Reporter 451, 8 May 2000
Several years of research efforts by Professor Richard Williams of the mining and mineral engineering department, with physiologist and chemist Derek Wheeler, engineer Neil Morley and others, have led to the market début of a new public company.
Disperse Technologies, floated on the Ofex market in March, exploits technologies for creams, lotions and other products in the cosmetic, pharmaceutical, household goods and food industries. The share offer was over-subscribed by more than three times.
Disperse has licensed novel colloid formulation technology that is now being used on both sides of the Atlantic and operates from offices in the UK and New Jersey. Flotation was decided in order to raise funds to increase the company’s staff from three to about 10, to address new business prospects and support existing customers. Professor Williams is a consultant and non-executive director of the company, under an agreement with the University.
Shares were issued at 44p and as of last week were valued at 87.5p, giving the company a market capitalisation of £16.88m. Disperse is one of two companies floated in March involving University staff, the other being Sound Alert (Reporter 447), which last week was valued at £13.06m.
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