Frontier IP on the rise as portfolio company Exscientia mulls initial public offering
Exscientia's registration statement relating to the share securities has been filed with the SEC but has not yet become effective
Company
LON:FIPP
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 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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Exscientia's registration statement relating to the share securities has been filed with the SEC but has not yet become effective
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Frontier IP Group’s UK based portfolio company Exscientia Limited ("Exscientia") announced yesterday that it was entering into a US$70 million collaboration, over a four-year period, with the Bill & Melinda Gates Foundation’s Strategic Inve
Exscientia will use its technology platform and in-house expertise to discover and develop five phase 1-ready assets
CamGraphIC was spun out of Cambridge University to develop key graphene-based products that are seen in the telecoms industry as key enablers for 5G technologies
Adam Westcott will join Pulsiv from AMTE Power, an AIM-listed developer and manufacturer of lithium-ion and sodium-ion battery cells
David Flower previously served as managing director, Europe, for Boon Rawd Brewery, the maker of Singha beer, as well as MD for home baking at Kerry Foods
Pulsiv's technology improves the efficiency with which alternating current, AC, is converted into direct current, DC, and vice versa
"We are working to strengthen management teams across our portfolio," said Frontier's CEO, Neil Crabb
The investee, which uses AI to create pharmaceutical drugs, raised US$225mln and also has access to an additional US$300mln from SoftBank at its discretion
The investment firm focuses on providing consultancy services to universities and other research organisations to help them commercialise any intellectual property arising from their research
The AIM-listed firm reported a pre-tax profit of £3mln, up 45% year-on-year, while the fair value of its investment portfolio increased by 21%
Hardware & electrical equipment
Fieldwork has raised £675,000 from existing and new investors, which Frontier said will allow it to scale up a fruit harvesting robot to bring it to market
Alusid has appointed David Taylor, former CEO of Amec Developments, a director of the Olympic Development Authority, and chairman of HullCityBuild and Elevate East Lancashire
The company said the €100,000 investment will help to accelerate the validation and development of inSignals technology to aid deep brain stimulation surgery on patients suffering from Parkinson's disease
AquaInSilico will receive US$250,000 as part of a two-year project to help protect and conserve the coastal marine environment around the Cape Verde archipelago in West Africa
The founding was backed by Novo Holdings, Evotec, Bristol Myers Squibb and GT Healthcare Capital
Pulsiv Solar has raised £890,000 in new money to accelerate the development and scale-up of its technology, which improves the energy efficiency of power converters
A new technology that reduces the chance of wine becoming "corked" has been unveile, which Frontier IP's partner, FCT NOVA helped develop
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Darren Winter, a former senior sales director whose experience includes sales director roles at HSBC, has been appointed to assist Frontier's portfolio companies with their fundraising requirements
The investment, made by private investors in return for a 10% equity stake, values Elute at £2.5mln post-money, and Frontier IP's holding of 41% at £1.0mln
The CRIMSON consortium includes 10 organisations aiming to develop faster and more accurate technologies to provide highly detailed images of cells and tissue
Rui Andres, Fieldwork Robotics' chief executive officer, said: "Innovate UK has been following our work closely, and we are very grateful for the continued support."
