28 August 2014
Northland Capital Partners Reaffirms Buy Rating for Tekcapital PLC (TEK)
Northland View: “Good progress on a number of fronts since Tekcapital came to market in April with the opening of offices, strengthening of the sales and marketing team and expansion of the scientific advisory board. The acquisition of Invention Evaluator has provided a complementary revenue stream as well as a customer base that offers some cross-selling opportunities. Little of this progress has been reflect in H1 numbers given the subscription model employed and we have yet to see a technology transfer where Tekcapital receives transaction-based revenue. Externally generated IP represents a strong area of investment as corporates look to maintain a competitive edge through innovation. The Tekcapital management team has considerable experience and expertise in technology transfer and has developed an innovative approach. We maintain our forecasts, BUY rating and 45p price target.”
(UK) Chris Lane, FTI Consulting LLP: Tel. +44 (0) 207 269 7276
About Tekcapital – The World’s Largest University Network for Open Innovation
Tekcapital helps clients profit from new, university-developed intellectual properties.
With our proprietary discovery search engine, linked to 3,300+ universities in 160 countries, coupled with expert scientific review, we provide a turn-key service to make it easy for clients to find and acquire the IP they need to create a competitive advantage.
28 August 2014