Ilika (IKA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

30.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 49.00
  • 52 Week Low: 27.50
  • Currency: UK Pounds
  • Shares Issued: 158.98m
  • Volume: 25,764
  • Market Cap: £47.69m

Ilika joins consortium to make new sensors for Network Rail

By Josh White

Date: Thursday 07 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Solid-state battery technology company Ilika announced the development and trial deployment of wireless sensors powered by its 'Stereax' batteries for monitoring rail infrastructure on Thursday.
The AIM-traded firm said the project consortium consisted of itself, Smart Component Technologies (SCT), and the state-owned infrastructure operator Network Rail.

It said that in the 18-month project, self-powered sensors for monitoring key parameters affecting the performance of the railway infrastructure - including load, temperature and shock - would be developed, deployed, tested and evaluated.

The sensors would combine Ilika's Stereax solid-state battery technology and SCT's ultra-low power sensor platform, and would be wirelessly connected to Network Rail's existing condition monitoring platform.

Ilika said the self-powered sensors would be "maintenance-free", and would generate data 24/7, 365 days per year.

The self-powered sensors would be demonstrated on live Network Rail infrastructure as part of a six-month trial deployment.

Ilika said the project supported Network Rail's rail technical strategy, and directly addressed one of the priority challenges - 'reliable and resilient switches' - which Network Rail had published to detail specific business opportunities for the rail industry.

The solid-state battery powered sensors would be the first of their type developed and tested for the railway industry.

Solid-state batteries offered substantial benefits over the currently used lithium-ion batteries, including low leakage currents, compact design with twice the volumetric energy density of lithium-ion batteries, high power density, and a cycle life of 5,000 cycles - equivalent to a 10-year lifespan.

The project was awarded grant funding by Innovate UK, of which Ilika would receive around £0.115m, with balancing contributions from the project's partners.

"This project is a great example of how Network Rail would like to work with our supply chain to assist in the deployment of technology to that is closely aligned with our priority challenges in order to deliver significant business benefits," said a spokesperson at the government-owned railway infrastructure operator.

Dr Jack Bryan Hughes of Smart Component Technologies said his company was "at the forefront" of condition monitoring of critical industrial assets.

"This deployment is closely aligned with our specialism of providing low cost solutions for predictive maintenance."

Ilika's chief executive officer, Graeme Purdy, said they had a "strong consortium" to deliver the product, with Ilika and SCT working together with Network Rail.

"We are looking forward to the deployment of our Stereax battery into Network Rail's intelligent track monitoring system, and to supporting the transition to its predict and prevent maintenance regime."

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Ilika Market Data

Currency UK Pounds
Share Price 30.00p
Change Today -0.50p
% Change -1.64 %
52 Week High 49.00
52 Week Low 27.50
Volume 25,764
Shares Issued 158.98m
Market Cap £47.69m

Ilika Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.67% below the market average31.67% below the market average31.67% below the market average31.67% below the market average31.67% below the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Price Trend
67.18% below the market average67.18% below the market average67.18% below the market average67.18% below the market average67.18% below the market average
58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average
Income Not Available
Growth
63.35% below the market average63.35% below the market average63.35% below the market average63.35% below the market average63.35% below the market average
54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average

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Ilika Dividends

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Trades for 01-May-2024

Time Volume / Share Price
14:05 2,080 @ 30.00p
12:59 3,000 @ 30.00p
12:11 1,500 @ 30.62p
11:54 2,166 @ 29.26p
10:44 1,656 @ 29.20p

Ilika Key Personnel

CEO Graeme Purdy
Chair Keith Jackson

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