lika Technologies Ltd was founded in 2004 as a spin-out from the School of Chemistry at the University of Southampton. The Company quickly established an international reputation for the rapid development of novel materials and secured commercial partnerships with a portfolio of blue-chip companies including Asahi Kasei, Shell, NXP and Toyota. The Company’s growth has been financed by three rounds of venture capital, an initial public offering (IPO) on the London Stock Exchange in May 2010 and a Placing in April 2012.

Ilika invents, tests and selects materials in the laboratory that can be scaled-up for everyday commercial use.
Ilika�s unique process is far quicker and more efficient than traditional materials discovery processes.
Ilika uses high throughput, or combinatorial, techniques which involve the rapid synthesis of a large number of different structurally related materials in a few automated steps.
Ilika focuses on three sectors:

* Energy, where Ilika assesses materials for their greater capacity for energy storage and conversion efficiency, for example in batteries
* Electronics, where materials created by Ilika rapidly improve the performance and efficiency of a range of electronic components, such as digital memory devices and sensors
* Bio-medical devices, where Ilika�s subsidiary Altrika has already successfully commercialised an innovative product for the treatment of burns

Ilika�s proposition is all about speed and efficiency: speed of materials discovery, enabling rapid commercialisation and efficient production. Ilika is involved in the development of materials for large, global markets addressing clear society needs.
The number of shares in issue is 45,874,033. 55% of the shares are deemed to be in public hands (45% not in public hands
www.ilika.com

Fuel Cell Materials Joint Development Project



Ilika is pleased to announce it has completed the scope of work for the next stage of the transport fuel cell programme with a major vehicle manufacturer and progressed the collaboration to a JDP from the original contract research relationship. The materials are being designed to require substantially smaller quantities of platinum (platinum-lean) than current catalysts, ultimately reducing the cost of fuel cell technology.

The terms of the contract renewal are such that the relationship has transitioned into a joint development project. Ilika will receive up-front payments towards the cost of carrying out the research and development activities. Foreground intellectual property will be jointly owned and Ilika will have the freedom to use and license the technology for a number of applications, including the motorcycle and electronics sectors.

A fuel cell is an electrochemical conversion device that produces electricity without combustion of the fuel. Hydrogen is the most common energy supply for a fuel cell as it has the right electrochemistry and the exhaust product is water. Many fuel cells under development, particularly for transport and electronics applications, use platinum-based electrodes. While platinum works well, it is very scarce and therefore expensive. Membrane electrode assemblies, of which platinum is the principal cost, typically make up 40% of the cost of a fuel cell. The end-market for fuel cell technology is still in its infancy. However, the development of platinum-lean catalysts or non-platinum-based electrode materials could significantly accelerate the development of this market.

Graeme Purdy, Ilika's CEO, commented, "This deal exemplifies our partnering strategy in that we form robust, lasting relationships with market-leading organisations who have expertise in their sector and a demonstrated channel to market. We jointly fund the development of new materials which can make a significant difference to substantial markets and share the commercial benefits".a maker of materials for batteries, electronics and medical devices, announced several new deals, including an agreement to develop transport fuel cells, as it posted a wider fiscal 2010 pretax loss on higher costs and less income from short-term deposits.

Completion of Laboratory Facility Expansion

Ilika plc (AIM: IKA), the advanced cleantech materials company, announces the completion of a 200 m2 expansion of its facility in Southampton. The expansion has been undertaken to facilitate further growth across the Company and to fulfill three principal goals:

The largest part (50%) of the expansion is associated with Ilika's solid-state battery technology. This infrastructure and equipment will support Ilika's activities producing prototype electrochemical cells and batteries during the next phase of its development programme, which is starting in the first quarter of 2013.

The second aim of the expansion has been to create additional capacity for the testing of materials generated from Ilika's joint development programmes. A number of new, high throughput techniques have been deployed for the rapid characterization of the physical properties of the materials which Ilika jointly develops with its commercial partners. This additional capacity underpins Ilika's ability to ramp revenues in 2013/14.

