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

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?).