Ilika shares charged up by patent acquisitions

The price of shares in AIM-listed solid state battery manufacturer Ilika (LON:IKA) has increased by 6.98% to 23p (as of 13:35 BST) after it was granted 8 patents in 5 jurisdictions. These patents protect the methods used in the manufacture of the company’s thin-film cells and are held in China, Korea, the US, Japan, and Europe.

CEO Graham Purdy commented: “Protecting Ilika’s know-how relating to solid-state batteries is key to our ability to grow our business. We take this very seriously and employ a Vice President of Intellectual Property, who is seconded to the Company from an international firm of patent lawyers to manage this process for us. This strategy is validated by the continued stream of granted patents reinforcing our position“.