Finally, the new facilities are also accommodating the high throughput polymer equipment relocated from its divested Sheffield facility. This equipment is currently deployed in joint development programmes spanning a number of sectors, including breakthrough applications for composite materials in the electronics sector.

Renewal of Contract

Ilika plc (AIM: IKA), the advanced cleantech materials company, confirms that further to the announcement on 11 December 2012, it has renewed and extended the scope of another existing contract with the same major existing customer for the development of its battery technology.

This contract is in addition to the contract previously announced and regards the broadening of the scope of technical engagement within the battery field. The renewal marks the third phase of this contract with an order value of ca. £160,000 for a two month programme of work with a follow-on phase expected, subject to satisfactory initial results being achieved.

Commenting on the renewal, Graeme Purdy, CEO of Ilika, said: "We are delighted that this world-leading automotive customer continues to invest in broadening and deepening its relationship with Ilika and we look forward to accelerating their materials development in next generation batteries for hybrid vehicles."

The number of shares in issue is 45,874,033. 55% of the shares are deemed to be in public hands (45% not in public hands

Fuel Cell Catalyst Patent Granted in Japan

Ilika (AIM: IKA), the advanced cleantech materials company, announces that further to the granting of its patent application covering its lower cost metal alloys and their use as electro-catalysts in PEM fuel cells in the USA, it has also received notification that this patent has now been granted in Japan.

In a PEM fuel cell, a controlled reaction occurs between hydrogen and oxygen. This reaction requires electro-catalysts, which are currently based on the precious metal, platinum. Ilika has developed a novel platinum-free catalyst, which on a cost/performance basis, has been shown to be 70% cheaper than the current industry standard. Ilika's electro-catalysts, which were originally invented using its high throughput materials development platform at its facility in Southampton, UK, have been subsequently manufactured to Ilika's specification by a partner using an industrially-scalable process.

As communicated in Ilika's Trading update released in April 2013, Ilika has submitted positive cell performance data and material samples for evaluation by select automotive manufacturers based primarily in the US and Japan. Therefore, the grant of this patent in both the USA and Japan confirms that the Company has secured the intellectual property in two of the major markets in which Ilika intends to commercialise its proprietary technology.

Furthermore, Ilika's development partner in Taiwan has now successfully manufactured the catalyst material, which is a critical component of the PEM fuel cell, to Ilika's specification at the kilogram scale. This development progress ensures that the industrial production process can be readily transferred to any volume-manufacturing partner.

Ilika's patents underpin the product development work, which is being supported by the Carbon Trust through the £150,000 equity investment Ilika announced in September 2012. The Carbon Trust invested in Ilika through its Polymer Fuel Cells Challenge programme to support the commercialization of Ilika's high performing electro-catalysts for use in fuel cell vehicles. As part of the Carbon Trust's technical and commercial evaluation of the technology, Ilika submitted performance data for assessment by independent experts demonstrating the performance and stability of the catalyst. The performance data was generated in industry standard tests of membrane electrode assemblies (MEA's) carried out at an independent fuel cell testing facility. The investment from the Carbon Trust is currently supporting Ilika in having a larger quantity of the electro-catalyst made for testing by the major automotive OEMs that have expressed their interest in the technology.

Graeme Purdy, Chief Executive of Ilika, added:"The grant of this patent in Japan builds on the Company's IP position in the USA and is an important stepping-stone in reinforcing the commercial value of Ilika's technology in this area. From a revenue perspective, Japan continues to be the most important jurisdiction for the Company and our team there is now broadening its customer interactions for commercialising this technology".

Final Results

Financial Statements for year ended 30 April 2013

Ilika (AIM: IKA), the advanced cleantech materials discovery company, announces its audited full year results for the year ended 30 April 2013.

