COVID-19 Update

RNS Number : 4618H

Ilika plc

25 March 2020

 

Ilika plc

("Ilika" or the "Company")

COVID-19 Update

Ilika (AIM: IKA), a pioneer in solid-state battery technology, takes this opportunity to provide an update on the actions we have taken to minimise the impact of the COVID-19 virus on our business.

In order to prioritise the safety of our staff, their families and our customers we are ensuring our compliance with UK Government directives to avoid non-essential travel and maximise home-working. Any employees falling into at-risk categories and those showing COVID-19 symptoms are following self-isolation procedures.

We are liaising with our supply chain partners to manage and mitigate the consequences of any localised business disruption.

Through the deployment of effective remote working practices, we are maintaining momentum with planned business discussions and are continuing to mature our commercial pipeline. The Company's pilot line at the University of Southampton has temporarily closed due to the COVID-19 pandemic but, given our ability to maintain essential existing operations and with the proposed third party fabrication facility expected to proceed as planned, on the basis of current Government guidance, we do not currently expect any material change to market expectations for the financial years ending 30^th April 2020, 2021, 2022 and 2023 to arise as a result of the pandemic.

Ilika's CEO Graeme Purdy, stated, "We have taken a proactive approach to managing the operational risks posed by COVID-19. In particular, we are ensuring continued momentum with our strategy of implementing a manufacturing route for our Stereax^TM miniature batteries and also the development of our large format Goliath programme. I would like to extend my thanks to our loyal team of staff, partners, advisors and shareholders through these turbulent times."

For more information contact: Ilika plc	www.ilika.com
Graeme Purdy, Chief Executive	Via Walbrook PR
Steve Boydell, Finance Director
Liberum Capital Limited	Tel: [phone]
Andrew Godber, Cameron Duncan, William Hall, Nikhil Varghese
Walbrook PR Ltd	Tel: [phone] / [e-mail]
Tom Cooper	Mob: [phone]
Lianne Cawthorne	Mob: [phone]
Nick Rome	Mob: [phone]

IMPORTANT NOTICES

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward- looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "forecasts", "plans", "prepares", "anticipates", "projects", "expects", "intends", "may", "will", "seeks", "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the Company's and the Directors' intentions, beliefs or current expectations concerning, amongst other things, the Company's prospects, growth and strategy. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, achievements and financial condition may differ materially from those expressed or implied by the forward-looking statements in this announcement. In addition, even if the Company's results of operations, performance, achievements and financial condition are consistent with the forward-looking statements in this announcement, those results or developments may not be indicative of results or developments in subsequent periods. Any forward-looking statements that the Company makes in this announcement speak only as of the date of such statement and (other than in accordance with their legal or regulatory obligations) neither the Company, nor Liberum nor any of their respective associates, directors, officers or advisers undertakes any obligation to update such statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Liberum or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefor is expressly disclaimed.

No statement in this announcement is intended to be a profit forecast or estimate, and no statement in this announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.

 

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