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.
