Toyota Funds Collaboration with Ilika

RNS Number : 9291Y

Ilika plc

09 March 2017

 

Ilika plc

("Ilika" or the "Company")

Toyota Funds Collaboration with Ilika

Ilika (AIM:IKA), a pioneer in materials innovation and solid-state battery technology, announces an initial, one-year, commercially-funded project to develop game-changing energy materials in collaboration with Toyota.

The project, which was referenced in the Company's Trading Update released on 23^rd November 2016 as a commercially-funded materials development programme from an existing customer, will be managed through the Toyota Research Institute ("TRI") in the USA. The project is part of a wider programme within TRI and details of this wider collaboration will be announced in due course.

Candidate materials will be made and tested using Ilika's unique high throughput platform. Promising materials will be further scaled-up by Toyota and its suppliers for deployment in its future low-emission vehicles.

This project will combine Ilika's thin film solid-state materials synthesis and characterization technology, with Toyota's automotive leadership.

Commenting on this collaboration, Graeme Purdy, Ilika CEO, said: "We are delighted to have broadened and deepened our relationship with the Toyota Group. Toyota is demonstrating global vision in the innovation and implementation of leading-edge technology in next generation automotives."

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] or
Paul Cornelius	[e-mail]
Paul McManus

 

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