Amidst the ever-evolving landscape of battery technology, Ilika plc has emerged as a beacon of innovation, particularly in light of recent developments revealed in their half-year report up to October 2023. Dr. Tom McColm of Baden Hill, a specialist in clean-tech equities, shed light on the company’s significant progress, which is centered around two breakthrough platforms: Stereax and Goliath.
Stereax, which represents Ilika’s foray into miniaturized solid-state batteries, has made a remarkable leap forward within the Medtech sector. The technology to power medical devices has gained traction, underscored by a decade-long licensing agreement with Cirtec, a prominent US distributor. This deal not only marks a financial milestone but also signifies industry confidence in the longevity and reliability of Stereax batteries.
Parallelly, Ilika’s Goliath program is pushing the boundaries of larger solid-state battery cells, rivalling those used in electric vehicles. Here, Ilika’s advancements have brought the energy density of their cells on par with traditional lithium-ion counterparts, illustrating a significant technical achievement that aligns with the growing demand for sustainable and efficient electric vehicle power sources.
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.