Ilika plc Grant Award (0633Q)
February 25 2016 - 1:00AM
UK Regulatory
TIDMIKA
RNS Number : 0633Q
Ilika plc
25 February 2016
Ilika plc
("Ilika" or the "Company")
Grant Award - Smart materials for electronic data storage
Ilika (AIM: IKA), the accelerated materials innovation company,
announces that it is taking part in a two-year project between
Seagate and the University of Southampton ("UoS"), which has been
awarded a GBP374,000 grant by Innovate UK. GBP194,000 of the grant
will be used to fund project activities at Ilika.
Seagate are the market leaders in magnetic recording used in
Hard Disk Drive ("HDD") technology, most commonly used in laptops.
UoS has developed world class expertise in the area of
nanophotonics, the interaction of nanometer-scale objects with
light.
The objective of this "Nanomaterials for Smart Data Storage"
project is to provide a demonstration of "2D materials" for
Seagate's Heat-Assisted Magnetic Recording ("HAMR") HDD
applications. 2D materials, sometimes referred to as single layer
materials, are crystalline materials consisting of a single layer
of atoms. In this project, materials with superior nanophotonic
properties are being developed to achieve improved hard drive
performance and reliability. These materials must operate at
temperatures of up to 300 C for thousands of hours, requiring
extremely robust nanomaterials that have specific photonic
properties allowing light energy to be conducted.
HAMR is the next generation of HDD technology under development
at Seagate. When buying a laptop, consumers have to make the
decision between getting either a Solid State Drive ("SSD") or HDD
as the storage component. Even though the price of SSDs have been
falling, HDDs remain significantly cheaper per unit of memory.
Commenting on this latest development, Graeme Purdy, Ilika CEO,
said: "The UK has world class capability in the area of hard drive
technology, nanophotonics and material discovery and optimisation.
This project provides an opportunity to develop these materials for
improved product performance and competitiveness for the
manufacturing business of end user Seagate."
For more information contact:
Ilika plc www.ilika.com
Graeme Purdy, Chief Executive Tel: 023 8011 1400
Steve Boydell, Finance Director
Numis Securities Limited Tel: 020 7260 1000
Oliver Cardigan/ Paul Gillam
/
James Black
Walbrook PR Ltd Tel: 020 7933 8780 / ilika@walbrookpr.com
Paul McManus (Media Enquiries) Mob: 07980 541 893
Lianne Cawthorne (Media Enquiries) Mob: 07584 391 303
This information is provided by RNS
The company news service from the London Stock Exchange
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