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.