Collaboration with Galvani Bioelectronics

RNS Number : 3157Z

Ilika plc

14 March 2017

 

Ilika plc

("Ilika" or the "Company")

Ilika and Galvani Bioelectronics enter into collaboration in Bioelectronics Project

Ilika (AIM: IKA), a pioneer in materials innovation and solid-state battery technology, announces a two-year collaborative project with Galvani Bioelectronics to develop a solid state battery for miniature medical implants. Ilika's Stereax^TM batteries have a high power density, a long battery life and they can be produced in miniature form, making them particularly suitable for these micro-devices.

This collaboration aims to deliver key components of bioelectronic devices, which have the potential to provide treatments for serious health conditions, through the body's own nervous system.

The £1.0 million development project is supported by funding of £0.7 million, which Ilika will receive from Innovate UK and the Medical Research Council.

Commenting on this grant award, Graeme Purdy, Ilika CEO, said: "This partnership with Galvani Bioelectronics, using Ilika's lithium-ion Stereax battery technology, may provide the potential to treat diseases that have so far been difficult to manage. Collaborations like this are critical to the delivery of advances in the field of solid state battery development."

For more information, contact:

Ilika plc	www.ilika.com
Graeme Purdy, Chief Executive	Tel: [phone]
Steve Boydell, Finance Director
Numis Securities Limited	Tel: [phone]
Oliver Cardigan/ Paul Gillam /
James Black
Walbrook PR Ltd	Tel: [phone] / [e-mail]
Paul Cornelius	Mob: [phone]
Lianne Cawthorne	Mob: [phone]

 

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