Ilika (IKA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

28.60p
   
  • Change Today:
      0.60p
  • 52 Week High: 48.94
  • 52 Week Low: 27.00
  • Currency: UK Pounds
  • Shares Issued: 158.98m
  • Volume: 1,212
  • Market Cap: £45.47m

Ilika to deploy solid-state battery technology for condition monitoring of turbine blades

By Iain Gilbert

Date: Tuesday 14 Nov 2017

LONDON (ShareCast) - (ShareCast News) - British group Ilika announced on Tuesday it had finalised a partnership with a Chinese wind turbine manufacturer that would see its Stereax solid-state battery powered devices used to monitor the condition of the turbines.
The deployment was part of a two-year, £1m collaborative development project between Ilika and Titan Wind Energy, with support from Chester University in the UK and the Nanjing University of Aeronautics and Astronautics in Jiangsu province, China, aided by £400,000 of funding from Innovate UK.

The primary objective of the project was to better develop an integrated smart sensor capable of performing autonomous structural condition monitoring powered by Ilika's Stereax battery, which would then be incorporated into the wind turbine's blades.

Ji Jun, president of Titan Wind, said, "We are very excited about the opportunity of using Ilika's Stereax solid-state battery technology in the globally significant market of wind turbine blade condition monitoring."

Speaking on the award, Graeme Purdy, Ilika's chief executive, said, "This partnership is expected to bring about a step change reduction in the operating costs of wind turbines, which is of paramount importance in sustaining the economic viability of wind energy. "

"In China, growth of industrial applications for Internet of Things (IoT) solutions such as this one is outstripping consumer IoT," he added.

As of 1000 GMT, shares had ticked up 14.29% to 24.00p.

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Ilika Market Data

Currency UK Pounds
Share Price 28.60p
Change Today 0.60p
% Change 2.14 %
52 Week High 48.94
52 Week Low 27.00
Volume 1,212
Shares Issued 158.98m
Market Cap £45.47m

Ilika Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.93% below the market average28.93% below the market average28.93% below the market average28.93% below the market average28.93% below the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Price Trend
75.88% below the market average75.88% below the market average75.88% below the market average75.88% below the market average75.88% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
8.57% above the sector average8.57% above the sector average8.57% above the sector average8.57% above the sector average8.57% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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Ilika Dividends

No dividends found

Trades for 29-May-2024

Time Volume / Share Price
08:30 510 @ 28.00p
08:30 448 @ 27.88p
08:13 158 @ 27.88p
08:07 92 @ 29.00p
08:07 4 @ 27.00p

Ilika Key Personnel

CEO Graeme Purdy
Chair Keith Jackson

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