Frontier IP Group PLC (AIM:FIPP, OTC:FGPPF) said its portfolio company, Alusid, has successfully collaborated with Imerys to create commercial floor tiles made from 100% recycled waste, which require less gas and water to manufacture than conventional tiles.
The intellectual property group noted that Alusid and Imerys, a world leader in minerals used for floor tiles, over the last few months have been running two parallel trials to make products using Imerys by-products.
The pair have been creating floor tiles and larger items such as coffee tables.
Frontier IP said both trials were successful, and that the floor tiles are now attracting commercial interest.
It noted that the collaboration started after Alusid was named as one of two winners in Imerys' start-up innovation factory competition last year.
The purpose of the competition was to “enable Imerys to research potential partners to collaborate on innovation to meet circular economy challenges,” the company said.
"We're delighted with Alusid's success in, first, being one of only two winners from a global competition organised by a multinational group, and second, in developing a wholly new product from Imerys' by-products,” commented Frontier chief executive Neil Crabb in a statement.
Frontier IP holds a 38.9% stake in Alusid.