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Market:	AIM
Sector:	Support Services
EPIC:	FIP
Latest Price:	70.50 (0.00%)
52-week High:	71.80
52-week Low:	21.50
Market Cap:	51.33M

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Fusion IP Full Fusion IP profile here

Fusion IP owns the rights to 100% of the university-owned research generated at two of the UK's leading universities – The University of Sheffield and Cardiff University. These exclusive partnerships enable us to invest in some the world's most advanced and exciting science, turning world class research into business through the creation of a growing portfolio of companies, in fields as varied as drug discovery, alternative energy and engineering.

Fusion IP partner Magnomatics named New Energy Pioneer by Bloomberg New Energy Finance

Friday, March 19, 2010

University IP commercialisation specialist Fusion IP (AIM: FIP) told investors that one of its partner companies, Magnomatics, has been selected as a New Energy Pioneer at the Bloomberg New Energy Finance Summit. The Sheffield-based electromechanical engineering company was recognised for its progressive work in the field of clean energy technology and innovation.

According to Bloomberg New Energy Finance, Magnomatics are potential 'game-changers' in the field of clean energy technology and innovation. “The work they are doing is progressive and significant to the future of the energy sector”, New Energy Finance Chief Executive Michael Liebreich commented. “we think they could play a significant role in the world's transition to a lower carbon, more secure, smart, decentralised energy system".

Magnomatics develops magnetic transmissions and ultra-compact, highly efficient magnetically-geared, motors and generators.

“We have further developed our products over the last twelve months and achieved considerable industry engagement. We share Bloomberg New Energy Finance's belief that our products have the potential to be 'game-changing' in clean energy technology", Magnomatics MD Chris Kirby said.

Magnomatics' contactless, lubricant-free, magnetic transmissions and magnetically-geared Pseudo Direct Drive (PDD) machines offer new engineering possibilities ranging from efficient, gearless, generators for wind turbines, to lighter and more compact motors for hybrid vehicles, Fusion said.

The company said that the PDD offers particular benefits for large offshore wind turbines where efficiency and reliability are paramount, and the greatest challenges are presented for mechanical gearboxes. According to Magnomatics the PDD, which operates without a mechanical gearbox, has the low maintenance and reliability advantages of direct drive generators, but with the reduced size benefits of geared systems.

Magnomatics was founded in 2006, when it was spun-out through Fusion IP’s agreement with the University of Sheffield.

It has been a busy start to the year for the IP commercialisation group. In February Fusion announced its latest spin-out from the University of Sheffield, Seren Photonics, an ultra-high efficient light-emitting diode (LED) company.

In addition to its partnership with the University of Sheffield, Fusion also has a similar exclusive partnership with Cardiff University. These long-term exclusive agreements give Fusion access to a combined R&D (research and development) spend of over £185 million a year.

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