Operational highlights
§ Grant of patents protecting core high throughput technology platform in USA, Japan and Canada
§ Progression of proprietary low cost fuel cell catalyst development, including:
o Investment of £150,000 by Carbon Trust to support commercialisation activities
o Grant of patents in USA and Japan
o Delivery of kg-scale quantity for OEM trials
§ Completion of initial phase of solid state battery development, including:
o Selection and testing of optimum material combinations
o Deposition of active electrochemical cell structures
o Testing of cell performance
§ Streamlining operations through disposal of wound-care business and consolidation of activities to one base in Southampton
§ Focussing business development activities and implementing operational cost reductions to yield renewed growth in coming financial year.

Financial highlights
§ Revenues down 46% to £1.00m (2012: £1.85m)
§ Gross profit margin up to 44.1% (2012: 43.9%)
§ Loss before tax increased £3.5m (2012: £2.4m)
§ Loss per share unchanged at 0.07p (2012: 0.07p)
§ Cash, cash equivalents and bank deposits of £1.9m (as at 30 April 2012: £5.3m)

Commenting on the results Ilika's Chairman, Jack Boyer, said:
"We believe that the Company's portfolio approach and our strong relationships with existing development partners, ensures that we are well positioned to benefit from the commercial success of products and materials developed using our high throughput techniques. We are also confident that the potential development contracts that were delayed in 2013 will be converted in 2014 and allow us to continue to broaden our commercial pipeline."

listen to this: interview with the CEO on the final results interview

well, that didn't work... here again: interview with CEO

World first for Ilika solid state battery and
Notice of Interim Results

Interim Results

Operational Highlights
· Global OEM trials underway with two of Ilika's proprietary materials
· Grant of patent for low cost fuel cell catalyst in Japan
· Significant technical progress made in the development of proprietary solid state battery technology

Post Period End Events
· Notice of allowance for patent for fuel cell catalyst technology in Europe
· "World's first" for fabrication of a solid state battery that can be manufactured as a stack

Financial Summary
· Total revenue for the period (inc. grants) up 57% to over £0.6m (1H 2012; £0.4m)
· Gross margin up to 39% (1H 2012: 24%)
· R&D expenditure (mainly solid state battery technology) at comparable levels to 2012
· Substantial non-operational cost savings achieved across the group
· Operating loss reduced by 20% to £1.5m (1H 2012: £1.9m loss)
· Net Cash £1.4m (1H 2012: £3.6m)

Commenting on the results Ilika's Chairman, Jack Boyer, said: "The first six months of our current financial year have yielded significant progress. Firstly, global OEMs are actively evaluating two of Ilika's proprietary materials, most notably the fuel cell catalyst material, indicating that Ilika has made strong progress in licensing out its IP portfolio. This commercialisation activity has been underpinned by the further grant of patents in Ilika's key target markets. Secondly, the investment Ilika has made over the last 18 months in solid state battery technology has borne fruit, with Ilika able to declare a "world first" through the production of a battery architecture that can be manufactured as a continuous stack. This opens the door to rapidly growing opportunities to power wireless sensors and ultimately address the world's largest battery markets for consumer electronics through early adoption by the defence sector."

Helps explain yesterday's spike!

Validation of Worlds 1st Solid State Battery

Richard Griffiths 0 -> 11%

The beauty here is that it's going to be licensed so doesnt require lots of cash by placing so hopefully won't get dilution. The shares are held tightly too with only about 15% in free float.
Could really fly once this hits the mainstream news. Would completely revolutionize mobile batteries, a multi billion pound market and if licenced well an incredible earner without the outlay, Sweet.

I'd agree about the placing - but not so sure about the price - all a bit surreal atm.

Licensing deals imminent?

Grant funding for Superalloys

Ilika (AIM:IKA), the advanced materials discovery company, announces that it is the lead partner in a project that has received an offer of grant funding through the Technology Strategy Board under the Aerospace Industrial Strategy: Advancing Technology Capability competition. Ilika will receive £0.875m of the £1.326m grant for this three year programme. The Company will work together with the University of Cambridge, Diamond Light Source and Rolls Royce to develop new alloy compositions for gas turbine engines with better thermo efficiency than current alloys, therefore increasing performance, reducing CO2 emissions and reducing noise levels at take-off.

