IP2IPO Group PLC – 25 year partnership with the University Of Surrey

10 Feb 2006

IP2IPO Group PLC - Surrey University Partnership IP2IPO Group plc (AIM: IPO) ('IP2IPO'), the intellectual property commercialisation company, is pleased to announce that it has entered into an exclusive long-term partnership with the University of Surrey. In the 2001 Research Assessment Exercise nearly 90% of Surrey's research was rated as national or international standard.

Electronic Engineering (including Computing) and Subjects Allied to Medicine were among three research groups that achieved the maximum 5** rating whilst seven other areas gained grade 5 ratings. Surrey enjoys a strong reputation for innovation and enterprise. Its Research Park is one of the most successful in Europe, with more than 140 companies employing a total of more than 2,500 staff.

Its successful spin-out companies include Surrey Satellite Technology Limited, a world leader in the design, build and launch of small satellites. Under the terms of the partnership, IP2IPO has agreed to work with the University of Surrey to identify and facilitate the formation of spin-out companies from across the University and to invest an initial fund of up to £5 million in such companies in return for equity stakes in them. In addition, IP2IPO will receive 13.3% of the equity in spin-out companies from the University at the time that the company is established prior to investment.

The partnership has a term of 25 years. Alan Aubrey, Chief Executive of IP2IPO, commented: 'We are very pleased to be entering into this partnership with the University of Surrey and are already working on a number of exciting potential spin-out company opportunities. This is IP2IPO's seventh university partnership and our third with a member of the SETsquared partnership, which we believe further confirms our position as the leading university intellectual property specialist in the UK.' Professor Chris Snowden, Vice-Chancellor of the University of Surrey, said: 'The University is very pleased to conclude this agreement with IP2IPO. It further strengthens our existing enterprise and entrepreneurial culture, for which Surrey is internationally regarded. We look forward to supporting the spin-out of new companies in collaboration with IP2IPO and to realising further value for the University and its staff. IP2IPO has an established reputation for value-added collaboration with universities, and we intend to see this partnership endure.'