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Frontier IP Group plc
09 May 2023
Reach - a non-regulatory announcement
AIM: FIPP
09 May 2023
Frontier IP Group Plc
("Frontier IP" or the "Group")
Portfolio news - Topps Tiles launches first Alusid-made wall
tile range
Frontier IP, a specialist in commercialising intellectual
property, today announces that portfolio company Alusid Limited
("Alusid" or the "Company") has launched its first range of
mass-produced wall tiles made from its sustainable materials with
Topps Tiles, the retail arm of Topps Tiles Plc (or "Topps Group"),
the UK's no.1 tile specialist.
A first range of wall tiles has already been launched
exclusively in UK retail by Topps Tiles and is now available in
four colours online and in store. Called Principle, the tiles are
made on industry-standard mass production equipment from a minimum
of 91 per cent recycled industrial waste, one of the highest levels
in the global tile industry.
The industrial waste used includes tile dust, tableware
production sludge, glass and ceramics and much of this has no other
use and is sent to landfill. Using recycled material also means
fewer raw materials, such as clay, feldspar and quartz, need to be
mined. Each square metre of Principle tiling saves 8kg of waste
from landfill and 14kg of raw material from extraction.
Because Alusid's patented recipes and methods remove processing
stages during manufacture, the Principle tiles are made using 23
per cent less gas during production than the processes used to make
the equivalent type of tile.
Alusid's products have attracted significant industry interest.
Following a collaboration with Imerys, a global leader in
speciality minerals, the Company is now trialling mass production
of hard-wearing floor tiles, which comprise some 60 per cent of the
total tile market in the UK, according to MTW Research.
As well as Topps Tiles, customers of Alusid include Starbucks,
Pret a Manger, H&M, the BBC and the Stonehenge Visitor Centre,
run by English Heritage. The Topps Tiles agreement builds on the
existing relationship with Parkside, the commercial arm of Topps
Group, which is also selling Principle and a hand-made range,
Sequel.
Frontier IP holds a 37.5 per cent equity stake in the
Company.
Tim Tatlock, Buying Director Topps Tiles, said: "The Alusid-made
Principle range combines high-quality and good looks with a level
of recycled content among the highest in the industry. We believe
they will prove popular with our customers. Backing innovative
suppliers, such as Alusid, to support recycling and circularity, is
an important part of our goals to achieve environmental leadership
in the sector and our aim to be carbon neutral in 2030 with regards
to scope 1 and 2 as set out in the Greenhouse Gas Protocol. This is
only the start of our relationship with Alusid, and we look forward
to developing new products with the company in the years to
come."
Alasdair Bremner, Alusid's CEO said: " The launch of Principle
with Topps Tiles is a huge step forward for Alusid into mass
production and scalability and is the result of many years hard
work from our team. We're excited about the potential this unique
partnership with the UK's leading tile retailer holds in the coming
years, and to working with the company to reduce the environmental
impact of the ceramic tile industry."
Frontier IP Chief Executive Neil Crabb said: "Alusid's agreement
with Topps Tiles represents strong validation of the Company's
technology and the high quality of the tiles produced - and at
industrial scale. We are very excited by the company's potential,
given the size of the global tile market, successful trials of
mass-made floor tiles and the unique nature of the patented
technology."
ENQUIRIES
Frontier IP Group Plc T: 020 7332 2338
Neil Crabb, Chief Executive neil@frontierip.co.uk
Andrew Johnson, Communications & Investor M: 07464 546 025
Relations
Company website: www.frontierip.co.uk
Allenby Capital Limited (Nominated Adviser) T: 0203 328 5656
Nick Athanas / George Payne
ABOUT TOPPS GROUP
Topps Tiles' retail omni-channel brand is the UK's number one
tile specialist with more than 300 stores across the UK. The brand
has seen another record-breaking sales year alongside a customer
sentiment growth of 1.2% (now averaging a leading OSAT score of
over 90%) and a market share of 19%. The brand is firmly on track
to reach the Group's strategic goal of 1 in 5 by 2025 whilst
working to become carbon neutral by 2030.
For more information, please visit http://www.toppstiles.co.uk
.
ABOUT ALUSID
Alusid creates beautiful, premium-quality tiles and
architectural surfaces by recycling industrial waste ceramics,
glass and other materials much of which would otherwise end in
landfill.
The company's Sequel ranges are distributed exclusively by
Parkside Architectural Tiles, the commercial arm of Topps Tiles.
Sequel Vibe was named Wall Tile of The Year in The Tile
Association's prestigious awards in 2020.
Alusid also makes its own products under the brand name
SilicaStone distributed in the UK by Panaz. Customers include COS,
part of H&M, Christian Dior, Nando's, Harrods, Selfridges,
Amazon UK and Pret-a-Manger.
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.
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