Business
Contract with new European Customer
Contract with new European Customer.
About this update from Ilika Plc
[{"type":"text","content":"\n \nRNS Number : 8387C Ilika plc 22 April 2013 \n \n\n \n \nIlika plc\n(\"Ilika\" or the \"Company\")\n \nContract with new European Customer\n \nIlika plc (AIM: IKA), the advanced cleantech materials discovery company, announces that it has signed a contract with a world-leading European manufacturer of speciality materials, for the optimisation of its proprietary lithium ion battery materials.\n \nThis contract is one of the three contracts referenced in Ilika's trading update released on the 16 April as being unexpectedly delayed. However, due to the timing of the award of this contract, the majority of the revenue associated with the work will be recognised during the Company's next financial year, commencing 1 May 2013.\n \nCommenting on the contract, Graeme Purdy, CEO of Ilika, said: \"We are delighted to have entered into this new commercial relationship, which strengthens our portfolio of customers in the rapidly-moving area of battery innovation. The contract will provide a springboard for growth in the coming financial year and provides increasing revenue visibility for the business. This represents the front end of a pipeline of opportunities being matured by our most recently appointed business development director, based in Frankfurt, Germany.\"\n \n \nFor more information contact:\n \n\n\n\n\nIlika plc \n\n\nwww.ilika.com\n\n\n\n\nGraeme Purdy, Chief Executive\n\n\nTel: 023 8011 1400\n\n\n\n\nSteve Boydell, Finance Director\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nNumis Securities Limited\n\n\nTel: 020 7260 1000\n\n\n\n\nOliver Cardigan, Nominated Adviser\n\n\n \n\n\n\n\nJames Black, Corporate Broking\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nWalbrook PR Ltd \n\n\nTel: 020 7933 8780\n\n\n\n\nPaul McManus\n\n\nMob: 07980 541 893 or [email protected]\n\n\n\n\nPaul Cornelius\n\n\nMob: 07827 879 460 or [email protected] \n\n\n\n\n \n \n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLLFVRSAIALIV\n ","length":5702,"tagName":"div"}]