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Ilika plc

26 April 2017

Ilika plc

("Ilika" or the "Company")

Product Enhancement

Launch of Stereax(TM) P180 solid-state battery, for extended temperature range

Ilika (AIM: IKA), a pioneer in materials innovation and solid-state battery technology, announces the launch of Stereax(TM) P180, extending the operating temperature range of the Stereax family of solid-state batteries.

This follows the launch of Stereax(TM) M250 solid-state battery in April 2016, which focused on miniaturisation of the solid-state battery technology. The Stereax P180 brings all the benefits of the Stereax products, including miniaturisation and energy density, with the additional benefits of support for extended temperature ranges from -40degC up to +150degC. This range is required for many Industrial IoT and Automotive end applications enabling always on, self-charging energy efficient IoT solutions for more demanding environments.

As the trend towards digitising industrial processes gathers momentum, the Board believe there is a growing requirement for components with enhanced tolerance to temperature, moisture and vibration.

Professor Keith Jackson, Non-Executive Director of Ilika and CTO of Meggitt PLC, said: "For industries like ours gathering more manufacturing and in-service maintenance information on our products enables us to improve operational efficiency as it enables full life cycle traceability and visibility from manufacture through to disposal. Miniature, ultra-low maintenance batteries are an essential building block to the required increased instrumentation of the build and maintenance processes, both for new and retro fit capabilities."

Solid-state batteries offer more stable, energy-efficient, reliable battery technology that can be used in conjunction with all current energy harvesting technologies. They enable self-sustaining power sources that do not need to be changed regularly or use additional expensive cabling. Offering significant weight saving in automotive environments and efficient, reliable functionality over a wide range of temperatures. Relative to standard lithium ion batteries, Stereax P180 solid-state batteries have lower leakage currents (10x smaller) and longer life spans, up to 10 years (5x longer). They can also be integrated with other electronic components enabling the product to be kept as small as possible. In the Stereax P180 all of these aspects are now combined with the ability to support temperatures range from -40degC up to +150degC.

Graeme Purdy, CEO, Ilika plc said: "The Stereax product family brings a range of solid-state battery solutions which customers can license to enable battery technology that meets the demanding needs of Industrial IoT and automotive environments. Ilika continues its commitment to bringing market leading solutions to address the wide needs of battery technology in the connected world."

To learn more about the capabilities of Stereax solid-state batteries Ilika will be demonstrating the capability of both the Stereax P180 and Stereax M250 products in perpetual beacons at:

   --     IDTechEx Europe, Berlin (Booth C10; 10-11 May 2017 and oral presentation on 10 May, 12:40) 
   --     Nanotech, Washington DC (15 May, 15:10) 
   --     Battery Power, TX (17 May, 10:20) 
   --     and Sensors Expo and Conference, San Jose (Booth 1431; 27-29 June 2017) 

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 (Corporate 
  Adviser) 
 James Black/ Michael Burke (Corporate 
  Broking) 
 
 Walbrook PR Ltd                               Tel: 020 7933 8780 / ilika@walbrookpr.com 
 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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April 26, 2017 02:00 ET (06:00 GMT)