Ilika PLC (AIM: IKA), the accelerated materials innovation company, has told DirectorsTalk its audited full-year results for the year ended 30 April 2015.
Operational highlights:
-- Grant of two patents covering methods for producing solid-state batteries -- Twenty-five fold increase in solid-state battery size achieved -- Official opening of pilot line by Rt. Hon Greg Clark MP, in Southampton -- Proof of concept contract win with European partner for development of batteries for WSN -- Commencement of solid-state battery pilot production leading to:
o 20 x larger deposition area of key battery materials
o 5 x increase in materials deposition rate
— Case study information released relating to aerospace alloy development work carried out with Rolls Royce and Boeing
-- Board strengthened with the appointment of Keith Jackson, CTO of Meggitt plc, as NED
Financial highlights:
-- Revenues up 4% to GBP1.09m (2014: GBP1.05m) -- Loss for the year reduced to GBP2.7m (2014: GBP2.8m) -- Loss per share reduced to 4.10p (2014: 5.37p) -- Cash, cash equivalents and bank deposits of GBP6.0m (2014: GBP7.1m)
Commenting on the results Ilika’s Chairman, Jack Boyer, said: “The Company has made substantial progress this year in scaling up its proprietary solid-state battery technology. This operational progress has gone hand-in-hand with commercial discussions with OEM’s and supply chain partners interested in integrating Ilika’s battery technology into Internet of Things (IoT) devices.”