“We believe that Frontier IP represents an excellent opportunity for investors to gain exposure to early-stage technology companies,” the broker said
The £125,000 investment has been matched by £100,000 from Frontier IP and £25,000 from a private investor for a total fundraising of £250,000
The investment firm noted “strong commercial and technical progress” as its net asset value climbed to 51p from 41.4p last year
The collaboration will work to develop a vaccine for porcine respiratory and reproductive syndrome virus, one of the most economically damaging diseases in the global pig industry
Fieldwork has already made strong progress with a raspberry-harvesting robot in collaboration with Hall Hunter Partnership
The UK Government's Future Fund contributed a £360,000 investment
The £84,000 grant from Innovate UK will be used to support Fieldwork’s plans to expand its team and develop facilities amid “growing interest" in its agricultural robot technology
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The Company has made its first technology investment in Acuity Risk Management Ltd, (‘Acuity’), which operates an award winning software business specialising in risk management. Acuity’s business is the supply of its proprietary software,
In the new role, Mark Rosten will be focused on identifying opportunities and driving forward software development and projects across the group’s portfolio
The product, developed by Frontier portfolio company Elute, works in a completely different way to conventional search engine technology
The government has invested £250,000 through its Future Fund, set up to support innovative businesses through the coronavirus pandemic
CEO Neil Crabb and non-executive director Mike Bourne participated in the share offer, with the former acquiring 54,545 shares, lifting his stake to 5.43%
It is the first external equity investment in the company and values it at £1.5mln
The grant from the European Institute of Innovation and Technology is expected to allow AquaInSilico to build on its collaboration with a European water and waste management group
Pulsiv, in which Frontier owns an 18.9% stake, is also in discussions with investors to raise further funding at a “significant premium” to its book value
Nature-inspired computing includes particle swarm optimisation, based on how birds and fish behave in flocks and schools, and genetic algorithms, software techniques based on natural selection and evolutionary genetics
The IP investor said the German engineering group will help Fieldwork optimise its robotic arms and develop software to reduce cost and increase their speed
Frontier said the headway made by TVG during the past year is likely to result in a "material valuation uplift” of its stake in the business
Built around the work of Cambridge researcher Dr Ioanna Mela, the investigation will attempt to identify at least one DNA nanostructure to take forward into commercial development
Hardware & electrical equipment
The group includes users from multinationals, high-tech SMEs and professional IP services providers whose feedback will be used to refine the functionality of the product
The new capital will be used to expand Exscientia's existing portfolio and pipeline and to accelerate international expansion, including in the USA
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Banquet Buffet Frontier IP Group 69.5p £35.22m (AIM:FIPP) The Specialist in commercialising intellectual property, notes that portfolio company Exscientia, a world leader in AI-driven drug discovery, has entered into a collaboration with US
The agreement will see Escientia and SRI implement a new approach to drug discovery using automated synthetic-chemistry and AI
The group said Molendotech’s testing technology has attracted “strong interest internationally” from potential customers concerned about secondary infections during the coronavirus pandemic
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Ariana Resources 3.45p £36.56m (AIM:AAU) Preliminary production results for the quarter ended 31 March 2020 for the Kiziltepe Mine (50%). · Gold production for the quarter was 5,129 ounces (Q4 2019: 7,318 ounces#), exceeding average annuali
The patents cover Pulsiv’s power conversion and solar microinverter technologies and are the 13th awarded globally
The Block brand, which has been launched by Alusid in collaboration with design consultancy Collective HQ, will initially make small-to-medium-sized occasional tables
The move is a joint initiative with Diamond Light Source and Calibr, a division of Scripps Research (USA)
Elute's advanced software tools will allow researchers to search for articles mentioning terms related to the outbreak
Hardware & electrical equipment
The new company is developing tools and algorithms to diagnose problems with wastewater treatment systems before they can be detected by humans
At end 2019, the net asset value of the portfolio was 46.6p, up from 41.4p in June, while cash balances stood at £4mln
Hardware & electrical equipment
The ScienceIN2Business competition invites academics to put forward projects with commercial potential, five of which are then chosen to be taken further
Hardware & electrical equipment
The first human trials have started in the US while Russia and China are ramping up developments too
Frontier chief executive Neil Crabb lauded the progress made by The Vaccines Group
Hardware & electrical equipment
CRIL is developing a microscope which uses graphene to modulate ultra-short pulses of light to diagnose and track cancer tumours
Hardware & electrical equipment
Celerum is a spin-out from Robert Gordon University in Aberdeen to commercialise the work of professor John McCall, the head of its computing, science and digital media school
Hardware & electrical equipment
The DSP-1181 drug, created as part of a joint development agreement with Japanese firm Sumitomo Dainippon Pharma, is designed to treat OCD
Hardware & electrical equipment
The fundraising values the University of Plymouth spin-off at £9.5mln, thus giving an assumed value of £1.6mln to Frontier’s 17% stake.
