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Ilika

  • BY: Andrew Hore |
  • POSTED: 04/05/2011 |

Advanced cleantech and biomedical materials developer Ilika says joint development and contract research revenues grew substantially in the year to April 2011.

Revenues grew 48% to £1.9m in 2010-11 and committed revenues for the six months to October 2011 already exceed £700,000.
Ilika will report a loss slightly lower than the £3.26m made in 2009-10. There is still £3.26m in the bank.

Ilika expects to commercialise its material used to increase hydrogen storage capacity at some point during 2012.

Performance testing for Ilika’s low cost fuel cell will take place in the current financial year.
At 49.5p a share, Ilika is valued at £18.1m.

Full year figures should be published in the middle of July.

See more quoted cleantech company news on http://www.quotedcleantech.com

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