Key development at portfolio company PulsiV Solar
AIM: FIPP
Frontier IP Group Plc
("Frontier IP")
Key development at portfolio company PulsiV Solar
Frontier IP, which specialises in the commercialisation of university intellectual property, is pleased to announce a key development at its portfolio company Pulsiv Solar Ltd ("PulsiV Solar"). In preparation for the next phase of its commercialisation, PulsiV Solar has entered into an extended licence agreement with University of Plymouth. This new agreement now includes three patent applications and covers further intellectual property associated with circuit control and current conversion.
PulsiV Solar, a spin-out from University of Plymouth, was formed to exploit a novel approach developed to improve the power take-off from photovoltaic solar panels. The technology is designed to replace, and exceed the performance of, astandard commercial technology used in inverters known as Maximum Power Point Tracking or MPPT. Further progress has been made in development, testing and prototyping of the potential device, including positive results from benchmark testing against a leading inverter manufacturer's product.
In order to accelerate its commercialisation, PulsiV Solar intends, with the support of Frontier IP, to seek its first round of funding over the coming months.
Bob Baggott, Head of Innovation Gateway, University of Plymouth, said,
"Dr Ahmed and the team here at Plymouth are now achieving consistent results from the technology platform, which has now been significantly enhanced with improvements in approach, enabling the filing of a further two patents relating to circuit control and dc/dc conversion. The license of the three patent families to Pulsiv Solar should significantly enhance the commercial prospects for this invention."
Neil Crabb, Chief Executive of Frontier IP, said,
"We are pleased with the progress PulsiV Solar has made to date and this licence to further intellectual property will significantly enhance its potential offering. We continue to work with PulsiV Solar to help accelerate its successful commercialisation."
Enquiries
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Frontier IP Group Plc |
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T: 0131 240 1251 |
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Neil Crabb, Chief Executive |
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Company website: www.frontierip.co.uk
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Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker) |
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T: 020 7894 7000 |
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Mark Percy / Catherine Leftley, Corporate Finance |
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David Banks, Corporate Broking |
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Peterhouse Corporate Finance Limited (Joint Broker) |
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T: 020 7469 0935 |
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Lucy Williams |
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KTZ Communications |
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T: 020 3178 6378 |
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Katie Tzouliadis / Deborah Walter |
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Notes to Editor:
Frontier IP Group plc
Frontier IP specialises in assisting universities, research institutions and companies in the commercialisation and exploitation of their Intellectual Property.
This information is provided by RNS
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