Ilika, the developer of specialised small Lithium-ion solid-state batteries and of new materials, continues to live on grants and research funding. In the half-yearly report released on 9 January the company announced success in obtaining a new grant for £365 thousand over 3 years and two notices of intent for grants amounting to £1.4 million [...]

Ilika have released their final results for the year to 30 April 2016, reporting a decreased revenue of £0.6m (2014: £1.1m) – almost all from a single grant - and an increased loss of £3.5m (2014: £2.7m). The share price dropped nearly 15 per cent to 45p. Ilika specialise in the rapid development of new [...]