Ilika posts turnover of £0.7 million in fiscal 2023

Romsey-based Ilika reported turnover of £0.7 million in its year to end-April, 2023 compared to £0.5 million in the year earlier period as the company continues to commercialise its Stereax miniature solid-state batteries for medical devices and specialist internet of Things (IoT) applications.

Among the operational highlights of the year just gone were a memorandum of understanding (MoU) with US-based Cirtec Medical, whereby Ilika will license Stereax technology to Cirtec for manufacturing and commercialisation.

It was also awarded £2.8 million of funding from the Faraday Battery Challenge to lead an £8.2 million programme to develop high-silicon anode Goliath batteries for electric vehicles (EVs) and cordless appliances, supported by motor giant BMW and engineering firm WAE.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Ilika plc

More articles like this

Ilika plc

The future of MedTech and patient health management

MedTech is evolving rapidly, transforming the healthcare sector by integrating the interconnectivity of the Internet of Things for more proactive patient health management. This advancement has led to an increased demand for remote patient monitoring, requiring

Ilika plc

Ilika presenting at The Battery Show North America

Now entering its 14th year, North America’s largest advanced battery event will take over Huntington Place in Downtown Detroit this October. The Battery Show brings together engineers, business leaders, top-industry companies, and innovative thinkers to discover

Ilika plc

Effective power management for rechargeable batteries

As rechargeable batteries become increasingly integrated into our daily lives, ensuring they charge, store, and discharge energy efficiently and safely throughout their operational lifetime is crucial. Typically, this is achieved through a stand-alone Power Management Integrated

Ilika plc

Ilika’s journey from 2015-2019

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.

Ilika plc

Ilika celebrates 20 years of innovation and growth

Ilika Technologies has reached its 20th anniversary. Originally focused on high-throughput materials discovery, the company was founded by CEO Graeme Purdy to commercialise technology from the University of Southampton’s Department of Chemistry. The early years, led