Lets look at the highlights in detail eh
· Exchanged detailed Stereax® performance data with over 60 potential OEM partners We sent some emails out to prospective people had an out of office from 30 but we will follow up with the rest
· Shipped sample batteries to 10 potential OEM partners for detailed technical evaluation. Same as get me 10 jiffy envelopes and send them to R&D people in organisations. Let see what we get back
Ah we got this back
· Three of these have progressed to development and deployment partnerships:
o Advanced a development programme to integrate a Stereax® battery in a miniature medical implant product (value to Ilika of £700,000 over 18 months from March 2017) > we bought MS Project and Yvonne is just putting down the PID
Commenced a development programme to integrate a Stereax® battery with a photovoltaic energy harvesting solution from Lightricity (ex-Sharp) (value to Ilika of £320,000 over two years from July 2017) Yvonne has had a busy month
o Secured a deployment programme with Titan Wind Energy, China's largest wind turbine manufacturer, to use Stereax® M250 batteries to power strain sensors for turbine blade condition monitoring (value to Ilika of £400,000 over two years from March 2018) we are not sure about IP as we are working with Chinese who are sure to rip us off but hey ho what have we go to lose and we aint done nowt yet except got a signature
· Continued to implement the Stereax® roadmap to achieve increased capacity per footprint and miniaturisation requirements And go on have we gone from 1:25000 to 1:50000
· Executed the following materials development programmes:
o plasmonic lenses and Heat Assisted Magnetic Recording (HAMR) materials with Seagate and????
o battery materials with Johnson Matthey
o game changing energy materials with Toyota and
o aerospace alloys in collaboration with partners including Rolls Royce, GKN and BAE Systems.
· Expanded proprietary IP with patents granted in USA for core-shell catalysts for fuel cells
· ISO 9001Certification achieved in December 2017 Your having a laugh you have only just achieved ISO 9001
· Total revenue for the period £1.0m (H1 2016: £0.3m)
· Loss per share 2p (H1 2016: 3p per share)
· Cash balance at period end £3.9m (H1 2016: £7.1m) we burnt a lot of your cash erm we can account for it but we may need to go back in your pockets again just so we can fill the hot air bag and produce more highlights
ShareSoc Growth Company Seminar in London - 13th February
Ilika plc (IKA): Ilika is engaged in the production, design and development of high throughput methods of material synthesis, characterization and screening. It has developed solid-state battery technology to meet the demands of the Internet of Things (IoT). The Company has materials development programs addressing a range of applications, including the solid-state battery, aerospace alloys and electronic materials. It has developed a type of lithium-ion battery, which, instead of using the usual liquid or polymer electrolyte, uses a ceramic ion conductor. It offers Stereax M250 rechargeable, thin film battery. It has applications in autonomous sensor devices, smart homes (heating, ventilation and air conditioning (HVAC), security, light), automotive (infotainment, sensors), logistics (asset tracking), medical devices (biometric monitoring) and wearables. It is also developing superalloys, self-healing alloys and smart materials for electronic data storage.
Yes theprior, I think that is also true of some of my investments, but I have found that patience does pay off in some cases. In the case of Ilika I think the question is whether the company is little more than a research contractor or has it really developed someting of value in its licensing agreements and Stearax batteries? I do not know the answer to this question but despite my reservations, the share price is now so low (20p) that I would regard it as attractive, but have invested a smaller than normal amount because of the speculative nature of this company and its commercially unproven technology. I guess my interest was triggered by my investment in Versalien which demonstrates how a material technology company can perform when it captures the imagination of investors although I am not suggesting that Ilika is anything like Versalien, although both companies address huge markets. If Ilika's management has been too conservative in commercialising the technology then this could be remedied by bringing in additional commercial expertise or selling the company to someone else who could commercialise it in a timely fashion. On the other hand, if the problem is the company's technology, then my investment will have been in vain. I am comforted by the fact that the company remains in a stable financial state and the financial figures are at least moving in the right direction. I think this one is now down to private investors as the illiquidity of the shares would discourage any institutional investors from investing unless it was through a fundraising, but as the placings have been at 50p pr 60p I'm not sure how many institutional investors would want to plough more money into the company unless the share price recovers strongly..
As an afterthought, I am now convinced that I see potential in these new tech type of businesses long before it is justified and long before anyone else does. This ensures that my money gets tied up for much too long while Im waiting for everyone else to come to the realisation that the techs a good idea, and for the company to begin making money /:-((
Ahh well, back to the waiting room.
