viewFrontier IP Group PLC

Frontier IP takes 24% stake in Cambridge Material Testing Solutions

CMTS is developing software and hardware that can quickly, easily and more cost efficiently measure the strength and remaining work life of a metal component

offshore oil rig
If you operate an oil rig, it’s important to know if your nuts and bolts are close to failing

University technology incubator Frontier IP Group Plc (LON:FIPP) has taken a 24% stake in Cambridge Material Testing Solutions.

CMTS is developing new software and hardware to measure the material characteristics of critical metal components, such as how hard or stiff they are and their remaining working life.

Existing test equipment is bulky and can only be used in a laboratory, so CMTS is building customised systems which allow for mobile and remote testing on site.

READ: Strong growth in portfolio value for Frontier IP

It is also developing a suite of software tools which can process data generated by existing test equipment and convert it into easily understood information about a metal component’s strength.

The technology has a wide range of applications in several sectors, including in the aerospace, nuclear, and oil and gas industries where the degradation and component life assessment of something as simple as a bolt is critically important.

“Frontier IP is delighted to be working with Dr James Dean [CMTS’s chief technology officer] and his team to help accelerate the commercialisation of this exciting technology,” said Frontier IP chief executive Neil Crabb.

“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.”

No financial details of the acquisition were given.

Quick facts: Frontier IP Group PLC

Price: 57.1 GBX

Market: AIM
Market Cap: £29.65 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Frontier IP Group PLC named herein, including the promotion by the Company of Frontier IP Group PLC in any Content on the Site, the Company...



Frontier IP focused on further industrial engagement across portfolio

Neil Crabb, chief executive of Frontier IP Group Plc (LON:FIPP) caught up with Proactive's Andrew Scott following the release of their half-year report. Frontier’s portfolio includes AI drug researcher Exscientia which secured a €15mln strategic investment from drug discovery company...

on 29/3/18

2 min read