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Arvia Technology appoints new CEO


22 January 2009

MTI announces the appointment of Martin Keighley as CEO of its portfolio company, Arvia Technology Ltd (‘Arvia’), to drive the commercialisation of the business and build the management team.

Prior to joining Arvia Martin Keighley was European Managing Director for Tata Chemicals / Brunner Mond.

Arvia has developed a low cost and low maintenance process for the removal of micro pollutants from water and is a spin-out company from the University of Manchester’s School of Chemical Engineering.

The UMIP Premier Fund (UPF) and Alliance Fund Managers (AFM) invested £800,000 in Arvia in September 2008, which enabled the Company to undertake commercial trials at customer sites validating Arvia’s technology. On completion of the commercial trials the Company will be aiming to have in place the necessary management team to enable Arvia’s products to go into full scale commercial delivery.

The UMIP Premier Fund was established in 2008 with the objective of providing late seed capital to spin-out companies primarily from the University of Manchester that have promising new technology. MTI is the manger of the UPF and has made three investments since its launch. With offices in the UK and the US, MTI possesses a wealth of experience in technology investing. Commenting on today’s announcement, MTI Managing Partner, David Ward said:

“The ability to attract world class business talent underlines the quality of UPF investments and its dealflow. Arvia has just taken a significant step forward.” - ENDS -

Contact information:

MTI
David Ward
+ 1 9788750888

Mark Rahn
+44 (0) 7879 488741

Waughton

Robin Hepburn
+ 44 (0) 20 7796 9999

Notes to Editors:

MTI

MTI is a leader in the field of technology venture capital, and one of the most successful and experienced technology fund managers in the UK. With a sustained performance record across more than two decades and four venture funds, of which the most recent was over £100m, MTI has 80 years of aggregate experience in technology investing. (www.mtifirms.com) ARVIA

ARVIA Technology is a company that was set up in January 2007 with a wealth of high-level commercial and technical experience primarily from the water industry. The process developed by Arvia offers a significant breakthrough in truly cost-effective removal of organic micropollutants. The process, which is patent-protected, is of particular interest for direct replacement of activated carbon. (www.arviatechnology.com)

UMIP PREMIER FUND

The University of Manchester will provide the first rights to the Fund for investment in spinouts, giving the Fund first chance on offering ‘late seed’ capital in the order of £500k - £2m per spin-out, to academics with promising technology.

10% of the Fund will be allocated to making proof-of-principle awards (~£50k+), representing the seed corn for future deals for the Fund. In addition, the Fund will have the option to invest up to 20% in deals that do not originate from the University of Manchester. (www.theupf.com) UMIP

The University of Manchester Intellectual Property Limited (UMIP) is the managing agent of The University of Manchester for intellectual property commercialisation. UMIP's role is to enhance the reputation of the University's intellectual property development through successful spin-out and licensing business activities.

UMIP will manage early stage proof-of-principle awards, which are a novel feature of the Fund, thereby kick-starting the new ideas coming out of the University. The University currently has up to ten spinout companies looking for funding. (www.umip.com)

AFM

Alliance Fund Managers is the fund manager for Merseyside Special Investment Fund, the largest regional fund in the UK. AFM provide loans and equity packages from £3,000-£4million to businesses based in, or prepared to relocate to, Merseyside. In addition to funding AFM can also provide access to a range of business support services designed to help businesses develop and grow. (www.afm.uk.com) UNIVERSITY OF MANCHESTER

The University has an exceptional record of generating and sharing new ideas and innovations. Many advances of the 20th century began at the University, such as the work by Rutherford leading the splitting of the atom, and the development of the world’s first modem computer. The University has an annual income of £637m and was named University of the Year in The Sunday Times in 2006. Manchester aims to become one of the top 25 research universities in the world by 2015. (www.manchester.ac.uk)


Publisher Contact Information:

MTI
+ 1 9788750888
-

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