This award builds upon Ilika's work within the Aerospace Industry, having announced in October 2013, the award of commercial contracts with two of the world's largest aerospace companies.

Commenting on the award, Graeme Purdy, CEO of Ilika, said: "The aerospace sector has been recognised as a key part of the UK's manufacturing base and this project helps ensure that it remains at the forefront of new technologies. Ilika is delighted to be working alongside the University of Cambridge, Diamond Light Source and Rolls Royce in the innovation of these materials."

The good news keeps coming, the company is so undervalued. Have bought some more

Ticking up again this morning.

Placing

Ilika plc (AIM: IKA), the advanced cleantech materials discovery company, announces that investors have conditionally agreed to subscribe for 4,854,903 new ordinary shares of 1 pence each ("Ordinary Shares") at a price of 60p per share (the "Placing") raising ￡2.9m, before expenses.

The proceeds of the Placing will be used to support the further development of Ilika's solid-state battery technology, including prototype development, investing in marketing and sales activities as well as intellectual property protection.

Application will be made for the new Ordinary Shares to be admitted to trading on AIM; it is expected that such admission will be effective as at 8.00am on 25 February 2014. The Company's total issued share capital after admission of the new Ordinary Shares will be 53,740,407 Ordinary Shares. The Company does not currently hold any shares in treasury.

This figure of 53,740,407 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
In connection with the Placing, the Company has entered into a placing agreement with Numis Securities Limited ("Numis") pursuant to which Numis has agreed, in accordance with its terms, to use reasonable endeavours to procure subscribers for the Placing Shares at the Placing Price (the "Placing Agreement"). The Placing has not been underwritten.

The Placing Agreement is conditional, inter alia, on the conditions in the Placing Agreement being satisfied or (if applicable) waived and the Placing Agreement not having been terminated in accordance with its terms prior to Admission and Admission becoming effective by no later than 8.00 a.m. on 25 February 2014 (or such later time and/or date as the Company and Numis may agree not being later than 8.00 a.m. on 11 March 2014).

The Placing Agreement contains certain customary warranties, undertakings and indemnities from the Company in favour of Numis. Numis is entitled to terminate the Placing Agreement in certain circumstances prior to Admission including, in particular, in the event of a breach of warranty or the occurrence of certain force majeure events.

The Placing Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the Admission and will otherwise rank on Admission pari passu in all respects with the existing ordinary shares in the capital of the Company.

The full terms and conditions of the Placing are set out in the Appendix to this Announcement.

UK Patent Grants

Ilika granted UK patents on processes permitting stacked solid-state batteries

Ilika (AIM: IKA), the advanced cleantech materials discovery company, announces that two of its British patent applications, jointly filed with Toyota Motor Company on 21st July 2011, were formally granted on 23rd April 2014.

These two patents cover the vapour deposition processes used in producing solid state batteries directly from the elements. They therefore represent a key part of the family of patents and pending applications that cover the complete methodology for producing stacked solid-state cell batteries, a world first and key technological breakthrough on the road to commercial solid-state devices, announced by the Company on 9th January 2014.

These particular joint filings resulted from collaborative work undertaken by Ilika and Toyota, which commenced in 2008. British priority filing for these patents were made and Patent Co-operation Treaty ("PCT") international applications based upon these priority applications then filed 12 months later which have since progressed to national filings in other important geographical jurisdictions such as Japan, China, the USA and Europe.

These two patents are the earliest filings of a growing portfolio of intellectual property (IP) exemplifying Ilika's unique approach to solid state battery production using evaporation sources. The more recent applications in the portfolio contain both jointly-owned and solely owned IP.

