Frontier IP Group (FIPP)

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FTSE AIM All-Share

 39.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 56.00p
  • 52 Week Low: 29.00p
  • Currency: UK Pounds
  • Shares Issued: 56.17m
  • Volume: 2,561
  • Market Cap: £21.91m

Fruit farmers test robotic picking tech from Frontier IP

By Duncan Ferris

Date: Monday 06 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Asset management group Frontier IP on Monday announced that its Fieldwork Robotics subsidiary has entered a collaboration agreement with UK fruit grower Hall Hunter Partnership, which supplies fruit to Waitrose, Marks & Spencer and Tesco.
The agreement will see Fieldwork, in which Frontier has a 27.5% interest, field test a prototype patent-pending raspberry harvesting robot system that consists of dedicated grippers, adaptable soft-robotic arms, sensors and software able to identify supermarket-ready fruit.

Chief executive Neil Crabb said: "Working with industry partners is absolutely vital to ensuring university IP is developed in a way that meets real-world needs and can be scaled up properly. We're delighted to collaborate with one of the UK's leading soft-fruit growers to take Fieldwork Robotics' technology through the next stage of its development."

The tests, which are expected to start later this year, will allow for refinement of the technology by working in a range of environments, such as fields and polytunnels, under different climatic and light conditions.

The company said the technology can be easily adapted for use with other fruits and vegetables.

David Green, chief operating officer at HHP, said: "This partnership with Fieldwork Robotics is an exciting new development to pioneer the harvesting of raspberries robotically at a commercial scale. We are looking forward to our first human-free hectare to be picked together."

HHP grows 14,000 tonnes of raspberries, strawberries, blackberries and blueberries, and has major customers that include Waitrose, Marks & Spencer and Tesco.

Frontier IP shares were up 5.36% to 73.75p at 1019 BST.

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FIPP Market Data

Currency UK Pounds
Share Price 39.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 56.00p
52 Week Low 29.00p
Volume 2,561
Shares Issued 56.17m
Market Cap £21.91m

FIPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.36% above the market average34.36% above the market average34.36% above the market average34.36% above the market average34.36% above the market average
40.66% above the sector average40.66% above the sector average40.66% above the sector average40.66% above the sector average40.66% above the sector average
Price Trend
37.78% below the market average37.78% below the market average37.78% below the market average37.78% below the market average37.78% below the market average
48.98% below the sector average48.98% below the sector average48.98% below the sector average48.98% below the sector average48.98% below the sector average
Income Not Available
Growth
94.03% above the market average94.03% above the market average94.03% above the market average94.03% above the market average94.03% above the market average
93.68% above the sector average93.68% above the sector average93.68% above the sector average93.68% above the sector average93.68% above the sector average

FIPP Dividends

No dividends found

Trades for 06-Sep-2024

Time Volume / Share Price
13:57 125 @ 39.96p
10:10 5 @ 39.96p
08:04 2,031 @ 40.00p
08:02 400 @ 40.00p

FIPP Key Personnel

CEO Neil Crabb
CFO Jo Stent

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