logo-loader
viewFrontier IP Group PLC

Halma subsidiary begins commercial roll-out of water test which uses Frontier IP’s investee company’s tech

Palintest has developed a rapid water testing kit which uses Molendotech’s technology

people running in to lake
SirenBW returns results within 20 minutes or so

A subsidiary of FTSE 100 tech firm Halma PLC (LON:HLMA) has started the commercial roll-out of SirenBW – a rapid water testing kit which uses a technology developed by Frontier IP Group PLC’s (LON:FIPP) investee company, Molendotech.

Frontier IP holds a 14.1% stake in Molendotech, a spinout from the University of Plymouth.

READ: Frontier IP unveils £2. 5mln equity raise

It can sometimes take up to two days to assess the quality of recreational water because samples need to be sent back to a laboratory for analysis, but SirenBW can return results on-site and within 20 minutes.

The commercial roll-out will focus on the UK and Ireland initially and include the establishment of a number of demonstrator sites.

“We're delighted with the rapid progress the agreement with Palintest is making,” said Frontier chief executive Neil Crabb.

“It has taken less than 18 months from when Molendotech was first incorporated to the full commercial rollout of the first product based on its novel intellectual property. We are confident the company will continue to make strong progress.”

Further applications are being developed with Palintest to leverage the real-time availability of pathogen risk in water.

Molendotech is also working with other commercial partners in food and beverage production. Tests under development include those for detecting pathogens on fresh produce and in the water used to irrigate it.

Quick facts: Frontier IP Group PLC

Price: 72.4 GBX

AIM:FIPP
Market: AIM
Market Cap: £30.72 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Frontier IP Group PLC named herein, including the promotion by the Company of Frontier IP Group PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Frontier IP Group 'well positioned for another positive performance'

Frontier IP Group PLC's (LON:FIPP) Neil Crabb tells Proactive London's Andrew Scott he's confident their portfolio will continue to grow after profits in its latest full-year increased 160%. The fair value of the group’s investment portfolio also increased by 47% to £13.25mln, while it ended...

2 weeks ago

2 min read