The scalable stacked cell architecture which Ilika can produce enables the simple fabrication of cells over a wide range of sizes. Ilika intends initially to produce micro-battery prototypes designed for powering wireless sensors, commonly referred to as the "Internet of Things", which is a rapidly growing segment expected to create an addressable market for micro-batteries in excess of £1bn by 2017. The battery architecture will subsequently be scaled-up, using the same process but with faster fabrication rates, to produce devices suitable for the largest markets for lithium ion batteries in consumer electronics, including mobile phones.

Commenting on this latest development, Graeme Purdy, Ilika CEO, said; "This news supports Ilika's ongoing customer engagements with OEMs in the sensor, consumer electronics and automotive sectors across three continents. In addition, it is a useful input into current discussions with fabricators of manufacturing equipment who are interested in applying Ilika's IP to their technology offerings."

Listen: Illika plc (IKA) - UK patent grants

Click here

Increase in Solid-State Battery Size Achieved

Twenty-five Fold Increase in Solid-State Battery Size Achieved

Ilika (AIM: IKA), the advanced cleantech materials discovery company, provides an update on the positive progress it has achieved in the development of solid-state battery technology for use in wireless sensor network ('WSN') applications.

In January this year, Ilika announced that it had achieved a unique processing methodology to produce stacked solid-state batteries and that electrochemical testing of the solid-state batteries had validated the stacked architecture.

Ilika has now succeeded in increasing the cross-sectional area and the energy capacity of the cells by more than 25 times the energy capacity of the cells manufactured in January. These new cells have similar characteristics, albeit on a larger scale, to the smaller devices tested in January. These cells have now been deposited over an area of 64 mm2, which is a footprint suitable for WSN and wearable applications.

The next development objective is to further increase the energy stored by a stacked battery by depositing thicker cells and simultaneously increasing the number of stacked cells. Furthermore, in order to reduce manufacturing times through higher deposition rates, our scientists will require the use of the scale-up processing equipment, which is being funded by a £3.3m EPSRC grant, as described in the company's announcement of July 18th 2013.

Ilika personnel have already visited the fabricators of the scale-up equipment in Finland to verify progress against the Company's plan and preparatory work to install the on-site infrastructure required for the equipment installation is near completion. The current date for the factory acceptance test is at the beginning of September, after which the equipment will be shipped for installation and commissioning in Southampton in Q4 2014. Thus, prototype batteries are on schedule to be available for OEM evaluation in 2015.

Initial commercial discussions have progressed and Ilika has entered into confidential disclosure agreements (CDAs) with commercial partners across the globe. In total, since January, Ilika has entered into ten CDAs to facilitate ongoing discussions with OEMs and suppliers of manufacturing equipment located in Europe, USA and Japan.

Further updates will be released as planned technical and commercial milestones are reached.

Commenting on the announcement, Graeme Purdy, CEO of Ilika, said: "The progress we have made in terms of both technology and understanding of our unique processes since January is substantial and the interest from our potential commercialisation partners is increasing significantly. Both these factors encourage us that we are on track to commercialise our stacked thin-film battery technology in 2015."

Numis Add 70.00 62.50 77.00 77.00 Reiterates

Proof of Concept Contract Win

Ilika (AIM: IKA), the accelerated materials innovation company, announces that the company has entered into a proof of concept contract with a global OEM for solid state batteries in Wireless Sensor Network ("WSN") applications.

This six month project, with an existing European headquartered customer, takes the level of committed revenue for the current financial year to in excess of £600k, which is significantly ahead of £215k committed revenue at the same point last year. Further proof of concept and system integration contract discussions are already underway with this OEM, as well as others from around the world.

Commenting on the contract, Graeme Purdy, CEO of Ilika, said: "Earlier this year, Ilika announced a world-first in stacked solid-state battery processing and the successful testing of the battery architectures produced. More recently, Ilika announced the subsequent 25 times scale-up of these architectures to a size suitable for commercial applications. This announcement, clearly signals that we are successfully building the important commercial relationships that we require to ensure that our material and process innovations gain rapid market entry and capture significant market share across these multimillion dollar opportunities.

