“Ilika PLC possesses several valuable patents” Beaufort Securities

Beaufort Securities view of Ilika PLC: Ilika possesses several valuable patents that underpin the company’s product development work. The Carbon Trust invested in Ilika through its Polymer Fuel Cells Challenge programme to support the commercialization of Ilika’s high performing electro-catalysts for use in fuel cell vehicles. In December 2013, Ilika announced it had submitted positive cell performance data along with material samples for evaluation to three global OEM’s. Though the adoption rate of fuel cell technology has been historically difficult to predict, the limited number of cars available from the first production Toyota Mirai models have already been sold out in Britain. The launch of this vehicle signals an increased focus by OEM’s on cost-reduction of fuel cell technology with a view to enabling the mass market. Thus eyeing the great potential Ilika’s fuel cells may offer, we maintain our Speculative Buy on the stock.

Yesterday, Ilika PLC informed that the European Patent Office (EPO) upheld its opposition to a fuel cell catalyst patent from Brookhaven Science Associates (BSA). Ilika had earlier objected to certain claims of a granted European patent from Brookhaven Science Associates as they might have hampered Ilika’s own freedom to operate its own European patent. Henceforth, Ilika filed an Opposition against the BSA patent in February 2013, and oral proceedings took place before the Opposition Division on 17th March 2015 at the EPO in Netherlands. Consequently, the BSA European patent was revoked. The EPO issued a notice on 8th August 2015 that the opposition proceedings were now terminated with revocation of the patent.

 

Important Risk Warnings and Disclaimers

This report is published by Beaufort Securities Ltd (“Beaufort Securities”). Beaufort Securities Ltd is Authorised and Regulated by the Financial Conduct Authority and is a Member of the London Stock Exchange.

RELIANCE ON THIS NOTE FOR THE PURPOSE OF ENGAGING IN ANY INVESTMENT ACTIVITY MAY EXPOSE YOU TO A SIGNIFICANT RISK OF LOSING ALL OF THE FUNDS, PROPERTY OR OTHER ASSETS INVESTED OR OF INCURRING ADDITIONAL LIABILITY.

This document is not an offer to buy or sell any security or currency. This document does not provide you with individually tailored investment advice. It has been prepared without regard to the your financial circumstances and objectives The appropriateness of a particular investment or currency will depend on your individual circumstances and objectives. The investments and shares referred to in this document may not be suitable for you.

This research is non-independent and is classified as a Marketing Communication under FCA rules. As such it has not been prepared in accordance with legal requirements designed to promote independence of investment research and it is not subject to the prohibition on dealing ahead of the dissemination of investment research in COBS 12.2.5. However Beaufort Securities has adopted internal procedures which prohibit analysts from dealing ahead of non-independent research, except for legitimate market making and fulfilling clients’ unsolicited orders.

By receiving this document, you will not be deemed a client or provided with the protections afforded to clients of Beaufort Securities. When distributing this document, Beaufort Securities is not acting for you and will not be responsible for providing advice to you in relation to this document. Accordingly, Beaufort Securities will not be responsible to you for providing the protections afforded to its clients.

Beaufort Securities may effect transactions in shares mentioned herein and may take proprietary trading positions in those shares, and may receive remuneration for the publication of its research and for other services. Beaufort Securities may be a shareholder in any of the companies mentioned in this report. Accordingly, this document may not be considered as objective or impartial. Additionally, information may be available to Beaufort Securities or the Group, which is not reflected in this material. The remuneration of the author of this report is not tied to the recommendations on any shares mentioned nor to the any transactions undertaken by Beaufort Securities or any affiliate company. Further information on Beaufort Securities’ policy regarding potential conflicts of interest in the context of investment research and Beaufort Securities’ policy on disclosure and conflicts in general are available on request. Please refer to http://www.beaufortsecurities.com/important-info.

Past performance is not a guarantee of future performance. Investments may go down in value as well as up and you may not get back the full amount invested. The listing requirements for securities listed on AIM or the ICAP Securities & Derivatives Exchange are less demanding and trading in them may be less liquid than main markets. This may make it more difficult to buy and sell these securities.

This document includes certain statements, estimates, and projections with respect to the anticipated future performance of securities listed on stock exchanges and as to the market for these shares. Such statements, estimates, and projections are based on information that we consider reliable and may reflect various assumptions made concerning anticipated economic developments, which have not been independently verified and may or may not prove correct. No representation or warranty is made as to the accuracy of such statements, estimates, and projections or as to its fitness for the purpose intended and it should not be relied upon as such. Opinions expressed are our current opinions as of the date appearing on this material only and may change without notice. Other third parties may have issued other reports that are inconsistent with, and reach different conclusions from, the information presented in this report. Those reports reflect the different assumptions, views, and analytical methods of the analysts who prepared them. This report has not been disclosed to any of the companies mentioned herein prior to its publication.

This document is based on information Beaufort Securities has received from publicly available reports and industry sources. Beaufort Securities may not have verified all of this information with third parties. Neither Beaufort Securities nor its advisors, directors or employees can guarantee the accuracy, reasonableness or completeness of the information received from any sources consulted for this publication, and neither Beaufort Securities nor its advisors, directors or employees accepts any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document (except in respect of wilful default and to the extent that any such liability cannot be excluded by the applicable law). You should not rely on this document and should not use it substitution for the exercise of the independent judgment of yourself or your adviser.

The information contained in this document is confidential and is solely for use of those persons to whom it is addressed and may not be reproduced, further distributed to any other person or published, in whole or in part, for any purpose. Other persons who receive this document should not rely on it. Beaufort Securities, its directors, officers and employees may have positions in the securities mentioned herein.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Ilika plc

More articles like this

Ilika plc

Ilika at MOVE 2024: Battery Tech & Supply Chain

MOVE is the world’s number 1 tech mobility event, bringing together the people and companies redefining mobility. MOVE connects the entire ecosystem focused on tech, business models and sustainable futures. Leaders and visionaries from across the mobility

Ilika plc

Fast-charging of micro-batteries using directive ultrasound

A collaborative technical note by Ilika and Piezo Energy Technologies Solid state batteries are rechargeable lithium-ion batteries (LIB) where the liquid electrolyte has beenreplaced by a solid ceramic material. Because SSB do not include a liquid,

Ilika plc

Ilika at Battery Thermal Management Innovation Summit

Event Name: Battery Thermal Management Innovation Summit Ilika at the show: Denis Pasero will be on a panel discussing Revolutionising Electric Vehicles: Unleashing the Potential of Solid State Batteries on Wednesday 24 April at 17:00 Date:

Ilika plc

Ilika updates on HISTORY program

“Consortium of UK companies, universities and one government catapult join forces to develop a very British solid state battery for electric vehicles”. This was the kind of headlines you could read 12 months ago, at the

Ilika plc

Ilika Stereax & Goliath on the pathway towards commercialisation

Ilika plc (LON:IKA), a pioneer in solid-state battery technology, has announced its unaudited half-year report for the six months ended 31 October 2023. Operating Highlights: During the period, significant progress has been made with both Ilika’s thin-film

Ilika plc

Ilika at the NANS Annual Meeting

Ilika at the show: Ilika will be on the Cirtec Medical booth #505 Date: 18th Jan 2024 – 21st Jan 2024 Location: Las Vegas, USA NANS was formed in 1994 through the efforts of a group of neuromodulators 

Ilika plc

Ilika, an APC Success Story

Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.