Business
Renewal of Contracts
Renewal of Contracts.
About this update from Ilika Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 3373C Ilika plc 04 March 2011 \n \n\n \n \n4 March 2011\nIlika plc\n \n(\"Ilika\" or the \"Company\")\n Renewal of Contracts\nIlika plc (AIM: IKA), the advanced cleantech materials discovery company, is pleased to announce it has renewed and extended the scope of contracts with a major existing customer for the development of novel battery materials. Together with other secured orders, these contracts bring the level of committed revenues to more than £1.8 million for the current financial year ending 30 April 2011. Committed revenues for the financial year ending 30 April 2012 are now in excess of £0.5 million in aggregate. \nCommenting on the contracts, Graeme Purdy, CEO of Ilika, said: \"These renewals confirm customer appreciation of the value Ilika brings to product development programmes. We are delighted to extend our relationship with this particular customer into the next project phase. This collaboration reinforces Ilika's position as a globally-leading provider of materials expertise for the rapid development of next generation battery materials. In particular, Ilika's ability to rapidly synthesize candidate materials and test them using proprietary high-throughput electrochemical screening methods continues to be seen as a unique differentiator by our partners and customers.\" \n \n- Ends -\n For more information contact:\n \n\n\n\n\nIlika plc \nGraeme Purdy, Chief Executive\nSteve Boydell, Finance Director\n\n\n+44 (0) 23 80111400\n \n\n\n\n\nNomura Code Securities Limited \nPhil Walker / Christopher Golden\n\n\n+44 (0) 20 7776 1200\n\n\n\n\nPelham Bell Pottinger\nArchie Berens / Olly Scott / Francesca Tuckett\n\n\n+44 (0) 20 7861 3232\n \n\n\n\n\n \n \nAbout Ilika \nIlika is an advanced materials company which accelerates the discovery of new and patentable materials using its unique high throughput technologies (''HTT'') process for identified end uses in the energy, electronics and biomedical sectors. This process enables hundreds of scalable materials to be made in a single, automated operation and subsequently tested for key properties. \nTraditionally, materials development has been a slow and arduous task, with manual, sequential methods used to make samples of material that are then tested for suitability. On averag...