RCS - Frontier IP Group - Portfolio news: Alusid launches luxury Block range

Frontier IPAnnouncement

09/04/2020 07:00

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RNS Number : 2831J  Frontier IP Group plc  09 April 2020

RNS REACH

AIM: FIPP

09 April 2020

 

Frontier IP Group plc

("Frontier IP" or the "Group")

 

 

Portfolio news - Alusid launches luxury Block range through exclusive
Kickstarter campaign

 

 

Frontier IP, a specialist in commercialising intellectual property, announces
that portfolio company Alusid Limited ("Alusid" or the "Company") has launched
a new luxury brand called Block via an exclusive Kickstarter campaign in
collaboration with design consultancy Collective HQ.

 

Block, which has been named as a "Project We Love" by the Kickstarter team,
demonstrates the ability of Alusid to create beautiful, premium-quality,
hand-crafted solid surfaces from no less than 98 per cent recycled glass and
ceramic industrial waste. The initial products being made under the Block name
are a range of small-to-medium sized occasional tables. Alusid is making the
tabletops, while Collective HQ are making the bases. More details can be found
 here
(https://www.kickstarter.com/projects/378123883/block-handmade-sustainably-designed-contemporary-furniture?ref=ax4m5d)
. Kickstarter awards "Project We Love" status to those which "really stand
out".

 

The project shows the versatility of Alusid's patented processes to recycle
industrial waste, much of which would otherwise go to landfill, to create
attractive tiles, tabletops and other surfaces. Clients for bespoke products
include Harrods, Selfridges, Amazon UK, Nando's and Pret-a-Manger, all of
which have been secured by UK distributor Panaz.

 

Parkside Architectural Tiles, the commercial arm of Topps Tiles plc, is also
distributing the Company's upmarket Sequel range of wall tiles.

 

Alusid has now also successfully adapted its patented technologies for scale
up to mass production on industry-standard tile making equipment, increasing
production capacity from 4,000m(2) a year to 1,000m(2) a day, opening up new
markets for the Company. The initial production run has been bought by a major
retailer.

 

Alusid is a spin out from the University of Central Lancashire ("UCLan"). It
was co-founded by Chief Executive Officer Dr Alasdair Bremner and Creative
Director Professor David Binns, who is also Head of Contemporary Ceramics at
UCLan. Frontier IP holds a 35.6 per cent equity stake in Alusid.

 

Alusid co-founder and Chief Executive Officer, Dr Alasdair Bremner, said:
"This Kickstarter project, in collaboration with Collective HQ, allows us to
open up and demonstrate new creative possibilities for our material through
these high-end tables. Our strong belief is people are keen to buy sustainable
products, but only if they match the aesthetic appeal of non-sustainable
equivalents. Block is an ideal way for us to show this."

 

Frontier IP Chief Executive Officer, Neil Crabb, said: "Alusid has made
excellent progress this year, despite the uncertainty and delays caused by the
COVID-19 outbreak. It has successfully demonstrated that it can scale up to
mass production on industry-standard tile making equipment and has won new
customers. This Kickstarter project and Block shows the Company can meet the
needs of different markets across a number of different price points."

 

 

ENQUIRIES

 

 Frontier IP Group Plc                                                  T: 020 7332 2338
 Neil Crabb, Chief Executive                                            neil@frontierip.co.uk

 Andrew Johnson, Communications & Investor Relations                    M: 07464 546 025

 Company website: www.frontierip.co.uk (http://www.frontierip.co.uk/)
 Allenby Capital Limited (Nominated Adviser)                            T: 0203 328 5656
 Nick Athanas / Nicholas Chambers

ABout frontier IP

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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