Ilika plc
("Ilika" or the
"Company")
Key
Technology Validation Milestone
Ilika
ships first batch of prototype Goliath batteries to automotive
customer
Ilika (AIM: IKA), a pioneer in
solid-state battery technology, announces that it has shipped its
first batch of prototype Goliath batteries for customer testing by
a tier 1 automotive company.
In May 2024, Ilika announced it had
commenced in-house testing of its P1 Goliath prototype batteries in
a customer-sponsored programme. Ilika has now shipped its first
batch of P1 batteries to a customer for their external
validation.
In November 2023, Ilika announced it
had achieved its D4 development point, which is a design-freeze
milestone in its Goliath roadmap upon which Ilika's first prototype
for customer release, P1, is based. The P1 prototype is an
intermediate milestone on Ilika's roadmap to its minimum viable
product ("MVP") in 2025. The P1 prototype is a solid-state pouch
cell with an NMC cathode and a silicon anode.
In line with the timeframe outlined
when it published its last annual results in July 2023, Ilika
confirms that it has successfully manufactured and tested batches
of P1 pouch cells based on the D4 development point and is now
engaged in a series of commercial programmes with automotive OEMs
and Tier 1 companies.
Work is continuing on Ilika's
roadmap through to MVP in CY25. Ilika's Goliath MVP, or P2
prototypes, will underpin licensing opportunities. Further detail
regarding the product curve and development points can be found on
page 11 of the Company's 2023 Annual Report, which is available by
clicking here.
Graeme Purdy, Ilika CEO,
stated: "Following up on the encouraging
results from our P1 test programme, we are delighted to be
engaging with a portfolio of interested OEMs and Tier 1 companies
on commercially sponsored evaluation trials."
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For
more information contact:
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Ilika plc
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www.ilika.com
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Graeme Purdy, Chief
Executive
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Via
Walbrook PR
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Jason Stewart, Chief Financial
Officer
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Panmure Liberum Limited (Nomad and Joint
Broker)
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Tel: 020
3100 2000
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Andrew Godber, John More,
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Nikhil Varghese, Josh
Borlant
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Joh. Berenberg, Gossler & Co. KG (Joint
Broker)
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Tel: 020
3207 8700
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Mark Whitmore, Detlir
Elezi,
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Natasha Ninkov
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Walbrook PR Ltd
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Tel: 020
7933 8780 / Ilika@walbrookpr.com
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Nick Rome
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Mob: 07748
325 236
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About Ilika
plc - https://www.ilika.com.
Ilika specialises in the developing
and commercialisation of solid state batteries. The Company's
mission is to rapidly develop leading-edge IP, manufacture and
license solid state batteries for markets that cannot be addressed
with conventional batteries due to their safety, charge rates,
energy density and life limits. The Company achieves this by
using ceramic-based lithium-ion technology that is inherently safe
in manufacture and usage, higher thermal tolerance and easier to
recycle which differentiates our products from existing
batteries.
The Company has two product lines.
Its Stereax batteries which are designed for powering miniature
medical implants, industrial wireless sensors and specialist
internet of Things (IoT) applications and the Goliath large format
batteries designed for EV cars and cordless appliances.