Renewal of Contract

RNS Number : 3447Y

Ilika plc

21 February 2013

 



 

Ilika plc

("Ilika" or the "Company")

Renewal of Contract

Ilika plc (AIM: IKA), the advanced cleantech materials company, confirms that further to the announcement on 11 December 2012, it has renewed and extended the scope of another existing contract with the same major existing customer for the development of its battery technology.

This contract is in addition to the contract previously announced and regards the broadening of the scope of technical engagement within the battery field. The renewal marks the third phase of this contract with an order value of ca. £160,000 for a two month programme of work with a follow-on phase expected, subject to satisfactory initial results being achieved.

Commenting on the renewal, Graeme Purdy, CEO of Ilika, said: "We are delighted that this world-leading automotive customer continues to invest in broadening and deepening its relationship with Ilika and we look forward to accelerating their materials development in next generation batteries for hybrid vehicles."

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, Nominated Adviser
James Black, Corporate Broking
Walbrook PR Ltd	Tel: [phone]
Paul McManus	Mob: [phone] or [e-mail]
Paul Cornelius	Mob: [phone] or [e-mail]

 

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