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 2024.
Graeme Purdy, CEO of Ilika plc, shares in the interview below pivotal updates on the company’s remarkable half-year results for 2025. From the optimisation of Stereax production in collaboration with Cirtech to ground-breaking milestones in the Goliath programme, Purdy outlines how Ilika is cementing its position in solid-state battery innovation. Learn about their expanding customer base, industry-leading safety features, and strategic plans for scaling their next-generation prototypes. Ilika’s lean, focused approach exemplifies how a compact team can deliver transformative advancements in MedTech, EVs, industrial IoT, and beyond.Commercial Acceleration:
During the period, significant progress has been made with both Ilika’s thin-film StereaxÒ miniature solid- state batteries (SSBs) for powering medical devices and industrial wireless sensors in specialist environments, and its large-format Goliath cells for electric vehicles (EVs) and compact cordless appliances.
Graeme Purdy, CEO of Ilika, said:
“Ilika made significant progress with both our Stereax and Goliath product lines, during the period. On Stereax, we have been working closely with Cirtec, our manufacturing partner, to implement production equipment at their US facility. We are excited by the commercial opportunities in miniature medical devices, building on Cirtec’s established position as a leading strategic outsourcing partner of complex medical devices and, crucially, we expect Stereax product revenues to commence this year.
“We have also made rapid progress with Goliath, successfully delivering against our ambitious technology roadmap and achieving two key milestones in the past six months. Furthermore, we have increased the energy capacity 5x since releasing our first prototypes to customers in the summer of 2024. Our Goliath battery helps EV designers address consumer concerns through its clearly differentiated safety features, enabling cost reduction and increase in range. We look forward to building on the commercial relationships we have established by releasing further prototypes in 2025.”
