Ilika wins contract with a new EU-based client

Materials innovation firm Ilika has landed a contract with a new and unnamed EU-based company to develop battery materials.The contract, which is expected to last six months, increases committed revenue of the current financial year to £825k ahead of £535k in the same period last year.Chief Executive Graeme Purdy said: "This programme is a further demonstration of the strength of Ilika's technology platform for the development of leading edge lithium ion battery materials. "It also continues the progress that we have made in attracting and retaining customers in Europe."As of 11:29 the share price had dropped 2.4% to 78p.WS Ilika Plc