Ilika (IKA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

28.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 57.50
  • 52 Week Low: 27.00
  • Currency: UK Pounds
  • Shares Issued: 158.98m
  • Volume: 129,450
  • Market Cap: £45.31m

Ilika granted three US patents

By Josh White

Date: Thursday 29 Jun 2017

LONDON (ShareCast) - (ShareCast News) - Solid-state battery technology and materials developer Ilika announced the grant of three patents covering catalysts for hydrogen fuel cells in the US on Thursday.
The AIM-traded company said the patents covered a type of catalyst known as 'core-shell catalysts', where the catalyst was the coating on nano-scale spherical particles, akin the hard shell on a golf ball.

"Catalysts are key to ensuring the efficiency and reliability of fuel cells," the board explained.

"The catalysts must therefore be stable in the aggressive acidic environment created within hydrogen fuel cells, whilst highly active in promoting the chemical reactions necessary for converting hydrogen and oxygen into electricity and water."

Core-shell nanostructured catalysts typically had a relatively low-cost and stable core, which was then coated with a thin layer - shell - of the active catalyst, Ilika explained.

It said its patented catalysts had mixed metal oxide (ceramic) cores covered in platinum.

The three wholly-owned granted patents were originally filed in January 2013.

Ilika had previously undertaken a joint development project with Toyota examining other catalyst materials which resulted in an earlier jointly-owned patent filing, which had since gone to grant in Japan and was currently being processed in other jurisdictions.

"Whilst our solid-state battery programme is our key focus, our materials discovery platform is generating innovative, patentable materials with a variety of applications," said CEO Graeme Purdy.

"The pace of innovation in the automotive industry has never been greater as companies compete to develop increasingly more energy-efficient, low emission vehicles."

Purdy said that, while electrical hybrid vehicles using battery technology had captured the largest share of the low-emission market so far, and fully battery-powered electric vehicles were also seeing strong take-up, fuel cell vehicles offered the advantage of long driving range "which justifies the development of key technologies such as low-cost, robust catalysts."

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Ilika Market Data

Currency UK Pounds
Share Price 28.50p
Change Today 1.00p
% Change 3.64 %
52 Week High 57.50
52 Week Low 27.00
Volume 129,450
Shares Issued 158.98m
Market Cap £45.31m

Ilika Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.21% below the market average30.21% below the market average30.21% below the market average30.21% below the market average30.21% below the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Price Trend
63.88% below the market average63.88% below the market average63.88% below the market average63.88% below the market average63.88% below the market average
64.1% below the sector average64.1% below the sector average64.1% below the sector average64.1% below the sector average64.1% below the sector average
Income Not Available
Growth
63.97% below the market average63.97% below the market average63.97% below the market average63.97% below the market average63.97% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
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Ilika Dividends

No dividends found

Trades for 24-Apr-2024

Time Volume / Share Price
16:33 30,000 @ 27.00p
16:33 5,000 @ 27.00p
16:32 5,000 @ 27.00p
16:17 3,050 @ 28.06p
16:14 14 @ 27.00p

Ilika Key Personnel

CEO Graeme Purdy
Chair Keith Jackson

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