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Ilika plc (IKA)

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Thursday 28 September, 2017

Ilika plc

AGM Statement

RNS Number : 0101S
Ilika plc
28 September 2017
 

Ilika plc

("Ilika" or the "Company")

 

AGM Statement

 

Ilika (AIM: IKA), a pioneer in solid-state battery technology and materials innovation, will hold its Annual General Meeting at 2pm today at the offices of Eversheds LLP, One Wood Street, London, EC2V 7WS. Ahead of the formal proceedings Graeme Purdy, Chief Executive of Ilika, will provide the following update to shareholders:

 

"We are pleased to report that the first quarter of the year has traded in-line with the Board's expectations and contracted revenue to date for our current financial year has grown to £2.0m.

 

"Since the announcement of our final results in July, the Company has made good progress towards the goals set out in the StereaxTM development roadmap. Our marketing activities have resulted in an increase in the number of customer disclosure agreements to around 50, including those covering the transfer of StereaxTM products for evaluation, bringing the Company ever closer to licensing agreements.

 

"The Board remains focused on the development and licensing of Ilika's solid-state battery technology, investing in the StereaxTM roadmap, finalising manufacturing partnerships and ultimately securing licensing agreements for our StereaxTM technology."

 

Company presentation

After the formal business of the AGM has come to an end, Graeme Purdy, will provide a short presentation to investors with an overview of progress and strategy. No new material will be disclosed in the presentation and it will be made available on the website today.

 

 

 

 

For more information contact:

 

Ilika plc

www.ilika.com

Graeme Purdy, Chief Executive

Tel: 023 8011 1400

Steve Boydell, Finance Director

 

 

 

Numis Securities Limited

Tel: 020 7260 1000

Oliver Cardigan/ Paul Gillam /

 

James Black

 

 

 

Walbrook PR Ltd

Tel: 020 7933 8780 / [email protected]

Paul Cornelius

Mob: 07866 384 707

Lianne Cawthorne

Mob: 07584 391 303

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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