Reach - non-regulatory announcement

AIM: FIPP

28 July 2026

Frontier IP Group Plc

("Frontier IP" or the "Group")

Portfolio news - Pulsiv appoints Delta Matrix as exclusive manufacturing partner  

Frontier IP, a specialist in commercialising intellectual property, today notes the following announcement that Pulsiv Limited ("Pulsiv" or the "Company") has signed an exclusive manufacturing and wholesaling agreement with specialist electronics business Delta Matrix Limited ("Delta Matrix" or the "Manufacturer"). 

The agreement means that for the first time customers will be able to buy tangible products based on Pulsiv's groundbreaking, energy efficient OSMIUM AC to DC power conversion technology. Delta Matrix, which is part of the Easby Group, will manufacture USB output modules, which can be used wherever conventional USB sockets and devices are used today. Potential applications for the modules include for use in power chargers and the near-ubiquitous sockets are now being incorporated into buildings, furniture, trains, planes and vehicles.  

Under the terms of the agreement, another part of Easby Group, Easby Electronics, will also proactively market, sell and distribute the modules. Pulsiv retains the right to license the technology to other companies but will also market the Delta Matrix made products to potential customers.

Pulsiv's OSMIUM technology is significantly more energy efficient than conventional power conversion technologies, wasting much less energy as heat. This means it can be used in areas where thermal performance is crucial. It uses fewer components and is therefore more reliable and can be designed into smaller spaces.

More than two billion wall sockets are sold globally every year, with USB-enabled products expected to account for 600 million a year of future installations. Demand is expected to grow sharply as new UK and EU regulations are introduced, including updated Ecodesign requirements, Common Charger regulations and new efficiency standards. 

Delta Matrix is one of the UK's leading specialists in making and supplying electronic components. The two companies have worked closely to design, develop and validate the technology and to ensure supply chains are resilient to meet the expected demand.

Frontier IP holds a 17.3 per cent equity stake in the Company.

Jason Crabtree, Easby Group Chief Executive Officer, said: "The Delta Matrix team have been collaborating on this revolutionary technology for over two years. We are delighted to now be able to support bringing a comprehensive range of modules to the global marketplace. This collaboration demonstrates the unrivalled breadth of our capabilities from initial component design, testing, evaluation, supply chain establishment, provisioning, logistics, and global sales and distribution. We are extremely proud to have been selected as a long-term exclusive supplier partner by Pulsiv."

Neil Crabb, Frontier IP Chief Executive Officer, said: "This is an exciting development for Pulsiv. For the first time, customers supplying a huge range of industries, looking to provide power as efficiently as possible to meet increasingly stringent regulations, will be able to buy a physical module that can be incorporated wherever they are providing USB power outputs. The market potential is obvious and big."

Delta Matrix statement begins:

Delta Matrix and Pulsiv Prepare for a New Era in Power Electronics

The global power electronics sector is entering a period of significant change.

A significant shift is underway in the global power electronics market.

Driven by increasingly stringent energy efficiency legislation, evolving product standards and growing pressure on electrical infrastructure, manufacturers are being forced to rethink how power is converted, managed and delivered within everyday products.

At Delta Matrix, we are proud to be playing a key role in bringing one of the industry's most exciting developments to market through our strategic partnership with Pulsiv.

Recent legislative changes, including BS IEC EN 61000-3-2:2019+A2:2024, updated Ecodesign requirements, Common Charger regulations and new efficiency standards for external power supplies, are raising the bar for product designers and manufacturers worldwide. The objectives are clear: improve energy efficiency, enhance grid stability, extend product lifespan and reduce electronic waste.

Meeting these requirements, however, presents a considerable engineering challenge.

Pulsiv's OSMIUM technology has been developed specifically to address this challenge. Representing a fundamentally different approach to AC-to-DC power conversion, the technology enables manufacturers to achieve levels of efficiency, thermal performance and regulatory compliance that are increasingly difficult to deliver using conventional architectures.

What makes the technology particularly compelling is that it addresses multiple industry challenges simultaneously.

In addition to supporting compliance with current and emerging regulations, OSMIUM enables more compact designs, reduces operating temperatures, improves reliability and significantly extends product life expectancy through the elimination of inrush current, one of the most persistent limitations within power electronics design.

The opportunity is substantial.

More than two billion wall sockets are sold globally every year, with forecasts suggesting that USB-enabled products will account for around 30% of future installations. As demand for integrated charging capability continues to grow, thermal management, reliability and power density have become critical barriers to further market development.

Pulsiv's latest 65W USB-C module has demonstrated continuous full-power operation in environments where conventional solutions often encounter thermal limitations. The architecture also removes installation restrictions typically associated with inrush current, opening the door to significantly greater deployment flexibility across residential, commercial and industrial environments.

Whilst the technology itself is attracting considerable attention, success at scale requires more than innovation alone.

As Pulsiv's exclusive manufacturing partner for all production modules, Delta Matrix has been involved throughout the development journey, supporting design evolution, verification activities and extensive testing programmes. Working alongside the Pulsiv engineering team, we have helped accelerate development while simultaneously preparing the manufacturing infrastructure required for volume production.

Our role now extends beyond manufacturing.

We are responsible for establishing and managing the resilient, high-volume supply chains required to support future growth, ensuring customers can access the technology at scale whilst maintaining the quality, consistency and reliability expected from mission-critical electronic products.

The foundations for future expansion are already firmly established. Pulsiv's technology has received industry recognition, including a prestigious PSMA award, and is protected by an extensive intellectual property portfolio comprising more than 95 patents, supported by advanced hardware and software protection mechanisms.

Together, we believe the market is approaching an inflection point.

With regulatory drivers accelerating adoption and demand for more efficient, reliable and sustainable power conversion continuing to increase, the conditions are now in place for a new generation of power electronics solutions.

For Delta Matrix, this partnership represents more than a manufacturing programme. It is an opportunity to help deliver a technology platform capable of influencing the future direction of power conversion across billions of devices worldwide.

And this is only the beginning.

ENDS

ENQUIRIES

About Pulsiv

Pulsiv was founded in 2013 by Dr Zaki Ahmed after he successfully patented new & intelligent methods for improving power conversion efficiency. Located in Cambridge (UK) and Plymouth (UK), we design & develop world-leading electronic solutions for AC to DC Power Supplies and Solar Energy applications using a growing suite of over 85 patents. Our unique power electronics technology can benefit billions of consumer and industrial devices whilst also enhancing every photovoltaic installation around the world. Our goal is to maximize performance, simplify thermal management, and reduce overall energy waste enabling future products to become safer, more reliable, and less harmful to the environment. 

www.pulsiv.com

About Frontier IP

Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services. A critical part of the Group's work is involving relevant industry partners at an early stage of development to ensure technology meets real world demands and needs.

The Group looks to build and grow a portfolio of equity stakes and licence income by taking an active involvement in spin-out companies, including support for fund raising and collaboration with relevant industry partners at an early stage of development.

About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.