Ilika plc IoT collaboration (7583R)

TIDMIKA

RNS Number : 7583R

Ilika plc

14 December 2016

Ilika plc

("Ilika" or the "Company")

IoT collaboration with Sharp and McLaren Applied Technologies

Ilika (AIM:IKA), a pioneer in materials innovation and solid-state battery technology, announces a collaborative project with McLaren Applied Technologies and Sharp Laboratories of Europe ('Sharp') to create an autonomous energy harvesting power source, thanks to funding of over GBP500,000 from Innovate UK.

Over GBP320,000 of the Innovate UK grant will be provided to Ilika, to lead a two-year project which will see Ilika's Stereax solid-state battery technology integrated with Sharp's photovoltaic (PV) technology to provide a power source for McLaren Applied Technologies' wireless sensing platform.

The initial development will focus on an energy harvesting wireless sensing platform with applications in industries that could include motorsport and automotive along with potentially healthcare and wearables. The project aims to address the opportunities of the fast-growing Internet of Things (IoT) market by developing materials for challenging environments and a manufacturing process to create the world's first fully integrated thin-film power source.

The objective is to develop robust, low maintenance sensor nodes for demanding environments. The power source must be robust, operate at up to 100 degC and be maintenance-free. The target footprint must be small with attractive aesthetics for easy integration into the sensor and its operating environment. It should also have dimensions comparable to the sensor and other electronic elements, but deliver sufficient power to fully operate the sensor.

This project will, therefore, combine Ilika's thin film solid-state battery technology, McLaren Applied Technologies' technological expertise and Sharp's light energy harvesting technology.

Commenting on this grant award, Graeme Purdy, Ilika CEO, said: "Ilika's Stereax technology is ideal for combining with energy harvesting technologies. Solid-state batteries are known for their low leakage currents and their ability to retain their performance over thousands of cycles. These properties make Stereax batteries the ideal technology to integrate with Sharp's high efficiency PV panels. We expect this development programme to create significant commercial opportunities across multiple sectors."

Dick Glover, Chief Technology Officer at McLaren Applied Technologies, said: "We are delighted McLaren Applied Technologies is part of a collaboration to create a next generation autonomous energy harvesting power source. Thanks to funding from Innovate UK, we will be developing sensors for the "Internet of Things" to improve system performance in a wide range of applications across the technology spectrum."

For more information contact:

 
 Ilika plc                                              www.ilika.com 
 Graeme Purdy, Chief                               Tel: [phone] 
  Executive 
 Steve Boydell, Finance 
  Director 
 
 Numis Securities Limited                          Tel: [phone] 
 Oliver Cardigan/ Paul 
  Gillam / 
 James Black 
 
 Walbrook PR Ltd            Tel: [phone] / [e-mail] 
 Paul Cornelius                                    Mob: [phone] 
 Lianne Cawthorne                                  Mob: [phone] 
 

Notes to editors

About Sharp Laboratories

Sharp Laboratories of Europe Ltd (SLE) was the first overseas Research and Development laboratory of Sharp Corporation (Japan). Its role is to develop new technology for Sharp products, supporting Sharp's manufacturing and product development activities in the UK, Europe and Japan. SLE facilities in Oxford undertake research on displays and embedded electronics, health and medical devices, energy and environmental solutions, and system devices.

About McLaren Applied Technologies

We are on a relentless mission to improve people's lives by combining our fresh thinking and technology to solve crucial challenges.

Decades of competition in the world's most technologically advanced sport has given us the ability to see and maximise the potential of an increasingly connected world.

And working with like-minded visionaries, we go beyond the limits of what was considered possible to turn ideas into reality by developing intelligent products and processes.

Visit www.mclaren.com/appliedtechnologies

This information is provided by RNS

The company news service from the London Stock Exchange

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December 14, 2016 02:00 ET (07:00 GMT)