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Imperial Innovations / sale of Stoneglass Building Products


Imperial Innovations Group plc (AIM:IVO), today announces the first exit from the Recycling Commercialisation Centre, a facility managed by Imperial Innovations and funded by WRAP (Waste & Resources Action Programme). Stoneglass Building Products Limited ('Stoneglass'), the developer of technology to manufacture bricks, pavers and brick slips from 97% recycled glass, has been acquired by Intellitect Environmental Limited ('Intellitect') in partnership with Credit Suisse. Intellitect plans the erection of a 60,000 ton/year pilot manufacturing facility in the coming months and looks forward to introducing products to the market.

The Stoneglass technology offers building products with attractive drainage properties due to their high porosity, high dimensional accuracy for precision construction, a wide array of colours and textures offered by the manufacturing process and carbon savings as a result of less energy intensive kiln drying requirements. Commercialisation of the technology will divert significant volumes of waste container and TV glass from landfill and provides a significant move forward in the development of sustainable, closed-loop building products.

Susan Searle, CEO, Imperial Innovations said,

'The acquisition of Stoneglass by Intellitect would not have been possible without the support of the Recycling Commercialisation Centre. We are confident that Stoneglass will have a positive impact on reducing waste glass from landfill.'

Steve Creed, Director of Business Growth, WRAP said,

'WRAP has supported this project from an early stage through the Manufacturing and Business Support Programmes and we are delighted to see the successful commercialisation of the Stoneglass technology. This represents a significant new opportunity for the use of recycled glass and diversion from landfill.'

-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

Glenn Janes, Recycling Commercialisation Manager
+44 (0)20 7594 1314

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 74 technology businesses and is managing 133 commercial agreements as of 31 July 2007. 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 Stoneglass Building Products Ltd

Stoneglass Building Products specialises in developing new ways to incorporate a wide range of industrial and utility industry waste-streams into building products that have traditionally used 100% virgin raw materials. The company has now developed and is patenting a novel process for manufacturing cladding tiles, pavers and bricks made from >97% waste glass. Many waste glass streams can be used including mixed container glass, CRT panel g


Publisher Contact Information:

Imperial Innovations
+44 (0)20 7594 6591
-

Company profile of Touchstone Innovations (formerly Imperial Innovations)
Past press releases of Touchstone Innovations (formerly Imperial Innovations).

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