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 2023.
Operating Highlights:
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 (EV) and cordless appliances.
Stereax
· Completed first customer shipments of stacked M300 batteries from UK pilot manufacturing facility.
· Entered into technology transfer and ten-year licensing agreement with US-headquartered Cirtec.
· Dispatched key equipment required to manufacture Stereax cells at Cirtec to its US facility; cathode manufacturing will initially remain at Ilika in the UK as a sub-contract service to Cirtec.
· Continued collaboration with Cirtec to support the development plans and launch schedules of the portfolio of 20 Stereax customers.
