New advisory client, Vertequip
AIM: FIPP
Frontier IP Group plc
("Frontier IP" or "the Company")
New Advisory Client - Vertequip
Frontier IP, which specialises in the commercialisation of intellectual property, is pleased to announce that it has been engaged to provide advisory and business development services to VERTEQUIP - Equipamentos e trabalhos verticais, LDA ("Vertequip").
Vertequip, a Portuguese company, was formed to develop and exploit a new technology, STEP (http://site.vertequip.com/products), which allows the service and maintenance of high vertical structures to be performed in a safer, faster and more cost-effective way. Vertequip is targeting the renewable energy, construction, offshore oil & gas and relevant industrial markets. Current customers include utilities and energy companies, who respectively use Vertequip solutions in wind turbines and dams, and for the maintenance of offshore oil rigs.
Frontier IP will assist Vertequip in further exploiting the commercial potential of its technology and to accelerate the expansion of its sales into new and existing markets.
Neil Crabb, Chief Executive of Frontier IP, said,
"This collaboration with Vertequip represents an exciting opportunity for Frontier IP in the energy market. Our strategy to focus on energy as one of our key sectors is progressing well, as we expand our resource and build connections to a network of market players such as EDP and Iberdrola, two major utilities. We look forward to working with Vertequip to maximise the potential of its innovative technology and product range."
Pedro Goncalves, Chief Operating Officer of Vertequip, said,
"We are delighted to enter into this agreement and get the support of Frontier IP on the commercialisation of our innovative products."
Enquiries
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Frontier IP Group Plc |
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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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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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020 7469 0935 |
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Lucy Williams |
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KTZ Communications |
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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.
Vertequip - Equipamentos e trabalhos verticais, LDA
Vertequip specialises in the production of service and maintenance equipment for high vertical structures, including oil rigs, wind turbines, mines and construction sites. Its principal product, STEP, is designed to increase safety and enhance productivity when working at considerable heights.
Vertiquip is based in Portugal, with distributors selling its products across Europe, Africa, the Middle East and South America.
http://site.vertequip.com/products
This information is provided by RNS
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