22nd Sep 2015 10:33
LONDON (Alliance News) - Solid-state battery technology company Ilika PLC on Tuesday said it has been awarded a GBP466,000 grant to conduct research into self-healing alloys for additive manufacturing.
The award was made as part of a wider GBP2.2 million, three-year research collaboration among the University of Sheffield, Reliance Precision Engineering, and FTSE 100 firms GKN PLC and BAE Systems PLC.
The funding for the project was secured following Ilika's success in a competition run by Innovate UK, the UK government innovation funding body, on behalf of the Aerospace Technology Institute.
The project will aim to develop self-healing alloys for additive manufacturing processes and will seek to develop a metallic manufacturing process which will take advantage of additive and subtractive manufacturing processes.
"Additive manufacturing methods hold great promise for the rapid, cost-effective provision of complex components. One of the barriers to the wider adoption of the technology is the availability of alloys suitable for this manufacturing method," said Ilika Chief Executive Graeme Purdy.
"Ilika's proprietary high-throughput techniques allow us to address this challenge in a unique and cost effective manner. The funding, supported by the ATI and Innovate UK, has enabled us to create a unique consortium and we look forward to a close and fruitful collaboration with our project partners," Purdy added.
Shares in Ilika were up 1.7% to 69.67 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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