Ilika Plc (LON:IKA), a pioneer in solid-state battery technology, has provided an update on trading and notice of results for the six months ended 31 October 2023.
Operating Highlights:
Stereax
In the first half of the current financial year Ilika continued to develop the scale and potential reach of its Stereax business. The Period started with shipments of stacked M300 batteries from its UK manufacturing facility – being the first of a series of planned deliveries to customers.
The licencing and royalty agreement with US-headquartered Cirtec Medical (“Cirtec”), which was signed in August 2023, was a key milestone for the Group, enabling the transfer of Stereax production to Cirtec’s manufacturing facility in Lowell, MA.
