Ilika plc (LSE:IKA) has released its full-year results for the period ending April 30, 2025, showcasing meaningful progress in advancing and commercializing its solid-state battery technologies. The company has transitioned manufacturing of its Stereax battery range to Cirtec Medical LLC and achieved significant strides with its Goliath battery project, including launching P1 prototypes and securing crucial funding to drive further development.
Supported by a recent £4.2 million capital raise and government grant awards, Ilika anticipates growth in product-related revenues and increased commercial partnerships over the coming months. These advancements strategically position the company to tap into expanding markets within medical devices and electric vehicles.
Despite ongoing financial pressures and valuation challenges weighing on its overall rating, Ilika’s successful fundraising and technological progress provide a cautiously optimistic outlook.
About Ilika plc
Ilika plc focuses on pioneering solid-state battery technology, aiming to deliver safer, higher-performance energy storage solutions for applications where traditional batteries fall short—due to limitations in safety, charge speed, energy density, or longevity. Utilizing ceramic-based lithium-ion tech, Ilika offers two main product lines: Stereax, designed for miniature medical implants and industrial wireless sensors, and Goliath, a large-format battery intended for electric vehicles and cordless appliances.
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