Business
Portfolio news: new portfolio company AquaInSilico
Portfolio news: new portfolio company AquaInSilico.
About this update from Frontier Ip Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 6393H\n Frontier IP Group plc\n 26 March 2020\n \n \n \n \n \n RNS Reach\n \n \n \n \n \n AIM: FIPP\n \n \n \n \n \n 26 March 2020 \n \n \n \n \n \n \n \n Frontier IP Group Plc\n \n \n \n \n \n (\"Frontier IP\" or the \"Group\")\n \n \n \n \n \n \n \n \n Portfolio news - new portfolio company AquaInSilico \n \n \n \n \n \n Frontier IP, a specialist in commercialising intellectual property, today announces it is taking a 29 per cent equity stake in AquaInSilico Lda (the \"Company\"), which is developing software tools to optimise wastewater treatment across many different industries. \n \n \n The Company, a spin out from Portugal's NOVA University, NOVA School of Science and Technology (\"FCT NOVA\"), has developed sophisticated algorithms, based on deep knowledge of biological and chemical processes, able to understand and predict how they unfold in different operating conditions. These include detecting possible problems with processes, often before they can be diagnosed by humans. AquaInSilico is Frontier IP's fourth spin out in Portugal.\n \n \n This will allow companies, such as oil groups, brewers, pulp, paper, steel makers, food processing and waste recovery businesses and municipal wastewater treatment plants, to tune and adapt their treatment systems more effectively, and is expected to save them up to 25 per cent of their operating costs.\n \n It also supports the improved recovery of valuable and recyclable products, such as nutrients, biogas, and volatile fatty acids that can be used in biofertilisers and biofuels. The Company believes this could result in new sustainable technologies in future.\n \n \n \n \n One early application of the technology will be to make the removal and reuse of phosphorus from wastewater plants, which is widely used in fertiliser, more environmentally friendly and effective. \n \n \n \n \n \n Current phosphorus extraction methods use chemicals that bind to the phosphorus and precipitate it. However, it is difficult and expensive to break the connection between the binder and the phosphorus. AquaInSilico uses a mathematica...