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Parkside Architectural Tiles launch Alusid range
Parkside Architectural Tiles launch Alusid range.
About this update from Frontier Ip Group Plc
[{"type":"text","content":"\n \nRNS Number : 3591V Frontier IP Group plc 08 April 2019 \n\n8 April 2019\n \nFrontier IP Group Plc\n(\"Frontier IP\" or the \"Group\")\n \n \nPortfolio news - Parkside Architectural Tiles to launch exclusive Alusid sustainable tile range \n \n \nFrontier IP, a specialist in commercialising university intellectual property, today announces that Parkside Architectural Tiles (\"Parkside\"), the commercial arm of Topps Tiles plc serving the architecture and design market, is to launch an exclusive range of sustainable tiles made by the Group's portfolio company Alusid (\"Alusid\" or the \"Company\"). Frontier IP holds a 35.6 per cent stake in the Company. \n \nThe tiles will be made from recycled porcelain and glass industrial waste through Alusid's patented process, which also uses less energy than conventional tile manufacturing. \n \nParkside will sell the tiles under the brand name Sequel in a range of different formats and colours. They will be launched at this year's Clerkenwell Design Week in London, from the 21 to 23 May. \n \nSequel tiles will also be on display at the new Parkside design studio in Clerkenwell. \n \nAlusid, a spin out from the University of Central Lancashire, has already enjoyed success with its SilicaStone-branded tiles, tabletops and other surfaces. Customers include Amazon, Nando's and Wells Fargo bank, which is using Alusid's products in its prestigious London HQ. There are more than 100 projects in the pipeline. \n \nThe Company raised £1.34 million in September last year to support planning to scale up manufacturing, a move expected to transform capacity from 4,000m2 a year to 30,000m2 a month. \n \nAlusid co-founder and chief operating officer Dr Alasdair Bremner said: We're very excited about the launch of our new Sequel brand by Parkside Architectural Tiles. Our strategy has always been that customers will not buy a product because it is greener, but because it is of premium quality as well as being sustainable. We believe this launch vindicates that approach.\" \n \nFrontier IP chief executive Neil Crabb said: \"Alusid continues to thrive and attract new customers and, of course, we're delighted about the Parkside launch. We believe there is greater demand to be fulfilled, and we are now actively exploring options t...