Business
New spin-out company with Plymouth University
New spin-out company with Plymouth University.
About this update from Frontier Ip Group Plc
[{"type":"text","content":"\n \nRNS Number : 0952T Frontier IP Group plc 15 November 2013 \n \n\nAIM: FIPP\n \n \nFrontier IP Group Plc\n(\"Frontier IP\")\n \nNew spin-out company with Plymouth University\n \nFrontier IP, which specialises in the commercialisation of university intellectual property, is pleased to announce the establishment of a new spin-out company, PulsiV Solar Limited (\"PulsiV Solar\"), under its long-term IP commercialisation relationship with Plymouth University. Frontier IP has received a 21% stake in PulsiV Solar and Neil Crabb, Frontier IP's Chief Executive, has taken a seat on its board.\n \nPulsiV Solar has been formed to exploit a novel approach developed by Associate Professor in Information Technology in the Faculty of Science & Environment, Dr Mohammed Zaki Ahmed, to improve the power take-off from photovoltaic solar panels. Initial test data indicates the potential for a 20% plus gain in power output versus the standard commercial technology, known as Maximum Power Point Tracking or MPPT. Photovoltaic solar power now accounts for 2.6% of European energy demand according to the European Photovoltaic Industry Association in its latest Global Market Outlook, which forecasts continued heavy investment in installing new capacity.\n \nA patent application has been filed and a larger scale multi-panel demonstrator is being installed at Tamar Science Park in Plymouth. Work is also underway to develop a series of commercial devices capable of being connected to both new and existing panels.\n \nDr Ahmed, Associate Professor in Information Technology in the Faculty of Science & Environment, Plymouth University, said,\n \n\"Current power extraction methods that use maximum power point tracking are relatively inefficient. By changing the manner in which energy is extracted from Photovoltaic panels using the PulsiV technique, the characteristics of the panel change. This has the potential to increase the power available from the panel significantly.\"\n \nNeil Crabb, Chief Executive of Frontier IP, said, \n \n\"Early results suggest that PulsiV Solar's technology has the potential to materially improve the economics and efficiency of photovoltaic solar power generation and we look forward to working with the new company as it moves into commercialisation.\"\n \n...