Ilika plc (AIM: IKA), the advanced cleantech materials discovery company, has appointed Walbrook PR Ltd as its Financial PR advisor. Walbrook will advise Ilika on its communications with the financial media, research analysts and other small cap investor groups in London and the regions.
Ilika is an advanced materials company which accelerates the discovery of new and patentable materials using its unique high throughput technologies (''HTT'') process for identified end uses in the energy, electronics and biomedical sectors. This process enables hundreds of scalable materials to be made in a single, automated operation and subsequently tested for key properties.
The Company focuses on three principal sectors and has a number of active development programmes addressing markets within each sector:
- Energy – including new materials for lithium-ion batteries for vehicles; high capacity hydrogen storage materials; cheaper alternatives to platinum electrodes for use in fuel cells; new materials for use in fuel cells for the transport sector; and in-house research on film photovoltaic solar cells.
- Electronics - lead-free piezoelectric materials; phase change memory materials for high capacity memory chips and high-performing electronic materials.
- Biomedical - developing polymers to enable the filtering of somatic stem cells from blood; selling Cryoskin and Myskin: products for the treatment of burns and wounds in the UK
For the year ending 30 April 2011 Ilika announced revenues up 46% to c. £1.5 million. They also announced a substantial increase in the level of grant funding for in-house R&D and an improved Loss before tax in line with expectations. Cash balances remain strong, totalling £2.8 million at 30th April 2011.
Paul McManus, Director of Walbrook PR, said: "We are delighted that Ilika has chosen Walbrook to assist in increasing its profile within UK capital markets and highlight its success in commercialising its technology."