TP Group PLC Nanotechnology licence agreement
June 03 2019 - 1:01AM
RNS Non-Regulatory
TIDMTPG
TP Group PLC
03 June 2019
RNS Reach
3 June 2019
TP Group plc
("TP Group" or the "Company" or the "Group")
Nanotechnology licence for carbon dioxide treatment
TP Group (AIM: TPG), the specialist services and engineering
group, has entered into a nine year exclusive licensing agreement
with Batelle Inc., to be a technology partner for their innovative
nanotechnology material, SAMMS (the "Agreement"). The Agreement
enables TP Group to develop and deploy carbon dioxide (CO(2) )
removal equipment for transportation and life support systems in
ground, marine, air and space vehicles.
Batelle Inc. is a global research and development organisation,
headquartered in Columbus, Ohio in the United States. Their
facility at Pacific Northwest National Laboratory has produced a
new nanostructured sorbent material. SAMMS was originally developed
under funding from the US Department of Energy to bind mercury from
contaminated groundwater. It has many other applications including
the treatment of carbon dioxide.
It is intended that the SAMMS material will be used as the basis
for an alternative approach to management of carbon dioxide levels
in confined spaces. The new systems are designed to offer a
technological and performance boost in this application as the
sand-like material differs from existing treatments in either solid
or liquid form and eliminates certain of their environmental and
operational issues.
TP Group will continue to work with the traditional systems that
it has supplied to many global customers, with the new systems
sitting alongside these to provide a more comprehensive range of
options in this field.
Phil Cartmell, Chief Executive Officer of TP Group,
commented:
"This Agreement demonstrates our continued and successful
investment in technology development and adoption to deliver the
most advanced solutions to our customers whilst also allowing them
to select from a range of options to find the one that best suits
their long-term operational needs.
"It is part of TP Group's strategy to develop a Centre of
Excellence for gas and fluid management systems - specifically
arising from our historical strength in CO(2) capture. This
Agreement complements our partnership with Micropore Inc. and
contributes to the Group's plan to be a trusted provider of a range
of compact, high-performance equipment with many applications in
the defence, space and global energy sectors."
For further information, please contact:
TP Group plc Tel: 01753 285 810
Phil Cartmell, Chief Executive Officer
Derren Stroud, Chief Financial Officer
www.tpgroup.uk.com
Cenkos Securities plc Tel: 020 7397 8980
Mark Connelly / Stephen Keys / Callum
Davidson
www.cenkos.com
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Fiona Henson / Charlie
Neish
www.vigocomms.com
Notes to Editors
TP Group designs and develops advanced technologies, engineers
complex equipment and systems, and provides support throughout
their operational life. The Company's shares have been traded on
AIM since July 2001.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRALLFEEEDILVIA
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