"Whilst we are confident this particular OEM is capable of delivering commercial revenues for Ilika, we remain in discussions with several other parties to ensure the success of our innovations and look forward to updating the market on our progress in due course."

Final Results

Operational highlights
· Unique processing methodology to produce stacked solid-state batteries developed
· Stacked architecture validated through electrochemical testing
· Cross sectional area of battery cells increased
· Battery production processes patent protected
· European fuel cell catalyst patent granted
· Three year grant funded project to develop new alloys for aerospace applications secured

Financial highlights:
· Cash, cash equivalents and bank deposits of £7.1m (2013: £1.9m)
· Revenues up 5% to £1.05m (2013: £1.00m)
· Loss for the year reduced by 20% to £2.79m (2013: £3.47m)
· Loss per share reduced by 29% to 5p (2013: 7p)

New high - About to announce something Big?

No insider info then!!

Contract Win

Ilika (AIM: IKA), the accelerated materials innovation company, announces that it has entered into a commercial contract with a new customer, based in the EU, for the development of battery materials.

This six month contract takes the level of committed revenue for the current financial year to over £825k, which is significantly ahead of the £535k committed revenue at the same point last year.

Lots of profit taking this morning.

As I'm an avid watcher of 'Dragon's Den' it is pleasing to the following notes in the 'Operational Highlights' section of post 28 above:

Unique processing methodology to produce stacked solid-state batteries developed

· Battery production processes patent protected
· European fuel cell catalyst patent granted

These are slightly early days and I think this stock is going to take a little while to get going.

Yesterday's 'Buy's of the stock are about 1/3rd of the value of the 'committed revenue for the current financial year' as mentioned in the RNS.

The value of the stock traded with today's profit taking has just about exceeded that value and by 10am this morning.

I am now looking for some big names (Samsung, Sanyo, etc, etc) mentioned in connection with Ilika and then it will really take off.

http://www.ilika.com/images/uploads/general/21304_Ilika_RA14_Web.pdf

Tipped in Red Hot Penny Shares yesterday according to advfn post target 230p.

Hold on to your hats!

That should read 280p!!! Within 2years, they're sticking their neck out. Fantastic if they're right

Successful Factory Acceptance Test

Ilika (AIM: IKA), the accelerated materials innovation company, announces that the pilot line for the production of prototype batteries has successfully completed its factory acceptance test (FAT). The completion of this FAT is in line with the timing announced by the Company on 1 July 2014.

On the 18 July 2013 Ilika announced that it had entered into an industrial partnership with the University of Southampton to design, build and operate a solid-state battery scale-up facility. The capital investment is being funded by a £3.3 million grant awarded by the Engineering and Physical Sciences Research Council (EPSRC) and is managed by Ilika's Chief Scientific Officer, Professor Brian Hayden.

As part of its contribution to this partnership, Ilika has supplied expert personnel to design the equipment and supervise the FAT, which recently took place at the fabricators in Finland. During this test, the functionality of the equipment was demonstrated and tested as a pre-condition to packing and shipping it for installation in the UK. The University of Southampton has made an additional investment of ca. £750,000 in state-of-art laboratory infrastructure in readiness for the installation and operation of the equipment.

The equipment will be shipped for installation and commissioning in Southampton in Q4 2014, after which work will commence to prepare pre-production quantities of solid-state batteries in 2015 for evaluation by commercial partners around the globe.

Graeme Purdy, CEO of Ilika, commented: "This successful FAT represents a significant milestone in the commercialisation of our solid-state battery technology. The pilot line will not only enable Ilika to make its unique stacked solid-state batteries in sufficient quantities for commercial validation, but it will also deliver valuable data for the economic modelling of its proprietary manufacturing process."

Zak Mir expert chartist has this going to 125p

www.directorstalk.com/technical-chart-plays-african-minerals-ami-ilika-ika-inspirit-energy/


Has somehow been overlooked this company, probably because it never gets listed in the high risers when it should for some reason which I must say I like (I lik a) saves all the idiots turning up and the increased volatility.

