RedOx Collaboration Agreement

Applied Intellectual Capital Ltd
09 May 2008

9 May 2008



                      APPLIED INTELLECTUAL CAPITAL LIMITED


             COLLABORATION AGREEMENT WITH UNIVERSITY COLLEGE DUBLIN


RedOx Biofuels and researchers at University College Dublin sign agreement to
convert post-consumer waste into bio-degradable plastics


Applied Intellectual Capital ("AIC") (AIM: AINC) and RedOx Biofuels ("RedOx"), a
wholly-owned subsidiary of AIC, have today announced a new collaborative
scientific research agreement with Dr Kevin O'Connor from University College
Dublin's (UCD) School of Biomolecular and Biomedical Science, to investigate
methods of converting post-consumer waste into bio-degradable plastics.


By combining Dr O'Connor's patent-pending microbiological technology and AIC/
RedOx's proprietary technology (mediated metal redox ("MMR")), the proposal is
to convert several waste streams into bio-degradable plastics which can be used
in a variety of forms ranging from plastic bottles to surgical parts thereby
replacing traditional fossil fuel-based plastics. The collaboration may also be
extended in the future to produce other value added products like bio-fuels from
waste.


"This agreement with Dr Kevin O'Connor and his team at University College Dublin
offers RedOx exciting new potential avenues for converting consumer waste
streams into value-added products," says Kim Ogaard-Nielsen, CEO of RedOx. "We
are very excited by this additional branch to our business activity."


"Power and diversity can meet with extraordinary results at the interface
between chemistry and biology," says Dr Kevin O'Connor, UCD. "This new
collaboration with AIC/RedOx shows how chemo-biological synergy can offer real
solutions for waste by using it to generate value added products."



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NOTES FOR EDITORS:


About AIC


AIC is an AIM listed company that funds, develops, patents and commercialises
electrochemical and advanced separations technologies in clean energy,
electricity storage, water treatment, metals recovery and other emerging
markets.  AIC listed on AIM in January 2007 and currently has a market
capitalisation of approximately #107 million.


About RedOx


RedOx is a wholly-owned subsidiary of AIC that uses its proprietary Metal
Mediated Reduction Oxidation (MMR) synthesis technology to make ethanol, other
biofuels, and high-value chemicals. RedOx aim is to reduce the global dependence
on fossil fuels and products by making the production of biofuels and products
more cost effective.



About Dr Kevin O'Connor, University College Dublin (UCD)


Dr O' Connor's research at University College Dublin has resulted in the
creation of a unique patent-pending technology for the conversion of post
consumer waste to biodegradable plastic. The research involves applying the
diversity of the microbial world to converting previously considered dead-end
products to value added commodities. This is achieved using molecular tools as
well as bioprocess manipulations.



Contact:


RedOx Biofuels Limited
Kim Ogaard-Nielsen
Tel. [phone]

Applied Intellectual Capital
Dr Stephen Clarke
Tel. [phone]

University College Dublin
Dominic Martella
External Communications Manager
Tel. +353 [phone]

Pelham Public Relations
Archie Berens
Tel. [phone]

Nabarro Wells
Marc Cramsie
Tel. [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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