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ACQ Finance Magazine V7 Issue 5 - October 2008
Icos Capital invests in
ReSteel
Specialist cleantech investor Icos Capital announced
it has invested in ReSteel, a European base metals
recovery company. ReSteel has the leading
technological approach to recover high quality steel
and copper from small and difficult to separate scrap material. The funding will be used to facilitate ReSteel’s European roll-out.
ReSteel’s proprietary technology enables the
recovery of high quality steel and copper in a decentralised
manner. It taps into a stream of waste
which was previously dumped in landfill sites.
ReSteel’s solution is substantially better than other
techniques in the market, especially in terms of long
term accuracy and costs.
Nityen Lal, General Partner of Icos Capital commented: “ReSteel’s business proposition is at the heart of the climate change and resource scarcity issue. By recovering high quality steel, copper and other metals, ReSteel can help increase the supply of base metals locally at competitive cost. Furthermore, use of recycled metals as raw material is a highly effective strategy to reduce carbon emission and energy usage in the metals & mining sector.“
Coller IP Management provided IP due diligence for
Icos with a team led by Jim Asher, chief operating
officer. The two firms have an ongoing relationship.
Coller IP provides clear and definite opinions, both
commercial and legal as to the status of the IP that
underpins a potential investment. Asher commented:
“ We resolved the complexities of evaluating the
intellectual property in this market space through
detailed IP and technology analysis to understand the
true differentiators of the ReSteel solution.“ ACQ
Notes to Editors
Coller IP Management combines patent attorney and commercial expertise to deliver intellectual property management, evaluation and investment services that unlock the potential of business assets. The company works at all levels within organizations, from start ups to corporates, from the boardroom to technologists and with the investor community.
Clients include for example, the National Physical Laboratory, AEA Technology plc, Compact GTL, DeltaRail Group, East Midlands Development Agency, Durham and Southampton Universities and Ultimate Sports Engineering
Coller IP Management's experienced, inter-disciplinary team includes business, technology and marketing consultants, IP specialists and patent and trade mark attorneys, who work with organizations of all sizes to develop and commercialise innovative ideas to their best possible advantage.
The company's activities extend further than patent and trade mark case management to provide board level strategies, competitor analysis, valuations and clear legal opinions, as well as an Invention House service aimed at giving support and access to funding through venture capitalists and investors.
Coller IP Management's website is at www.colleripmanagement.com
Reader contact:-
Jackie Maguire
CEO, Coller IP Management
Tel: +44 (0)870 402 1616
Fax: +44 (0)870 402 1659
Email: jackie.maguire@colleripmanagement.com
Editor contact:-
Claire Moran
The Forge Public Relations
Tel: 0208 994 7668
Email: claire@theforgepr.com