Directorate Change

Wait until they announce very exciting first licensing deal which all signs point to being imminent.

Official opening of the pilot line & trading update

Ilika (AIM: IKA), the accelerated materials innovation company, announces that The Rt Hon Greg Clark MP officially opened the pilot line for the production of prototype solid-state batteries in Southampton yesterday and a trading update for the six months ended 31 October 2014.

Official opening of the solid-state battery pilot line
On the 23 September 2014 the Company announced that the solid-state battery pilot line had successfully completed its Factory Acceptance Test ('FAT'). Having completed the FAT, the equipment was then unassembled, packed and shipped to Southampton.

Yesterday, The Rt Hon Greg Clark MP, Minister for Universities, Science and Cities, officially opened the pilot line for the production of prototype solid state batteries in Southampton. The pilot line is now going through a series of Site Acceptance Tests ('SAT'), designed to ensure the equipment achieves deposition rates for specified materials required for solid-state battery production. The SAT is expected to be completed during the current calendar year, after which pre-production batches of solid-state batteries will be prepared for evaluation by commercial partners in 2015.

In July 2013, the Company announced it had entered into an industrial partnership with the University of Southampton to design, build and operate a solid-state battery scale-up facility. The capital investment was funded by a £3.3 million grant from the Engineering and Physical Sciences Research Council ('EPSRC') and a further infrastructure investment of £750,000 by the University. The capital investment is being managed by Ilika's Chief Scientific Officer, Professor Brian Hayden. Ilika supplied an expert team to design the equipment and supervise its installation and operation.

Trading update
Financial results for the six months ended 31 October 2014 are expected to show total revenue for the period of £0.6m (H1 2013: £0.6m) resulting in an operating loss for the period of £1.6m (H1 2013: £1.5m). Cash and cash equivalents at the period end were £7.2m (H1 2013: £1.4m).

The Company will announce Interim Results for the six months ended 31 October 2014 on Thursday 22 January 2015.

Graeme Purdy, CEO of Ilika, commented: "Commercial interest in this pilot line continues to increase as its operational readiness accelerates. We are looking forward to announcing the successful completion of the SAT and the commencement of production of batches of Ilika's unique solid-state batteries. We have exciting plans for deploying this technology to address substantial commercial markets and it is gratifying to see high profile Ministerial support for our activities."

Ilika plc Given Speculative Buy Rating at Beaufort Securities (IKA)
November 26th, 2014
by Robert Jamerson

Ilika plc logoBeaufort Securities restated their speculative buy rating on shares of Ilika plc (LON:IKA) in a research note issued to investors on Monday.

Ilika plc (LON:IKA) opened at 101.50 on Monday. Ilika plc has a 52-week low of GBX 22.00 and a 52-week high of GBX 117.50. The stock has a 50-day moving average of GBX 93.91 and a 200-day moving average of GBX 79.70.

Separately, analysts at Numis Securities Ltd raised their price target on shares of Ilika plc from GBX 77 ($1.21) to GBX 110 ($1.72) in a research note on Friday, November 21st. They now have an add rating on the stock.

Ilika plc is engaged in the discovery and development of materials for mass market applications.

The Company focuses on two key sectors:

Energy where the Company assesses materials for their capacity for energy storage and conversion efficiency and

Electronics where materials created by the Company improve the performance and efficiency of a range of electronic components, such as digital memory devices and sensors.

And News due any day on its fuel cell catalyst

Update on patents for solid-state batteries

Ilika (AIM: IKA), the accelerated materials innovation company, announces international progress with two of its patent applications supporting solid-state batteries.

These two patent applications, of which Ilika announced the successful British grant in May 2014, are part of the patent families that cover Ilika's proprietary vapour deposition processes used in producing solid-state batteries directly from the elements. Ilika has received a Communication of Intention to Grant in Europe for one of its patent applications and a Notice of Allowance in the United States for another. Both patent applications were jointly filed with Toyota Motor Company on 21st July 2011.

