Portfolio news 2008
Ilika Technologies Ltd - Toyota accelerates battery programme with Ilika
29 Feb 2008
Toyota Motor Corporation (TMC), a global leader in the
development and production of hybrid and electric automobiles, has
selected Ilika Technologies Ltd to accelerate the development of
high performance battery materials.
Innovative, fuel efficient automobiles are using increasingly
powerful batteries integrated into the vehicle energy management
system. Emissions are reduced through the use of batteries to power
the vehicle during parking manoeuvres and low speed, stop start
driving conditions in which the traditional internal combustion
engine is inefficient. Additional fuel economies are achieved
through the use of regenerative braking systems, which recharge the
vehicle's batteries with recovered energy which would otherwise be
"Toyota's vision in creating sustainable transport solutions
using leading edge technology and highly efficient manufacturing
prctices is an inspiration for Ilika", stated Graeme Purdy,
Ilika's CEO. "Our technical team is thriving on the
fast-paced interaction with Toyota."
"After careful consideration we have selected Ilika as a partner
to accelerate our battery development programme. We see Ilika as an
innovative, professionally managed enterprise, on which we can rely
to deliver rapid results", stated Mr Okajima, Manager of
Toyota's central R&D programme.
Ilika Technologies Ltd is a privately held company established
in 2004. Ilika quickly established a reputation for innovation and
rapid results in the high growth industry of materials development.
The company specializes in the development and application of
high]throughput, combinatorial R&D techniques for the
accelerated discovery of new materials.
Graeme Purdy, CEO
Ilika Technologies Ltd
+44 23 80111400