RCS - Frontier IP Group - Topps Group’s arm launches Alusid floor tile range

Frontier IPAnnouncement

24/05/2024 07:00

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RNS Number : 7394P  Frontier IP Group plc  24 May 2024

Reach - a non-regulatory announcement

AIM: FIPP

24 May 2024

 

Frontier IP Group Plc

("Frontier IP" or the "Group")

 

 

Portfolio news - Topps Group's Parkside arm launches Alusid floor tile range

 

 

Frontier IP, a specialist in commercialising intellectual property, today
announces that portfolio company Alusid Limited ("Alusid" or the "Company")
has launched its first range of floor tiles through Parkside Architectural
Tiles ("Parkside"), the commercial arm of Topps Tiles Plc ("Topps Group" or
"Topps").

 

Called Mas, the range is made from between 95 per cent and 98.5 per cent
recycled content, depending on the colour, and has one of the lowest carbon
footprint of tiles in the market*. This is an important consideration for a
construction industry and its customers facing carbon taxes and tougher
environmental regulations, and having to meet their own sustainability
targets. Topps is expected to launch the range to retail customers later this
year.

 

Floor tiles represent about 60 per cent of the total tile market. Mas tiles
have been extensively tested, are hardwearing and have porcelain grade
breaking strength. They are mass manufactured on industry-standard equipment,
and production is sub-contracted.

 

Earlier this month, the Alusid-made Principle range, launched into the Topps
retail chain last year, was named Wall Tile of The Year by The Tile
Association at its annual awards.

 

Alusid raised £1.13 million from new and existing investors in January 2024,
including a £500,000 investment from Octopus Investments through its Octopus
AIM VCT 1 plc and Octopus AIM VCT 2 plc funds. The Company is now progressing
with plans for an initial public offering later this year.

 

Other Alusid customers include Starbucks EMEA, H&M, Pret a Manger and the
BBC. The Company is in discussions with potential distributors in Northern
Europe to expand into new territories.

 

 

 

Topps Group Buying Director Tim Tatlock said: "Mas achieves market leading
levels of innovation in recycled content floor tiles and has been enabled by
the Alusid and Topps Group partnership. We are on a journey to place more
sustainable tiling products into the market, something we are incredibly
excited about as part of The Topps Group's strategic commitment to
Environmental Leadership in our sector."

 

Alasdair Bremner, Alusid's CEO, said: "Launching Mas is a major milestone for
Alusid and is the result of nearly two years of hard work from our R&D
team in the UK and our production partners in Spain, we are proud to be
bringing this range to the market and to have achieved such a considerable
reduction in the carbon footprint of our first floor tile."

 

Frontier IP Chief Executive Neil Crabb said: "We are delighted that Alusid has
successfully developed and launched its first range of floor tiles, which form
a major part of the overall tile market. This is a big step forward for the
Company and is sure to strengthen its appeal to investors as it explores an
initial public offering."

 

*Mas carbon footprint is 5.90kg per m(2  )and is 45% lower carbon compared to
the average Spanish tile as established by the Spanish Tile Manufacturers
Association EPD. Alusid's carbon footprint was established by the Materials
Processing Institute who independently conducted a Life Cycle Analysis on
Alusid's dry granulation process. The Environmental Product Declaration (EPD)
produced is currently proceeding through verification and is expected to be
published by July 2024.

 

ENQUIRIES

 

 Frontier IP Group Plc                                                  T: 020 7332 2338
 Neil Crabb, Chief Executive                                            neil@frontierip.co.uk

 Andrew Johnson, Communications & Investor Relations                    M: 07464 546 025

 Company website: www.frontierip.co.uk (http://www.frontierip.co.uk/)
 Allenby Capital Limited (Nominated Adviser)                            T: 0203 328 5656

 Nick Athanas / George Payne

ABOUT ALUSID

Alusid creates beautiful, premium-quality tiles and architectural surfaces by
recycling industrial waste ceramics, glass and other materials much of which
would otherwise end in landfill.

 

The company's Sustainable Tile ranges are distributed in the UK by Topps Tiles
and Parkside Architectural Tiles. Sequel Vibe was named Wall Tile of The Year
in The Tile Association's prestigious awards in 2020.

 

Alusid also makes its own surface products under the brand name SilicaStone
distributed in the UK by Panaz. Customers include COS, part of H&M,
Christian Dior, Nando's, Harrods, Selfridges, Amazon UK and Pret-a-Manger.

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