Business
Replacement: Trading update
Replacement: Trading update.
About this update from Ilika Plc
[{"type":"text","content":"\n \nRNS Number : 8736Z Ilika plc 17 March 2017 \n\nA number of non material typographical changes have been made to the 'Trading update' announcement released on 17 March 2017 at 07.00 under RNS No 7455Z. \n \nThe changes are identified with an asterisk (*).\n \nThe full amended text is shown below.\n \n17 March 2017\nIlika plc\n(\"Ilika\" or the \"Company\")\n \nTrading update\n \nIlika (AIM: IKA), a pioneer in materials innovation and solid-state battery technology, announces the following update on trading.\n \nRevenue update\nSince its last trading update in November 2016, the Company has announced four significant commercial deals, which are resulting in a strong ramp-up of revenue relative to 2015/16 and which will continue to support revenue growth into 2017/18. We expect to start 2017/18 with a record level of revenue commitments amounting to around £1.8m.\n \nIlika's stated business aim is to add licensing revenue to the development revenue it currently generates. While levels of interest are encouraging, predicting the timing of when these licenses will generate revenue remains a significant forecasting challenge for the Company. Given our proximity to the end of Ilika's current financial year and the duration of negotiations with OEM potential licensees, it seems increasingly likely that revenue from licensing may first have an impact in 2017/18.\n \nStereax roadmap update\nIlika has continued to develop its Stereax intellectual property in accordance with its roadmap, which it updates in line with feedback from its pipeline of development partners. Earlier this month, Ilika confirmed that it had secured a partnership with a bioelectronics company*, focused on optimising the Stereax platform for use in miniature medical implants*. Bioelectronics is a rapidly developing market with large opportunities that match the unique benefits that Stereax offers. Stereax's high volumetric energy density, manufacturability at mm-scale and the ability to deliver pulses of power are ideal for such devices. *\n \nTowards the end of last year, Ilika announced the start of a funded collaborative project with Sharp Laboratories of Europe (\"Sharp\") to create a device consisting of an integrated StereaxTM solid-state battery and a photovoltaic panel, offering an autonomous energy harve...