TIDMIVO
RNS Number : 9156S
Imperial Innovations Group plc
28 May 2009
Embargoed: 0805hrs, 28 May 2009
Imperial Innovations Group plc
("Imperial Innovations" or the "Company")
Imperial Innovations Portfolio Company IP Trade Sale to Technip
Imperial Innovations (AIM:IVO), a leading technology commercialisation and
investment company, is pleased to note the following announcement issued today
by Technip and HeliSwirl, one of its portfolio companies:
PRESS RELEASE
Paris & London, May 28, 2009
TECHNIP EXPANDS ITS TECHNOLOGICAL LEADERSHIP IN ETHYLENE BY ACQUIRING
INTELLECTUAL PROPERTY RIGHTS FROM HELISWIRL
Technip and HeliSwirl are pleased to announce that Technip acquired the
intellectual property rights for the application of the small amplitude helical
tubing technology for steam cracking* furnaces from HeliSwirl on May 15, 2009.
This technology was invented at Imperial College London, and then transferred to
HeliSwirl for its commercial development.
This acquisition broadens Technip's technological offer and will reinforce its
position as leader on the steam cracking furnace market.
*Note: Steam cracking: petrochemical process using steam to crack hydrocarbon
molecules in order to produce ethylene and propylene.
About Technip
Technip is a world leader in the fields of project management, engineering and
construction for the oil & gas industry, offering a comprehensive portfolio of
innovative solutions and technologies.
With 23,000 employees around the world, integrated capabilities and proven
expertise in underwater infrastructures (Subsea), offshore facilities (Offshore)
and large processing units and plants on land (Onshore), Technip is a key
contributor to the development of sustainable solutions for the energy
challenges of the 21st century. Present in 46 countries, Technip has operating
centers and industrial assets (manufacturing plants, spoolbases, construction
yard) on five continents, and operates its own fleet of specialized vessels for
pipeline installation and subsea construction.
The Technip share is listed on Euronext Paris exchange and over the counter
(OTC) in the USA.
About HeliSwirl
Incorporated in 2004, the HeliSwirl group of companies is a spin-out from
Imperial Innovations Group PLC. HeliSwirl's principal investors are Imperial
Innovations Group PLC, Carbon Trust Investments, and Esmee Fairbairn
Investments.
The HeliSwirl group is developing a new platform technology to greatly increase
fluid flow efficiency for many industrial processes, thereby increasing process
yield and reducing cost.
The technology solutions are based on the patent protected Small Amplitude
Helical Tubing ("SMAHT") technology, invented by Professor Colin Caro, who
remains an active member of the HeliSwirl board of directors.
HeliSwirl is progressively developing a number of separate business units based
on individual industrial applications of the SMAHT technology.
+------------------------------------------+----------------------------------------------------------+| Technip Contacts |
HeliSwirl |
| Public Relations | Contacts
|
| Christophe Bélorgeot |
Philip |
| +33 (0) 1 47 78 39 92 | Birch,
|
| Floriane Lassalle-Massip | Chief
|
| +33 (0) 1 47 78 32 79 |
Executive |
| press@technip.com | +44 (0)
|
| Investor Relations | 7951 764
|
| Kimberly Stewart | 798
|
| +33 (0) 1 47 78 66 74 |
pbirch@heliswirl.com |
| kstewart@technip.com | Imperial
Innovations |
| Antoine d'Anjou | Contacts
|
| +33 (0) 1 47 78 30 18 | Susan Searle,
Chief |
| adanjou@technip.com |
Executive |
| Web site: | Diana
Crisp, PR |
| http://www.technip.com | Manager
|
| | +44 (0)20
7594 6589 |
| |
M:Communications |
| | Patrick
d'Ancona or |
| | Ben
Simons |
| | +44 (0)20
7153 1540 |
| | J.P. Morgan
Cazenove |
| |
|
| | (nominated
advisor |
| | to
Imperial |
| |
Innovations) |
| | Steve
Baldwin |
| | +44(0)20
7588 2828 |
| |
|
+------------------------------------------+----------------------------------------------------------+
About Imperial Innovations
Imperial Innovations is one of the UK's leading technology commercialisation and
investment companies. Founded in 1986 and admitted to the AIM Market of the
London Stock Exchange in 2006, Imperial Innovations' access to early stage
technology and intellectual property is unparalleled. Imperial Innovations'
integrated commercialisation approach encompasses the identification of ideas,
the protection of intellectual property, the development and licensing of
technology and the formation, incubation and funding, through investment, of
technology businesses.
Based at Imperial College London, Imperial Innovations' portfolio of equity
holdings in more than 80 companies spans across its four core areas of
Healthcare, Engineering, Energy & Environment and Software & IT.
Companies in the portfolio include: Nexeon (lithium ion battery technology),
Circassia (allergy therapeutics), Polytherics (drug development), Evo Electric
(electric motor and generator solutions), Respivert (respiratory drug
development), Quantasol (solar concentrators) and Inforsense (business
analytics)
Imperial Innovations has already realised significant value from its investments
to date including from a recent trade sale in December 2008 when Thiakis
Limited, a company in which Imperial Innovations had a 23.7% stake, was sold for
up to GBP100 million to US-based Wyeth Pharmaceuticals.
www.imperialinnovations.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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