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Imperial Innovations notes the success of its portfolio companies at The Engineer Awards 2007


The Engineer Awards

Imperial Innovations Group plc (AIM: IVO) is pleased to note the success of the following Imperial Innovations companies, technologies and entrepreneurs at a ceremony held on Friday 21 September to celebrate The Engineer Technology & Innovation Awards 2007.

Ionscope, a microscope technology company in which Imperial Innovations owns a 29.5% stake, has been awarded the University Spin-Out award. This award recognises excellence in a business formed within the last five years to commercially exploit a technical innovation, product, process or centre of expertise originally conceived within a university.

The Engineer’s Special Award for Outstanding Personal Achievement in technology and innovation was presented to Professor Colin Caro of Imperial College, founder of technology companies Heliswirl Technologies and Veryan Medical in which Imperial Innovations’ shareholding is 18.9% and 37.6% respectively. This award recognises Caro’s distinguished contribution to physiological and medical research and, more recently, the wide range of potential engineering applications that have arisen from his work.

Lontra, a start-up developing a new type of compressor and engine, which is in receipt of ongoing incubation support from Imperial Innovations, was runner-up for the Start-up and University Collaboration category. This category recognises excellence in such collaborations between a start-up business and a university. Imperial Innovations has a 19.6% shareholding in Lontra.

Imperial College graduates Christian Fellowes and Ryan Kerstein were also shortlisted for the Graduate Innovator Award for their disposable medical tourniquet innovation, which Imperial Innovations is in the process of commercialising.

-Ends-

For more information contact:

Imperial Innovations
Susan Searle, Chief Executive Officer +44 (0)20 7594 6591
Lucy Ahfong, Marketing Communications Executive +44 (0)20 7594 6644

M:Communications
Patrick d’Ancona / Eleanor Williamson +44 (0)20 7153 1539
JPMorgan Cazenove (NOMAD to Imperial Innovations)Steve Baldwin +44(0)20 7588 2828

Notes to Editors

About Imperial Innovations

Imperial Innovations is one of the UK's leading technology transfer and commercialisation companies. The company was founded in 1986 and its ordinary shares admitted to trading on the AIM Market of London Stock Exchange plc in July 2006, raising £25 million at an offer price of 365p and £1 million by means of a public offer.
The company’s integrated approach encompasses the identification of ideas, protection of intellectual property, development and licensing of technology and formation, incubation and investment in technology businesses. A wide range of technologies are commercialised within the areas of healthcare, energy, environment and emerging technology trends.

Based at Imperial College London, the company has established equity holdings in 70 technology businesses and has completed 116 commercial agreements. Imperial Innovations also commercialises technologies originating from outside Imperial College through incubation contracts with the Carbon Trust and WRAP and has commercialisation contracts with a number of multinational corporations including BAE Systems.

www.imperialinnovations.co.uk

About the Engineer Awards

The Engineer established the Technology & Innovation Awards to recognise and reward the contribution of universities, their staff and students to the wider UK technology economy. The benefits collaboration brings to companies, univerisities and the UK as a whole are highlighted by the Awards’ seven different categories.
www.theengineer.co.uk


Publisher Contact Information:

Imperial Innovations
+44 (0)20 7594 6591
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Company profile of Touchstone Innovations (formerly Imperial Innovations)
Past press releases of Touchstone Innovations (formerly Imperial Innovations).

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