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

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