22 October 2019
Frontier IP Group Plc
("Frontier IP" or the "Group")
Frontier IP appoints senior advisers to step up industry engagement
Frontier IP, a specialist in commercialising university intellectual property, today announces the appointment of John Price and Air Vice-Marshal Gary Waterfall CBE as specialist advisers to deepen and expand the Group and its portfolio companies' industrial partnerships.
John and Gary will provide specialist expertise, insight and advice across the food and agriculture, and defence industries respectively, to support Frontier IP and its portfolio companies. The roles are part time and they will not sit on the Group's board of directors.
John has been appointed as Senior Food and Agritech Adviser. He spent 25 years working for Mars, Incorporated ("Mars"), the global food and petcare group, where he rose to become Vice-President Operations Europe. He subsequently became chairman of Mars' pension fund trustees.
Gary has been appointed Senior Defence Adviser. He served for 34 years in the Royal Air Force, including flying Harriers and serving for three years with the Royal Air Force Acrobatic Team, The Red Arrows. His roles included commanding the Royal Air Force's Air Combat Group (No 1 Group) and service as the UK's National Air Defence Commander. His final role before retirement was as Chief of Staff at The Permanent Joint Headquarters at Northwood, where he was responsible for planning and executing joint operations involving all three services around the world. He is also a fellow of the Royal Aeronautical Society.
These appointments reflect the growing maturity of the Group's business and the technologies under development throughout the portfolio, which has resulted in increasing interest and traction from industry.
Portfolio companies collaborating closely with industry include Fieldwork Robotics, Molendotech, Nandi Proteins, Pulsiv Solar and The Vaccine Group. Industry and sector collaborators announced to date include Bosch, Devro, G's Group, Hall Hunter Partnership, Palintest, and the US Defense Advanced Project Research Agency.
Commenting on the appointments, John Price said: "I'm delighted to be joining Frontier IP at such an exciting time of innovation in the food and agritech industries, driven by changing consumer tastes and rapid advances in technology. There is strong potential in the Group's portfolio companies to take advantage of these trends."
Air Vice-Marshal Gary Waterfall said: "It is a real honour to join Frontier IP at such an important period. Already I can see clear synergies and potential utility for many of Frontier IP's current collaborative partnerships across wide swathes of UK Defence as it continues to be a force for good employed on operations around the globe."
Neil Crabb, chief executive officer of Frontier IP, said: "Industry engagement is a central part of what we do. It allows us to validate technology, understand how best to scale up, and ensures we are meeting real-world needs or demands. The vast experience of John and Gary and the support they can provide will help to significantly strengthen this aspect of our business."
Frontier IP Group Plc
T: 020 7332 2338
Neil Crabb, Chief Executive
Andrew Johnson, Communications & Investor Relations
M: 07464 546 025
Group website: www.frontierip.co.uk
Allenby Capital Limited (Nominated Adviser)
T: 0203 328 5656
Nick Athanas / Nicholas Chambers
ABout frontier IP
Frontier IP unites science, finance and industry 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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