TIDMFIPP
Frontier IP Group plc
19 June 2018
RNS REACH / RNS
AIM: FIPP
19th June 2018
Frontier IP Group Plc
("Frontier IP" or the "Group")
Portfolio news - New Portfolio Company, Cambridge Material
Testing Solutions
Frontier IP, which specialises in commercialising university
intellectual property, today announces it has taken a 24 per cent
stake in Cambridge Material Testing Solutions ("the Company"), a
business established to support the work of Dr James Dean, an
expert in the mechanics and deformation of materials.
The Company is developing software and hardware to measure
material characteristics in critical metal components more swiftly,
cost effectively, and accurately than other systems. Among other
potential benefits is mobile and remote testing on site, and the
ability to assess complex components and joints.
The technology has a very wide range of applications in several
sectors, including in the aerospace, nuclear, and oil and gas
industries where material degradation and component life assessment
of high value assets is critically important.
Currently, the hardware used to measure material characteristics
forces a hard tip into a metal surface to create an indent. The
material response characteristics are measured, allowing simple
measurements of hardness and stiffness to be made. Existing
indentation test equipment is bulky and laboratory based.
Cambridge Material Testing Solutions is addressing the materials
testing challenges facing industry by focusing on two development
areas:
o a suite of software tools, called SEMPID. This can process
data generated by existing indentation test equipment and swiftly
convert it into information easily understood by engineers to
assess the strength and remaining working life of metal
components;
o customised indentation test equipment. The new systems will be
desktop-based, mobile, or fixed on site to assess critical
components while in service.
Dr James Dean received his PhD from the Department of Materials
Science at the University of Cambridge. He has worked for Frazer
Nash Consultancy, a leading systems and engineering technology
company, on a number of projects, mainly in the nuclear and
aerospace industries. He then joined Double Precision Consultancy,
a specialist in tackling complex engineering challenges.
More details about the technology are below.
Frontier IP Chief Executive Officer Neil Crabb said: "Frontier
IP is delighted to be working with Dr. James Dean and his team to
help accelerate the commercialisation of this exciting technology.
We believe Cambridge Material Testing Solutions could prove
invaluable to companies in critical sectors which need to ensure
the materials they use are safe and robust."
Cambridge Material Testing Solutions' Chief Technology Officer,
Dr. James Dean said: "Our partnership with Frontier IP is further
confirmation of our proposition's value. With Frontier IP's
expertise in the commercialisation of advanced technologies and its
ready access to the sectors we intend to penetrate, where the
accurate and non-destructive characterisation of material
properties is crucial to the safe operation of high value
assets."
ENQUIRIES
Frontier IP Group Plc T: 0131 240 1251
Neil Crabb, Chief Executive
Andrew Johnson, Communications & Investor M: 07464 546 025
Relations
Company website: www.frontierip.co.uk
Cenkos Securities plc (Nominated Adviser T: 0131 220 6939
and Joint Broker)
Neil McDonald / Beth McKiernan
Peterhouse Corporate Finance Limited (Joint T: 020 7469 0935
Broker)
Lucy Williams
Kreab (Financial PR) T: 020 7074 1800
Robert Speed / Matthew Jervois
About the Cambridge Materials Testing Solutions technology:
The Company is initially developing a suite of user-friendly
software packages that allow rapid and accurate evaluation of the
parameters that characterise mechanical properties (such as yield
stress and work hardening rate) from instrumented indentation
tests. These non-destructive tests are quick and easy to carry
out.
Another major attraction is that such experiments require only
small samples of simple shape (such as plates of mm dimensions),
while mapping of local properties over the surface of larger
samples is also possible.
The suite of software packages, called SEMPID (Software for the
Extraction of Material Properties from Indentation Data), are
application specific tools for converting indentation data into
mechanical material parameters and stress-strain curves.
An application for the calculation of stress-strain curves
(plasticity parameters) is already available in beta version. This
application can process data generated during an indentation test
(load-displacement curves or residual indent shapes) and swiftly
convert it into stress-strain data that can subsequently be used to
assess the strength and remaining working life of metal
components.
Their software solutions can significantly reduce materials
testing turnaround times and materials testing costs.
In addition, and as part of their proposed portfolio of
materials testing solutions, the Company is developing a customised
suite of indentation test equipment including a bespoke
desktop-based indenter, and a portable indenter for remote testing
of in-service and on-site components.
NOTES TO EDITORS
Frontier IP unites science and commerce by identifying strong
intellectual property and accelerating its development through a
range of commercialisation services. A critical part of the Group's
work is involving relevant industry partners at an early stage of
development to ensure technology meets real world demands and
needs.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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