Further new international patent applications have also recently been filed under the Patent Co-operation Treaty (PCT) based upon earlier British priority applications. It is the Company's intention to apply for patents in all significant economic jurisdictions.

These particular joint filings resulted from collaborative work undertaken by Ilika and Toyota, which commenced in 2008. These two patent families are the earliest filings of a growing portfolio of intellectual property (IP) exemplifying Ilika's unique approach to solid-state battery production using evaporation sources. The more recent applications in the portfolio contain both jointly-owned and solely owned IP.

The scalable stacked cell architecture which Ilika can produce enables the simple fabrication of cells over a wide range of sizes. Ilika intends initially to produce micro-battery prototypes designed for powering wireless sensors, commonly referred to as the "Internet of Things", which is a rapidly growing segment expected to create an addressable market for micro-batteries in excess of £1bn by 2017. The battery architecture will subsequently be scaled-up, using the same process but with faster fabrication rates, to produce devices suitable for the largest markets for lithium ion batteries in wearables and consumer electronics, including mobile phones.

Commenting on this latest development, Graeme Purdy, Ilika CEO, said: "This announcement underlines the uniqueness of the technology developed by Ilika for the production of solid-state batteries. Securing granted patents in Europe and the USA, two of the major markets in our field, is a significant milestone in reinforcing the value of Ilika's technology position and is a key value driver for the business. We also plan to secure granted patents in all other major economic jurisdictions."

MEET THE TECH SUPERSTARS OF TOMORROW

A 12-month share price performance of the companies that presented at the Innovators & Investors Forum last year included:

Elecosoft +42%
Idox +22%
Instem +34%
KBC Advanced +45%
XL Media +41%

The Innovators & Investors Forum, organised in partnership with Cenkos Securities and SHARES, is in its 4th year and is the UK's only technology investment show.

REGISTER NOW

Thousands of investors have attended our previous shows, attendees will also benefit from:

Learning from industry experts and influencers about the markets, the technology sector and individual companies
Find out from fund managers how they view the future in 2016
Meet the directors of up to 30 listed technology focused companies
Listen to our expert team of SHARES journalists

The event is supported with an extensive conference program
Keynote Speakers:

Daniel Coatsworth, Editor - Shares
Mark Dunne, Growth Companies Reporter - SHARES
Steven Frazer, Online Editor - SHARES
Russ Mould, Investment Director - AJ Bell
Richard Penny, Senior Fund Manager - Legal & General UK Alpha Trust
Simon Strong, Head of Research, Growth Companies - Cenkos Securities
Further speakers to be announced soon.

Meet the teams and talk directly to CEOs and Directors from:


Advanced Oncotherapy
ANGLE
CML Microsystems
Cyan Technology
Eckoh
eg solutions
Ilika
Instem
Lombard Risk
Mirada
Plastics Capital
SHARES
TyraTech

Further companies to be announced soon.




Date: 2nd February 2016

Venue: Business Design Centre, London


Event timings

Registration: from 09:00
Conference: 09:45 - 17:00
Exhibition: 09:00 - 18:00



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A Share mag is likely tipping this for 2016

Some sizeable buys as Something leaked here or positive press

Trading Update

Having peaked at 50p Feb 2017; this has fallen to 23p now, despite lots of "good News". Their Tech may be good.... but Patents don't butter parsnips . . . and their turnover is almost halved since last year... clearly Management is focussed on the Tech, rather than the messy bit of making a profit.
One suspects the cash at Bank will be spent over the next few years and further "Fundraising" will drop the sp further. This is typical of so many British companies.... where the financial institutions only want to support profits - so anyone else gets nothing.
I'm not at all keen on the Co. name as I mis-read it as Ikea = furniture. It may means something in scientific circles, or else nowt. However, IMHO It needs changing to reflect their (if any?), purpose in life, generally. For a fee I'll suggest some names....
When will shareholders get some uplift....? Dunno and it was only the misspelling that got my attention, despite IPO in 2012 (really?).