Ilika Plc (LON:IKA) CEO Graeme Purdy talks to DirectorsTalk about key messages from CES 2016, Internet of things leadership, the importance of patents for Ilika, the business model and active areas of development.
Ilika Plc collaborates with multinational partners on joint research and development projects, using its proprietary high throughput processes to develop new patentable functional materials. These materials are then used to develop new products or improve existing product performance. By working in collaboration, business and technical risk is reduced and the company is able to target market areas where minimum potential for infringement exists and to fully define the surrounding area for protection for partners. Ilika is able to generate candidate materials for targeted scale-up for its partners in a much reduced development time, generating significant value for its customers by helping them increase R&D return on investment and reduce the time to market for new and improved products. The company’s high throughput process enables the rapid, simultaneous collection of large datasets which are then processed, analysed and presented so that meaningful conclusions about material properties can be drawn and support the submission of patents to protect any new materials discovered.
