29th October 2010
(“Ilika” or the “Company”)
Ilika awarded Carbon Trust Research and Development Grant to Accelerate Scale-up and Commercialisation of Ilika’s Next Generation Fuel Cell Catalysts
Ilika plc (AIM:IKA), the advanced cleantech materials discovery company, is pleased to announce that Ilika Technologies Limited has been awarded an initial Phase 1 research and development grant by the Carbon Trust to undertake the scale-up synthesis and MEA (Membrane Electrode Assembly) testing of high performing palladium alloy compositions for use in fuel cell vehicles.
Palladium alloy electrocatalysts have the potential to be 70% cheaper than platinum electrocatalysts on a cost / performance basis. Ilika also plans to extend its intellectual property portfolio in this field by further developing low-cost platinum and palladium-alloy core shell electrocatalysts which exhibit excellent performance and stability.
Commenting on the award of the grant, Graeme Purdy, Chief Executive of Ilika, said:
“Ilika is delighted with the continuing support offered by the Carbon Trust to assist us with the scale-up and commercialisation of next generation fuel cell catalysts that can significantly reduce the high cost of PEM (Polymer Electrolyte Membrane) fuel cells and thereby accelerate the market penetration of fuel cell vehicles with the dramatic carbon savings that they can bring “
For further details, please contact:
Tel. +44 (0) 23 8011 1400
Graeme Purdy, Chief Executive
Steve Boydell, Finance Director