Ilika Plc Regulatory News (IKA)

Ilika plc

("Ilika" or the "Company")

Two New Customers in Europe

Ilika (AIM: IKA), the cleantech materials development company, announces the acquisition of a further two new customers in Germany as a result of its increased business development efforts in Europe.

Both customers are blue-chip OEM's, which also have multi-billion supply-chain businesses selling into global markets. Both of these customers have entered into collaborations with Ilika in order to extend their strong in-house R&D capabilities by accessing Ilika's proprietary high throughput techniques. One of the customers is accessing Ilika's world-recognised expertise in lithium-ion battery technology, while the other is using Ilika's proprietary material discovery techniques for the optimisation of high efficiency LED lighting.

Commenting on the two contracts, Graeme Purdy, CEO of Ilika, said: "Over the last few years business from Europe has accounted for only about 10% of our revenue, so it has been a strategic goal of the Company to increase our customer base here and achieve a greater geographic balance. It is pleasing to see positive results from our investment in deploying a business development director in Frankfurt."