Frontier IP Group - Bonduelle collaboration with Fieldwork Robotics
Frontier IP Group plc
("Frontier IP" or the "Group")
Portfolio news - Bonduelle Group signs collaboration agreement with Fieldwork Robotics to develop cauliflower harvesting robot
Frontier IP, a specialist in commercialising intellectual property, today announces that portfolio company Fieldwork Robotics ("Fieldwork" or the "Company"), is to develop a cauliflower harvesting robot in collaboration with the Bonduelle Group ("Bonduelle"), one of the world's leading vegetable producers.
It is the second application of Fieldwork's flexible and patented agricultural robot technology to gain food industry backing. The Company has already made strong progress with a raspberry-harvesting robot in collaboration with Hall Hunter Partnership, one of the
Bonduelle operates in more than 100 countries and generated annual revenue of c.
Fieldwork, a spin out from the University of Plymouth, will initially work on the detection and soft robotics technology with a view to creating an early-stage prototype during the second year of the collaboration. Bonduelle will provide access to fields and its expertise in vegetables and knowledge of different growing and harvesting conditions. Frontier IP holds a 26.7 per cent equity stake in the Company.
Significant progress has already been made on the cauliflower technology. Company co-founder Dr Martin Stoelen, lecturer in robotics at the University of Plymouth and Associate Professor at the Western Norway University of Applied Science, initially started developing a cauliflower harvesting robot system in a project funded by Agri-Tech Cornwall, an initiative part funded by the European Regional Development Fund with match-funding from Cornwall Council. He has also worked on a tomato harvesting project.
Fieldwork has raised
Frontier IP Group Plc
T: 020 7332 2338
Company website: www.frontierip.co.uk
M: 07464 546 025
Allenby Capital Limited (Nominated Adviser)
T: 0203 328 5656
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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.
Frontier IP is the commercialisation partner for the University of Plymouth.
ABOUT THE UNIVERSITY OF PLYMOUTH
The University of Plymouth is renowned for high quality, internationally-leading education, research and innovation.
With a mission to Advance Knowledge and Transform Lives,
It has a strong track record for teaching and learning excellence, and has one of the highest numbers of National Teaching Fellows of any
* Research Fortnight Research Power League Table 2014.
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