Ilika wins US patent on solid-state battery making process
Shares in Ilika are up almost 6% after it was granted patent in the US on its proprietary process for making solid-state batteries that was jointly filed with Toyota Motor Company.
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This patent followed the successful grant of applications from the same patent family in China, Europe and Britain in September 2015, July 2015 and May 2014 respectively.
The solid-state battery company said this particular joint filing resulted from collaborative work undertaken by Ilika and Toyota, which had commenced in 2008.
Chief executive Graeme Purdy said the patent's grant further demonstrated the strength of Ilika's growing internationally protected IP portfolio in solid-state batteries.
"The USA is one of the most globally significant markets for batteries. This patent forms part of the extensive package of know-how and expertise that Ilika intends to license to manufacturing partners," he said.
At about 13:32 GMT, shares in AIM-listed Ilika were up 5.88% to 45p each.