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Carbon Trust Grant and New Customer Contract for Battery Materials Screening

18th April 2011

lika plc (AIM:IKA), the advanced cleantech materials discovery company, is pleased to announce that Ilika Technologies Limited has been awarded a £173k research and development grant by the Carbon Trust to undertake further scale-up synthesis and MEA (Membrane Electrode Assembly) testing of high performing palladium alloy compositions for use in fuel cell vehicles.

Ilika is also pleased to announce that it has signed an initial contract with a world leading electronics manufacturer. The contract is to demonstrate Ilika’s high throughput, screening technologies for the identification and optimisation of next generation battery materials, in return for stage payments.

Commenting on these announcements, Graeme Purdy, Chief Executive of Ilika, said:

“To have received this continuing commitment from the Carbon Trust is a further testimony to Ilika’s technical capabilities. This is reinforced by the award of a further project from another world leading organisation that has chosen Ilika as a materials development partner.”

Dr Robert Trezona, Director, Research Accelerators at the Carbon Trust, added:

“We have been supporting Ilika’s fuel cell work for some time and their recent results confirm the major commercial and carbon-saving potential that this UK technology could unlock. Ilika’s world-class materials development could significantly improve the cost, performance and durability of clean energy products."

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