Frontier IP Group plc

07/16/2018 | Press release | Distributed by Public on 07/16/2018 00:05

Tarsis Collaboration with Crop-Protection Company

Released : 16 July 2018 07.00am

Frontier IP Group plc

16 July 2018

RNS REACH / RNS

AIM: FIPP

16 July 2018

Frontier IP Group Plc

('Frontier IP' or the 'Group')

Portfolio news - Tarsis Technology Collaboration with World-leading Crop-Protection Company

Frontier IP, which specialises in commercialising university intellectual property, is pleased to announce that portfolio company Tarsis Technology ('Tarsis'), a spin out from the University of Cambridge, has entered into a collaboration agreement with one of the world's leading manufacturers of crop-protection products (the 'Company').

The collaboration will research the use of Tarsis' patent-pending technology to deliver chemical pesticides and fungicides in a more precise and controlled way.

Tarsis was incorporated to develop and commercialise technology created by Dr David Fairen-Jimenez, a Royal Society University Research Fellow and University Lecturer, and his research team at the Department of Chemical Engineering and Biotechnology at the University of Cambridge. The technology is based on particles called metal-organic frameworks and has potential for a wide range of industrial applications.

The Company will fund the entire research programme in return for exclusive rights to Tarsis' intellectual property for a defined set of agrochemicals. Tarsis will be paid a royalty fee for any commercially viable products that result.

Separately, Frontier IP has agreed to lend up to £150,000 to Tarsis to meet working capital requirements in return for equity options.

Tarsis Technology founder and director Dr David Fairen-Jimenez said:'We're delighted a leading player in global agrochemicals is happy to demonstrate such a strong commitment to our novel technology.'

Frontier IP Chief Executive Neil Crabb said:'We aim to bring industry and university spin-outs together at a very early stage in the commercialisation process. In that way, we ensure new technologies meet real-world demands and needs. This agreement is yet another sign our approach is beginning to pay off.'

Tarsis Technology and metal-organic frameworks:

Tarsis Technology specialises in developing metal-organic frameworks for the slower and more controlled delivery of active ingredients, such as agricultural chemicals. Metal-organic frameworks are particles combining organic and inorganic building blocks and are highly porous; they can adsorb a relatively large volume of an active ingredient compared to other types of particles.

The problem facing researchers in the past has been controlling the flow of the active ingredient from the particles - because they are porous, the ingredients leak out too quickly.

Tarsis Technology has developed a way of collapsing metal-organic frameworks (MOF) to lock an active ingredient inside the particle. There are many thousands of MOF particles, with different properties, including the rate at which they dissolve. Depending on which one is used, an active ingredient can be released over minutes, days or even months, or in response to climate or environmental changes.

ENQUIRIES

Frontier IP Group Plc

T: 0131 240 1251

Neil Crabb, Chief Executive

Andrew Johnson, Communications & Investor Relations

[email protected]

Company website: www.frontierip.co.uk

M: 07464 546 025

Cenkos Securities plc (Nominated Adviser and Joint Broker)

T: 0131 220 6939

Neil McDonald / Beth McKiernan

Peterhouse Corporate Finance Limited (Joint Broker)

T: 020 7469 0935

Lucy Williams

Kreab (Financial PR)

T: 020 7074 1800

Robert Speed / Matthew Jervois

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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