Tekcapital plc Strategic Alliance (5044Y)
02 Décembre 2014 - 8:00AM
UK Regulatory
TIDMTEK
RNS Number : 5044Y
Tekcapital plc
02 December 2014
2 December 2014
Tekcapital Plc
("Tekcapital", "the Company" or "the Group")
Tekcapital Announces Strategic Alliance with InSitech, Inc.
Tekcapital plc (AIM: TEK), an international provider of
technology and intellectual property services, is pleased to
announce it has entered into a strategic alliance with InSitech,
Inc. ("InSitech") to market InventionEvaluator.com ("Invention
Evaluator") to U.S. government agencies and national
laboratories.
Through the acquisition of Invention Evaluator
(http://inventionevaluator.com), announced on 23 July 2014, the
Group added a complementary service to its offering to enable
clients to further assess and extract value from the commercial
potential of new technologies and intellectual properties
("IP").
InSitech is a professional services firm that provides
commercialisation, business and strategic planning assistance to
the US military, other government agencies and private sector
clients (http://insitech.org/). The directors believe there are
approximately 700 federally funded laboratories in the US and that
Invention Evaluator will enable them to more effectively determine
the commercial opportunities that could be derived from the
development of new technologies in these facilities.
Commenting on the announcement, Dr. Clifford Gross, Executive
Chairman of Tekcapital plc, said:
"The acquisition of Invention Evaluator has expanded our service
offering and is already revenue generating. To expand its market
penetration into government agencies and national laboratories, we
are very excited to have entered into a strategic alliance with
InSitech, Inc. Their knowledge and track record of assisting in the
commercialisation of government developed intellectual property is
an excellent fit with Invention Evaluator's reports which provide
guidance on the marketability of newly developed technologies.
"We are confident that this strategic alliance will further add
to Invention Evaluator's recent strong revenue and profit
growth."
Commenting on the announcement, Michael P. Devine, CTO of
InSitech, Inc., said:
"We are very enthusiastic to be able to provide the Invention
Evaluator service to our clients in U.S. government agencies and
laboratories. Their comprehensive reports which assess the
marketability of new technologies should prove valuable to a wide
range of government organisations involved in the development of
new technology."
For further information please contact:
Tekcapital Plc +1 305 200 3450 Ext 305
Clifford M. Gross, Ph.D., Executive cgross@tekcapital.com
Chairman
InSitech, Inc. +1 973 659 3334
Alex Cocoziello, Director of Business
Development acocoziello@insitech.org
Northland Capital Partners Limited
(NOMAD & Broker) +44 (0) 20 7382 1100
William Vandyk / Lauren Kettle (Corporate
Finance)
John Howes / Alice Lane (Corporate
Broking)
Optiva Securities Limited (Co-Broker) +44 (0) 20 3137 1904
Jeremy King / Vishal Balasingham jeremy.king@optivasecurities.com
FTI Consulting, LLP +44 (0) 20 3727 1000
Chris Lane / Emma Appleton / Roger
Newby tekcapital@fticonsulting.com
About Tekcapital plc - The World's Largest University Network
for Open Innovation
Tekcapital helps clients profit from new, university-developed
intellectual properties. With our proprietary discovery search
engine, linked to 3,300+ universities in 160 countries, coupled
with expert scientific review, we provide a turn-key service to
make it easy for clients to find and acquire the IP they need to
create a competitive advantage. Tekcapital plc is listed on the AIM
market of the London Stock Exchange (AIM: symbol TEK) and is
headquartered in Oxford, in the UK. For more information, please
visit www.tekcapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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