RCS - Frontier IP Group - Portfolio news – Pulsiv appoints Chairman and CPO

Frontier IPAnnouncement

11/09/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230911:nRSK9325La&default-theme=true

RNS Number : 9325L  Frontier IP Group plc  11 September 2023

Reach - a non-regulatory announcement

AIM: FIPP

11 September 2023

 

Frontier IP Group Plc

("Frontier IP" or the "Group")

 

 

Portfolio news - Pulsiv appoints Dr Mark Gerhard as Chairman and Dr Tim Moore
as Chief Product Officer

 

Frontier IP, a specialist in commercialising intellectual property, today
welcomes the following announcement from portfolio company Pulsiv Limited (the
"Company" or "Pulsiv") of the appointments of Dr Mark Gerhard as Chairman and
Dr Tim Moore as Chief Product Officer. Both will be members of the
  Company's Board of Directors.

 

Mark is a serial entrepreneur and technology pioneer with a long history of
growing and exiting businesses in the video games, artificial intelligence
("AI") and cyber-security sectors. They include Jagex, the developer of the
Runescape online game, which was sold for $250 million in 2010 when Mark was
Chief Executive Officer.

 

He is currently chairman of MarketWise, a Nasdaq-listed provider of investment
research and investor services, co-founder and Chief Executive Officer of AI
software and computer games developer PlayFusion, and founder of investment
firm Cambridge Ventures.

 

Tim is joining the Company full time from his role as Chief Technology Officer
for SharkNinja, a Nasdaq-listed consumer electronics group. He has extensive
experience in developing innovative products, taking them from invention to
launch. Tim was previously Chief Technology Officer of multinational consumer
technology brand ghd.

 

Frontier IP holds an 18.2 per cent equity stake in Pulsiv.

 

Neil Crabb, Frontier IP Chief Executive Officer, said: "I am delighted to
welcome Mark and Tim (full time) to the Pulsiv Board of Directors. Pulsiv has
now developed a global distribution network and has attracted significant
industry interest, including a collaboration with Salom, a major manufacturer
of power supplies. Mark and Tim's long and successful history of building
businesses and products will prove invaluable as Pulsiv now enters an exciting
stage of its journey to become a significant green technology business."

 

Pulsiv statement begins:

 

Appointment of Dr Mark Gerhard as Chairman and Dr Tim Moore as Chief Product
Officer

 

Cambridge 11 September 2023

 

Pulsiv, the Cambridge-based deep tech start-up set to revolutionise power
conversion and renewable energy generation, is pleased to announce the
appointments of Dr Mark Gerhard as Chairman and Dr Tim Moore as Chief Product
Officer.

·    Mark is a serial entrepreneur and technology pioneer who has
successfully grown and exited businesses in the video games, artificial
intelligence and cyber-security sectors.

·    Previously a Pulsiv non-executive director, Tim is joining the
company full-time having recently served as Chief Technology Officer for
SharkNinja, a NYSE-listed consumer electronics group.

 

Dr Mark Gerhard

 

Mark was the Chief Technology Officer and then Chief Executive Officer of
Jagex, one of the UK's largest independent games developers and publishers,
which he grew from a single product company to one with multiple games running
on multiple platforms. Jagex was sold for $250 million in 2010 while Mark was
CEO. He co-founded and was CEO and CTO of Beauty Labs International, a
developer of AI tools for the beauty industry which was sold to US biotech
Amyris Inc in 2021 for a nine-figure sum, and was CEO of Ascendant Digital
Acquisition Corp, a special purpose acquisition company. Ascendant Digital
merged with Beacon Street Group, a company providing investment research and
other investor services, in a deal worth $3 billion. The combined entity,
called MarketWise, is listed on Nasdaq. Mark now chairs the company.

 

His other current roles include founder and CEO of PlayFusion and founder of
investment firm Cambridge Venture Partners. PlayFusion is an independent games
developer and publisher, which is creating a next-generation artificial
intelligence platform and immersive game and TV show. He is Vice-chair of
TIGA, the UK trade body for video games developers and publishers and serves
as a board member and director of UK games developer Build A Rocket Boy.

 

Dr Tim Moore

 

Tim has a proven record of developing and releasing innovative products from
invention through to global launch. He has worked in China, Europe and the US
for start-ups, private equity backed companies and major corporates. Having
recently held executive roles with multinational consumer technology brands
such as ghd and SharkNinja, he brings extensive industry knowledge to Pulsiv.
He has driven considerable value in M&A and transactions, selling to both
private equity and industry participants. While he was Chief Technology
Officer of ghd, Tim was a key team member in three sales of the Jemella Group,
owner of ghd, over a 10-year period.

 

 

 

"I'm delighted to welcome Mark at such an important stage in our journey. His
vision, experience and drive will help Pulsiv to capitalise on our progress to
date and achieve global ambitions. It's also a huge vote of confidence that
Tim has chosen to take a full-time role. He has been a valuable member of our
Board and will heavily influence the evolution of Pulsiv's product portfolio.
We have an opportunity to cut the energy consumed by billions of devices and
harness more solar power than existing solutions. Company values and culture
are very important to Pulsiv, so anyone who knows Mark or Tim will recognise
that they're a great fit."

 

Pulsiv CEO Darrel Kingham

 

"Pulsiv has all the technology and talent to become a global leader in power
conversion technology. With 52 fundamental granted patents and a further 31
patents pending, Pulsiv is perfectly placed to be disruptive and offer
something new to the power electronics industry. Their simple business model
coupled with their deep IP portfolio and an experienced management team is
highly analogous to ARM computing for power conversion. I am honoured and
privileged to join the team as Chairman at this very exciting time for the
company."

 

Pulsiv Chairman Dr Mark Gerhard

 

"I have been involved with Pulsiv since 2021 and have seen the excellent
progress that the company has made since then. Its technology has the
potential to be highly disruptive across a very broad range of applications.
Pulsiv OSMIUM can improve the efficiency of electricity conversion in a
cost-effective way by using readily available electronic components. What is
so exciting is that the technology is ready now to reduce bills for consumers
and rapidly drive the much-needed decarbonisation of our economy. I am
thrilled to have the chance to join full time and use my experience to drive
positive impact in the green economy."

 

Pulsiv Chief Product Officer Dr Tim Moore

 

 

 

Pulsiv statement ends

 

 

 

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 / George Payne

ABOUt pulsiv

Based in Cambridge, UK, Pulsiv has developed and patented innovative
technology to intelligently manage power wherever it is converted. Pulsiv
OSMIUM products are designed to improve efficiency, optimise cost and reduce
overall energy consumption in billions of electrical devices that are powered
or charged from a mains supply. In addition, Pulsiv Horizon provides a unique
power architecture for extracting the maximum energy from photovoltaic panels
to increase the total output from future solar installations.

 

Pulsiv is committed to helping the world move towards 100% renewable energy
and reducing the long-term environmental impact of all electronic devices.
Find out more at https://www.pulsiv.co.uk/

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.

About Reach announcements

This is a Reach announcement. Reach is an investor communication service
aimed at assisting listed and unlisted (including AIM quoted) companies
to distribute media only / non-regulatory news releases into the public
domain. Information required to be notified under the AIM Rules for
Companies, Market Abuse Regulation or other regulation would be disseminated
as an RNS regulatory announcement and not on Reach.

 

 

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRABDGDCLBBDGXG