Frontier IP partners with UK DIT in Portugal
RNS REACH
AIM: FIPP
2 August 2018
Frontier IP Group Plc
("Frontier IP" or the "Group")
Frontier IP steps up presence in Portugal through strategic partnership with the UK Department for International Trade
Frontier IP, a specialist in commercialising university intellectual property has signed a partnership agreement with the UK government's Department for International Trade ("DIT"), which paves the way for the Group to build on its growing position in Portugal.
The agreement will see the British Embassy in Lisbon provide strategic support to Frontier IP through regular meetings with the Ambassador and DIT staff, and introductions to potential industry partners and key decision makers in the Portuguese government and economy.
Frontier IP is already a leading university IP commercialisation partner in Portugal, home to a range of world leading companies, including those in the paper, cork and renewable energy sectors.
The Group has formal relationships with two of the country's leading universities, the Universidade de Nova de Lisboa Faculty of Science and Technology (FCT Nova) and Universidade de Évora. The Group is in discussions with several other Portuguese universities and research institutes. Frontier will be announcing the first spin out shortly.
The Group staged its highly successful Capital Markets Day at the British Ambassador's residence in Lisbon in January this year. More than 70 investors, government representatives and academics saw technology demonstrations, including medical devices and printable electronics based on cellulose technology.
The British Ambassador to Portugal Kirsty Hayes said: "We are very proud to witness Frontier IP's growth in Portugal and the increasing number of projects they are working with and currently managing. Frontier IP plays a key role in stimulating a two-way flow of knowledge and brings a wealth of expertise into the commercialisation of IP, narrowing the gap between university research and successful commercial products. We now welcome Frontier IP as one of our Strategic Partners, which is also a recognition for DIT's support to the company for the past two and a half years. It has been great to be part of this success, and we are committed to ensuring Frontier IP's continued progress in the Portuguese market."
Frontier IP Chief Executive Officer Neil Crabb said: "We're looking forward to building on our existing strong relationships with the British Embassy in Portugal and the Department of International Trade. The support and the connections they can provide will be invaluable in helping us grow our business in the country."
ENQUIRIES
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Frontier IP Group Plc |
T: 0131 240 1251 |
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Neil Crabb, Chief Executive Andrew Johnson, Communications & Investor Relations Company website: www.frontierip.co.uk |
M: 07464 546 025 |
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Cenkos Securities plc (Nominated Adviser and Joint Broker) |
T: 0131 220 6939 |
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Neil McDonald / Beth McKiernan |
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Peterhouse Corporate Finance Limited (Joint Broker) |
T: 020 7469 0935 |
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Lucy Williams |
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Kreab (Financial PR) |
T: 020 7074 1800 |
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Robert Speed / Matthew Jervois |
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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 from 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.
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