Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Ilika Plc LSE:IKA London Ordinary Share GB00B608Z994 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -1.64% 30.00p 29.00p 31.00p 30.50p 30.00p 30.50p 23,830 16:21:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 2.1 -3.3 -3.7 - 30.00

Ilika plc Deployment of Wireless Sensors with Network Rail

07/03/2019 7:00am

UK Regulatory (RNS & others)


Ilika (LSE:IKA)
Historical Stock Chart

6 Months : From Dec 2018 to Jun 2019

Click Here for more Ilika Charts.

TIDMIKA

RNS Number : 0867S

Ilika plc

07 March 2019

Ilika plc

("Ilika" or the "Company")

Deployment of Wireless Sensors with Network Rail

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces the development and trial deployment of wireless sensors powered by Stereax(R) batteries for monitoring rail infrastructure. The project consortium consists of Ilika, Smart Component Technologies Ltd (SCT) and Network Rail.

In this 18-month project, self-powered sensors for monitoring key parameters affecting the performance of the railway infrastructure (load, temperature, shock) will be developed, deployed, tested and evaluated. The sensors will combine Ilika's Stereax(R) solid-state battery technology and SCT's novel ultra-low power sensor platform and will be wirelessly connected to Network Rail's existing condition monitoring platform. The self-powered sensors will be maintenance free and will generate data 24/7, 365 days per year.

The self-powered sensors will be demonstrated on live Network Rail infrastructure as part of a six-month trial deployment.

The project supports Network Rail's Rail Technical Strategy and directly addresses one of the priority challenges, Reliable and Resilient Switches, which Network Rail has published to detail specific business opportunities for the rail industry.

The solid-state battery powered sensors will be the first of this type developed and tested for the railway industry. Solid-state batteries offer substantial benefits over currently used lithium-ion batteries, including; low leakage currents, compact design with twice the volumetric energy density of lithium-ion batteries, high power density and cycle life of 5,000 cycles (equivalent to a 10-year lifespan).

The project has been awarded grant funding by Innovate UK, of which Ilika will receive ca. GBP115,000, with balancing contributions from the project's partners.

"This project is a great example of how Network Rail would like to work with our supply chain to assist in the deployment of technology to that is closely aligned with our priority challenges in order to deliver significant business benefits", stated a Network Rail spokesperson.

"SCT is at the forefront of condition monitoring of critical industrial assets. This deployment is closely aligned with our specialism of providing low cost solutions for predictive maintenance", added Dr Jack Bryan Hughes of Smart Component Technologies.

"We have a strong consortium to deliver this product innovation, with Ilika and SCT working together with Network Rail, the owner and infrastructure manager of most of the railway network in Great Britain. We are looking forward to the deployment of our Stereax(R) battery into Network Rail's intelligent track monitoring system and to supporting the transition to its Predict and Prevent maintenance regime", added Ilika's CEO Graeme Purdy.

For more information contact:

 
Ilika plc 
Graeme Purdy, Chief Executive                           Tel: 023 8011 1400 
Steve Boydell, Finance Director 
 
Liberum Capital Limited                                 Tel: 020 3100 2000 
Andrew Godber, Cameron Duncan, 
 Trystan Cullen, William Hall 
 
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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCKMGGFVVMGLZM

(END) Dow Jones Newswires

March 07, 2019 02:00 ET (07:00 GMT)

1 Year Ilika Chart

1 Year Ilika Chart

1 Month Ilika Chart

1 Month Ilika Chart
Your Recent History
LSE
IKA
Ilika
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190624 17:15:32