7th May 2014 11:54
LONDON (Alliance News) - Ilika PLC Wednesday said that two of its British patent applications, filed almost three years ago with Toyota Motor Co, have been formally granted, marking a key part of the overall patents that would cover the production methodology for producing solid-state cell batteries.
In a statement, the battery technology company said the patents cover the vapour deposition processes used in producing solid state batteries directly from the elements.
"They therefore represent a key part of the family of patents and pending applications that cover the complete methodology for producing stacked solid-state cell batteries, a world first and key technological breakthrough on the road to commercial solid-state devices," it said in a statement.
Ilika and Toyota began working together on the technology covered by the new patents in 2008. They made British patents a priority, but have since also filed for patents in jurisdictions including Japan, China, the US and Europe.
Ilika intends initially to produce micro-battery prototypes designed for powering wireless sensors, commonly referred to as the "Internet of Things". The company is hoping that this rapidly growing segment will create an addressable market for micro-batteries in excess of GBP1 billion by 2017.
"This news supports Ilika's ongoing customer engagements with (original equipment manufacturers) in the sensor, consumer electronics and automotive sectors across three continents. In addition, it is a useful input into current discussions with fabricators of manufacturing equipment who are interested in applying Ilika's intellectual property to their technology offerings," Ilika Chief Executive Graeme Purdy said.
Ilika shares were up 2.1% at 62.00 pence Wednesday.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Ilika Plc