Ilika Plc plays a supplemental role in the world of green industry. Founded in 2006, the company has specialized in producing materials used in green manufacturing cheaply and quickly. Its stated goals are to improve efficiency and speed up innovation by testing materials more quickly and enabling rapid commercialisation of environmentally friendly products and services.
As a relative newcomer to AIM, its stock has had mixed receptions, with a high in late 2010 of 60p almost immediately followed by a low of 45p or so in early 2011. The market isn’t quite sure of its role in the new renewable energy economy, and investors are wary of anything whose position isn’t quite sure in the climate following the global recession . This may not be a long-lasting wariness, as Ilika PLC has made a number of innovative strides forward through partnerships with various green energy and other cleantech companies around the world.
As recently as June 2011, Ilika Plc has announced a hydrogen storage collaboration project with Sigma Aldrich Materials Science. The advances made through the collaboration between Ilika’s process orientation and Sigma Aldrich’s research background may lead to greater public adoption of clean hydrogen energy. In 2010 the company won numerous grants for its research into a variety of topics such as thermoelectric screening technology, lithium-ion batteries, bio-functional polymers and more.
Ilika is currently sitting around its all-time low, but indicators suggest that it is a clear short-term growth stock. Its success largely depends on its innovation, and with the recent hydrogen storage project coming so closely on the heels of the successes of 2010, it would appear that Ilika has a whole lot more technological development to offer the world. Ilika Plc is definitely a company for investors to watch in the news. It has, in its short time on the markets, proven to be quite volatile.