AIM: FIPP
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4 November 2016
Frontier IP Group Plc ("Frontier IP")
Portfolio News - ALUSID Wins Prestigious Institution of Chemical
Engineers (IChemE) Award
Frontier IP, which specialises in the commercialisation of
intellectual property, is pleased to announce that its portfolio
company Alusid Limited ("ALUSID") has been awarded this year's
IChemE Global Award 2016 for Best Business Start-Up against a
shortlist of international nominees, which included businesses from
the UK, USA and New Zealand.
The full text of the announcement made by ALUSID is set out
below.
ALUSID is delighted to announce that it has won this year's
IChemE Global Award 2016 for Best Business Start-Up. The IChemE
awards celebrate excellence, innovation and achievement in the
chemical, biochemical and process industries.
ALUSID is based in Preston, Lancashire, where it manufactures
SilicaStone(R) - an eco-architectural material made from 100%
recycled glass and vitrified ceramic that would otherwise end up in
landfill. Its unique, patent pending, process allows for materials
to be created without the use of resin, cement or other binders,
making it fire and heat resistant as well as making it recyclable
at the end of its life.
SilicaStone(R) was designed as a uniquely adaptable alternative
to natural stone products for use as feature walls for interiors
and exterior cladding or as solid surfaces. It can be colored and
finished in a variety of different shapes and textures all of which
are UV stable and durable.
ALUSID is currently working on the design of an automated
production plant with a major Italian tile equipment manufacturer
in preparation for considerably upscaling production.
Dr Alasdair Bremner, Operations Manager at Alusid, said: "To be
recognised in such a strong field for this prestigious award is
fantastic. For our work to be recognised for its innovation is
testament to the dedication, enthusiasm and commitment of our team
in creating a new benchmark for sustainability in construction and
architecture."
Neil Crabb, Director, Alusid said "It is extremely satisfying to
have secured this engineering award for a product which is
manufactured from recycled materials, in a low environmental impact
manufacturing process that produces zero waste, at a time when
ethical manufacturing and sourcing is increasingly important for
large corporations and public contracts."
Notes
ALUSID - a university spinoff company - was born from a research
project led by Professor David Binns and Dr Alasdair Bremner, at
the University of Central Lancashire. The company aims to be a
leader in the supply of premium engineered sustainable
architectural materials and remains at the forefront of this
growing sector through continuous research and development.
Website: www.alusid.co.uk
High resolution Images are available for download from our
website http://www.alusid.co.uk/press-media/
The Institution of Chemical Engineers (IChemE) is the global
professional membership organisation for chemical engineering
professionals and anyone involved with the process industries,
including the emerging bioprocess sector. It has over 44,000
members in over 120 countries. The IChemE awards were held at The
Palace Hotel Manchester on Thursday the 3(rd) of November 2016.
ENDS
Enquiries
Frontier IP Group Plc T: 0131 240 1251
Neil Crabb, Chief Executive
Company website: www.frontierip.co.uk
Cantor Fitzgerald Europe T: 020 7894 7000
(Nominated Adviser and
Joint Broker)
David Foreman, Catherine
Leftley, Corporate Finance
David Banks, Sales
Peterhouse Corporate Finance T: 020 7469 0935
Limited
(Joint Broker)
Lucy Williams
Kreab T: 020 7074 1800
Robert Speed, Matthew Jervois
Notes to Editor:
About 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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November 04, 2016 07:00 ET (11:00 GMT)