Ilika 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 and an initial public offering (IPO) on the London Stock Exchange in May 2010.
Significant milestones include:
- May 2004: Ilika Technologies Ltd founded and seed-round secured
- August 2004: First commercial customer, Asahi Kasei, secured
- May 2006: A round venture capital funding secured
- February 2007: Operations expanded to current location on Southampton Science Park
- September 2007: B round venture capital funding secured
- October 2007: Shell becomes a partner for development of hydrogen storage technology
- February 2008: Toyota becomes a partner for development of battery materials
- September 2009: Wholly-owned subsidiary, Altrika, purchases GMP manufacturing assets
- October 2009: Cryoskin and Myskin products launched by Altrika in UK
- May 2010: Successful IPO on London Stock Exchange
- May 2011: First year results delivered in line with analyst’s expectations