Hardware & electrical equipment
The fundraising values Fieldwork at around £5.05mln, while Frontier’s stake is now worth £1.36mln compared to its previous value of £415,000
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A glance at some of the day's highlights from the Proactive Investors newswire
Hardware & electrical equipment
Exscientia will initially work on three projects focused on accelerating the discovery of small molecule drugs using its AI-powered discovery platform, Centaur Chemist
Hardware & electrical equipment
The firm, which specialises in the commercialisation of intellectual property, reported a full-year pre-tax profit of £2.35mln, up from £902,000 in 2018, while total revenues jumped 81% to £4.27mln
The appointees will deepen and expand the group's industrial partnerships and those of its portfolio companies.
Hardware & electrical equipment
The new company, Elute, will incorporate technology from CFL Software, which provides document analysis technology to bodies such as UCAS
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A glance at some of the day's highlights from the Proactive Investors newswire
Exscientia will deploy its AI drug discovery platform Centaur Chemist to design pre-clinical drug candidates for the joint venture
Investments and investor services
A look at the day's major movers, starting with Shearwater, BlueRock, Frontier Smart Technologies, Science Group, MyCelx, Immotion, Biome and Cerillion
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A glance at some of the day's highlights from the Proactive Investors newswire
As part of the partnership, Exscientia was entitled to become a GT Apeiron shareholder and receive milestone payments and royalties based on the clinical and commercial success of its drug discovery programmes
Investments and investor services
The UK's index of leading company shares closed Friday down nearly 23 points at 7,345
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including Pressure Technologies. Clontarf Technologies, Oxford Biomedica, Trafalgar Property, Yü, Proton Power and Frontier IP
Further trials for the system are scheduled for later this year, with a commercial system expected to be manufactured in 2020
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The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of the biggest risers and fallers in London on Tuesday
The project, Emporia4KT, is aiming to build bridges between academia, businesses and governments in order to develop innovations to boost activities such as fishing, shipbuilding, tourism and ocean-based energy
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The UK's premier share index shed over 22 points at 7,418, while the FTSE 250 shed over 86 points at 19,824
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at some of the day's major movers, including Totally, Ascent Resources , Firestone Diamonds, Adept4, LightwaveRF and Adept4
Frontier, which holds an 18.9% stake in Pulsiv, said the solar energy firm’s work with Bosch would be funded as part of a £288,732 project backed by a £129,929 grant from Innovate UK
Investments and investor services
A look at the day's major movers, including Gordon Dadds, Motif Bio, Proton Power, Regal Petroleum, Saga and Xeros Technology
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A glance at some of the day's highlights from the Proactive Investors newswire
Hardware & electrical equipment
Exscientia has delivered a lead molecule using artificial intelligence
Investments and investor services
Mid-cap cousin FTSE 250 was also lower, shedding around 56 points at 19,507
Investments and investor services
A look at the day's major movers, including Edenville Energy, Beowulf, Panthera Resources, Management Resource Solutions, Independent Oil & Gas, Block Energy, Highlands Natural Resources and Reabold Resources
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A glance at some of the day's highlights from the Proactive Investors newswire
Frontier, which holds a 27.5% stake in Fieldwork, said the funding would put towards a project to create a multi-armed robot prototype
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Some of the main news-driven risers and fallers in London on Wednesday…
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
The intellectual property investor reported that for the six months to 31 December 2018, the fair value of its portfolio had increased to £11.5mln from £9.1mln in the prior six months
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Mrs May reportedly told MPs that she will resign before the next phase of the Brexit negotiations.
The collaboration included an initial upfront payment of US$25mln for Exscientia in addition to “substantial milestones” and tiered royalties on net sales of any product developed
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the major news-driven risers and fallers on Wednesday …
Archive
A glance at some of the day's highlights from the Proactive Investors newswire