7th Mar 2007 08:00
Imperial Innovations Group plc07 March 2007 Imperial Innovations Group plc ("Imperial Innovations") Strategic Partnership with Chinese Technology Transfer Center Imperial Innovations Group plc (AIM: IVO), the technology commercialisation andinvestment company, today announces that it has entered into a Memorandum ofUnderstanding (MOU) with International Technology Transfer Centre ("ITTC"), anational technology transfer center for Greater China (Mainland China, HongKong, Macau, and Taiwan), to build a long-term and sustainable strategicrelationship to commercialise emerging technologies and to increase innovationnetworks between the UK and Chinese economy. ITTC and Imperial Innovations have agreed to establish partnership and developcooperation in the following aspects: Joint and reciprocal market development initiatives Imperial Innovations will be able to offer affiliated companies the opportunityof using ITTC's commercialisation services for market development in China,while ITTC will bring promising technology start-ups to Imperial Innovations forassistance in market development and commercialisation services for the UK andEurope. Commercial portfolio of projects ITTC and Imperial Innovations will develop a commercially orientated portfolioof projects, involving research organisations and corporations from UK andGreater China, focused on technologies and markets of growing importance such asplastic electronics, optics, water and air purification. Product scale-up collaborations Imperial Innovations and ITTC will arrange reliable partnerships for companiesseeking access to the Chinese market as well as low-cost quality assuredmanufacturing capabilities for scaling up production. Susan Searle, CEO, Imperial Innovations, said, "This partnership with ITTC gives us access to the fastest growing technologyand industrial economy in the world. It will provide our technology companieswith greater market opportunities in China, enabling them to leverage thelow-cost, world-class manufacturing and technology development resourcesavailable in China. We will also have privileged access to some of the besttechnology start-ups from China and we look forward to assisting them infulfilling their market potential with our industry partners." Dr. Hongxin Tan, President, ITTC, said, "A bridge has to be built to realize cooperation between technology transfercompanies in China and UK, as well as facilitate Chinese technology transfercompanies' entry into the UK market and vice versa. ITTC and ImperialInnovations are the bridge towers, which will build a sound base for cooperationand ensure smoothness of cooperation." -Ends- For more information contact: Imperial InnovationsSusan Searle, Chief Executive Officer +44 (0)20 7594 6591Lucy Ahfong, Marketing Communications Executive +44 (0)20 7594 6644 M:Communications +44 (0)20 7153 1539Patrick d'Ancona / Eleanor Williamson Notes to Editors About Imperial Innovations Imperial Innovations is one of the UK's leading technology transfer andcommercialisation companies. The company was founded in 1986 and its ordinaryshares admitted to trading on the AIM Market of London Stock Exchange plc inJuly 2006, raising £26 million. The company's integrated approach encompassesthe identification of ideas, protection of intellectual property, developmentand licensing of technology and formation, incubation and investment intechnology businesses. A wide range of technologies are commercialised withinthe areas of healthcare, energy, environment and emerging technology trends. Based at Imperial College London, the company has established equity holdings in66 technology businesses and has completed 90 commercial agreements. ImperialInnovations also commercialises technologies originating from outside ImperialCollege through incubation contracts with the Carbon Trust and WRAP and hasrelationships with a number of multinational corporations including BAE Systems. Imperial Innovations has invested in a range of spin-out companies, includingThe Acrobot Company Limited, Advanced Tissue Therapies Limited, Cardiak Limited,Circassia Holdings Limited, deltaDOT Limited, Equinox Pharma Limited, FutureWaves PTE Limited, HeliSwirl Technologies Limited, InforSense Limited, LontraLimited, Midaz Lasers Limited, NanoBioDesign Limited, Nexeon Limited, NovaTheraLimited, Thiakis Limited and Veryan Medical Limited. Imperial Innovations currently holds shares in four technology businesses nowlisted on AIM including the fuel cell company, Ceres Power plc. www.imperialinnovations.co.uk About ITTC ITTC is a national technology transfer center accredited by the former StateEconomic & Trade Commission and the Chinese Ministry of Education, and a leadingsupporting unit of international technology cooperation designated by theMinistry of Science & Technology. ITTC is dedicated to establishing an exchange platform of technology cooperationand technology transfer for enterprises both at home and abroad, i.e. providingall-round services for overseas enterprises to enter into China and theirlocalization within China. ITTC also specializes in introducing overseas maturetechnologies and facilitates the economic development and innovation capabilityfor both Chinese and overseas enterprises. Its main services are: •Technology transfer based on technology integration, localization of products and technology, re-innovation of internationally advanced technologies and projects; •Consulting services for foreign enterprises and their products aiming to enter the Chinese market; •Investing & financing services, assisting foreign enterprise to conduct corporation merging and acquiring; •Training on knowledge diffusion of technology transfer, organizing Chinese enterprises to perform business investigation and training abroad; •International trade and agency correlating to technology transfer; services for international conferences and expositions; •Various activities on Global Climate Changes & Clean Development Mechanism (CDM). www.ittc.com.cn/english/index.asp This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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