Yes it does sound positive theprior but I think people are getting a bit impatient with this company. As the company proudly says "Ilika has been inventing new materials for energy and electronics markets for over a decade" but I must admit there is precious little financial progress to show for all this inventing. It seems good at signing collaborative deals with big and large companies but less good as monetising its technologies.
Got to be one of the best potential AIM stocks, with only 97m shares in issue, recent rises will soon be improved upon once all the massive buy orders are filled, including the late trade of 670m just appeared...phew !!
AND Finance deal with Talaxis for $12m fully funded with no dilution. No wonder this was the most heavily traded stock when news dropped on Friday?
William Dawes, Chief Executive Officer of Mkango, said: "This transaction is transformational for Mkango and for Malawi, and is a further endorsement of the Company's strategy and potential. This Agreement significantly strengthens our balance sheet whilst ensuring that the Company is fully funded to progress Songwe and our collaboration with Metalysis. It also comes at a pivotal time in the rare earth market with a very strong demand outlook for rare earths such as neodymium and praseodymium used in permanent magnets for electric vehicles, wind turbines and other clean technology applications. We are very excited to be working with Talaxis, and moving forward with the bankable feasibility study for Songwe and Phase II of the research and development programme with Metalysis."
Daniel Mamadou, Executive Director of Talaxis said: "The global push to decarbonize the economy is creating pressure on the supply of critical elements to the green tech sector. Environmental regulation and the policy changes are driving the price of technology metals. Supported by our access to global logistics capabilities, an extensive marketing network and a team of experienced professionals, Talaxis is pleased to enter into this agreement, which further strengthens our supply chain specialized in tech metal products."
Seems positive, with revenue increasing and lots in the pipeline. Funds to see them along for a couple of years or more.
But seems to ha e been a pull back on most smaller companies over the last few days. Doesnt help.
Batteries for wind turbines seems a good market to be getting into, but wasn't there an easier company to deal with than one in China? Anyway I hope the SP has hit the bottom as I have had a small top up. As you say though TP, still no sign of revenue. Still wondering whether the better option would be to get out of this one.
Possibly but I would feel a lot more comfortable if there was more news from this lot. AGM statement referred to 50 customer disclosure agreements but there has still been nothing on any licensing agreements. Had my fingers burnt by several of these alternative power technology firms so hope this isn't going to be another one.
seems that an institution is not too impressed either - though the indirect nature of their holding suggests it is a client of theirs ( am I correct?) went from 0% to 9.28% on the 7th July and today back down to 5%.
A mirror would mean a multi bag from here, GN. But are we levelled out yet ? Or do we have further to fall before the reflection appears ?
This could well be a case of "buy on news" (if we ever get any)
It's news that will call the bottom, don't you think ?
the three year chart tells the story....waiting for it to level out and then await the mirror climb back up as has happened elsewhere. The partners and the tech are all in the right direction, only the SP is dodgey
Well said daylite, but I have been here for a number of years and seen much better newsflow and shareprice.
I have said on more than onse occasion that anything under a pound is good value ! If I'd been a trader of this stock I could be very rich, but I'm standing at a considerable loss just now, waiting for some information.
Research progress - at least successful progress - is by it's very nature slow. If projects found themselves going down a dead end, that news would soon come out, but as long as progress (albeit slight) is being made then it will be kept under wraps to avoid alerting competitors.
This company is a long-term prospect, not one for the get-rich-quick traders, and as far as I am concerned ' no news is good news'!
..whose raisin d'etre is the speeding up of processes, Ilika, seems to be progressing at snails pace (if at all)
In this news vacuum we are left wondering if the company is making any progress, or, indeed is it still in existence ? Who knows.
Come on IKA...show us the money !!!
"Toyota has been working towards all-electric vehicles for years now. In 2011 it said it was working with academic researchers to perfect crystalline structures that will move lithium ions through a solid electrolyte." Was this referring to Ilika, I wonder. Have to check back through the archives, I guess.
Business Secretary Greg Clark announces the launch of the £246 million Faraday Challenge to boost expertise in battery technology.
Business Secretary announces first phase of its £246 million investment in battery technology as he launches Industrial Strategys landmark Faraday Challenge
first phase includes launch of £45 million Battery Institute competition to establish a centre for battery research to make technology more accessible and affordable
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