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AICEP
Agência para o Investimento e Comércio Externo de Portugal

CABEÇALHO

The AIM-listed investment firm said it would take a 31.8% stake in NTPE, whose Paper-E technology creates "inks" that can be used to print electronic circuits.

These inks can then be used to print electronic circuits, sensors and semiconductors onto any cellulose-based paper and have a wide range of applications, including paper-based diagnostic kits, smart packaging, logistics, and fraud prevention through the replacement of microchips.

 

NTPE is the product of Frontier’s formal relationship with the Universidade Nova de Lisboa Faculty of Science and Technology and had been created to develop and commercialise the work of a team led by Professors Rodrigo Martins and Elvira Fortunato.

 

Neil Crabb, chief executive of Frontier IP, said the Paper-E technology had already attracted “strong interest” from a wide range of potential partners, and that the company was pleased to take a stake in the development of a “ground-breaking technology”.

 

The announcement follows news last week that Frontier had partnered with the UK’s Department for International Trade to expand its presence in Portugal.

 

In mid-morning trading Tuesday, Frontier IP shares were up 3.4% at 75.5p.

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