TIDMFIPP
Frontier IP Group plc
11 September 2023
Reach - a non-regulatory announcement
AIM: FIPP
11 September 2023
Frontier IP Group Plc
("Frontier IP" or the "Group")
Portfolio news - Pulsiv appoints Dr Mark Gerhard as Chairman and
Dr Tim Moore as Chief Product Officer
Frontier IP, a specialist in commercialising intellectual
property, today welcomes the following announcement from portfolio
company Pulsiv Limited (the "Company" or "Pulsiv") of the
appointments of Dr Mark Gerhard as Chairman and Dr Tim Moore as
Chief Product Officer. Both will be members of the Company's Board
of Directors.
Mark is a serial entrepreneur and technology pioneer with a long
history of growing and exiting businesses in the video games,
artificial intelligence ("AI") and cyber-security sectors. They
include Jagex, the developer of the Runescape online game, which
was sold for $250 million in 2010 when Mark was Chief Executive
Officer.
He is currently chairman of MarketWise, a Nasdaq-listed provider
of investment research and investor services, co-founder and Chief
Executive Officer of AI software and computer games developer
PlayFusion, and founder of investment firm Cambridge Ventures.
Tim is joining the Company full time from his role as Chief
Technology Officer for SharkNinja, a Nasdaq-listed consumer
electronics group. He has extensive experience in developing
innovative products, taking them from invention to launch. Tim was
previously Chief Technology Officer of multinational consumer
technology brand ghd.
Frontier IP holds an 18.2 per cent equity stake in Pulsiv.
Neil Crabb, Frontier IP Chief Executive Officer, said: "I am
delighted to welcome Mark and Tim (full time) to the Pulsiv Board
of Directors. Pulsiv has now developed a global distribution
network and has attracted significant industry interest, including
a collaboration with Salom, a major manufacturer of power supplies.
Mark and Tim's long and successful history of building businesses
and products will prove invaluable as Pulsiv now enters an exciting
stage of its journey to become a significant green technology
business."
Pulsiv statement begins:
Appointment of Dr Mark Gerhard as Chairman and Dr Tim Moore as
Chief Product Officer
Cambridge 11 September 2023
Pulsiv, the Cambridge-based deep tech start-up set to
revolutionise power conversion and renewable energy generation, is
pleased to announce the appointments of Dr Mark Gerhard as Chairman
and Dr Tim Moore as Chief Product Officer.
-- Mark is a serial entrepreneur and technology pioneer who has
successfully grown and exited businesses in the video games,
artificial intelligence and cyber-security sectors.
-- Previously a Pulsiv non-executive director, Tim is joining
the company full-time having recently served as Chief Technology
Officer for SharkNinja, a NYSE-listed consumer electronics
group.
Dr Mark Gerhard
Mark was the Chief Technology Officer and then Chief Executive
Officer of Jagex, one of the UK's largest independent games
developers and publishers, which he grew from a single product
company to one with multiple games running on multiple platforms.
Jagex was sold for $250 million in 2010 while Mark was CEO. He
co-founded and was CEO and CTO of Beauty Labs International, a
developer of AI tools for the beauty industry which was sold to US
biotech Amyris Inc in 2021 for a nine-figure sum, and was CEO of
Ascendant Digital Acquisition Corp, a special purpose acquisition
company. Ascendant Digital merged with Beacon Street Group, a
company providing investment research and other investor services,
in a deal worth $3 billion. The combined entity, called MarketWise,
is listed on Nasdaq. Mark now chairs the company.
His other current roles include founder and CEO of PlayFusion
and founder of investment firm Cambridge Venture Partners.
PlayFusion is an independent games developer and publisher, which
is creating a next-generation artificial intelligence platform and
immersive game and TV show. He is Vice-chair of TIGA, the UK trade
body for video games developers and publishers and serves as a
board member and director of UK games developer Build A Rocket
Boy.
Dr Tim Moore
Tim has a proven record of developing and releasing innovative
products from invention through to global launch. He has worked in
China, Europe and the US for start-ups, private equity backed
companies and major corporates. Having recently held executive
roles with multinational consumer technology brands such as ghd and
SharkNinja, he brings extensive industry knowledge to Pulsiv. He
has driven considerable value in M&A and transactions, selling
to both private equity and industry participants. While he was
Chief Technology Officer of ghd, Tim was a key team member in three
sales of the Jemella Group, owner of ghd, over a 10-year
period.
"I'm delighted to welcome Mark at such an important stage in our
journey. His vision, experience and drive will help Pulsiv to
capitalise on our progress to date and achieve global ambitions.
It's also a huge vote of confidence that Tim has chosen to take a
full-time role. He has been a valuable member of our Board and will
heavily influence the evolution of Pulsiv's product portfolio. We
have an opportunity to cut the energy consumed by billions of
devices and harness more solar power than existing solutions.
Company values and culture are very important to Pulsiv, so anyone
who knows Mark or Tim will recognise that they're a great fit."
Pulsiv CEO Darrel Kingham
"Pulsiv has all the technology and talent to become a global
leader in power conversion technology. With 52 fundamental granted
patents and a further 31 patents pending, Pulsiv is perfectly
placed to be disruptive and offer something new to the power
electronics industry. Their simple business model coupled with
their deep IP portfolio and an experienced management team is
highly analogous to ARM computing for power conversion. I am
honoured and privileged to join the team as Chairman at this very
exciting time for the company."
Pulsiv Chairman Dr Mark Gerhard
"I have been involved with Pulsiv since 2021 and have seen the
excellent progress that the company has made since then. Its
technology has the potential to be highly disruptive across a very
broad range of applications. Pulsiv OSMIUM can improve the
efficiency of electricity conversion in a cost-effective way by
using readily available electronic components. What is so exciting
is that the technology is ready now to reduce bills for consumers
and rapidly drive the much-needed decarbonisation of our economy. I
am thrilled to have the chance to join full time and use my
experience to drive positive impact in the green economy."
Pulsiv Chief Product Officer Dr Tim Moore
Pulsiv statement ends
ENQUIRIES
Frontier IP Group Plc T: 020 7332 2338
Neil Crabb, Chief Executive neil@frontierip.co.uk
Andrew Johnson, Communications & Investor M: 07464 546 025
Relations
Company website: www.frontierip.co.uk
Allenby Capital Limited (Nominated Adviser) T: 0203 328 5656
Nick Athanas / George Payne
ABOUt pulsiv
Based in Cambridge, UK, Pulsiv has developed and patented
innovative technology to intelligently manage power wherever it is
converted. Pulsiv OSMIUM products are designed to improve
efficiency, optimise cost and reduce overall energy consumption in
billions of electrical devices that are powered or charged from a
mains supply. In addition, Pulsiv Horizon provides a unique power
architecture for extracting the maximum energy from photovoltaic
panels to increase the total output from future solar
installations.
Pulsiv is committed to helping the world move towards 100%
renewable energy and reducing the long-term environmental impact of
all electronic devices. Find out more at
https://www.pulsiv.co.uk/
ABout frontier IP
Frontier IP unites science and commerce by identifying strong
intellectual property and accelerating its development through a
range of commercialisation services. A critical part of the Group's
work is involving relevant industry partners at an early stage of
development to ensure technology meets real world demands and
needs.
The Group looks to build and grow a portfolio of equity stakes
and licence income by taking an active involvement in spin-out
companies, including support for fund raising and collaboration
with relevant industry partners at an early stage of
development.
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