Frontier IP Group plc ALUSID Wins Prestigious IChemE Award

TIDMFIPP

Frontier IP Group plc

04 November 2016

AIM: FIPP

RNS Reach

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

NRAFSEFSLFMSEIF

(END) Dow Jones Newswires

November 04, 2016 07:00 ET (11:00 GMT)