Ilika PLC (AIM:IKA, OTCQX:ILIKF, FRA:I8A) CEO Graeme Purdy talked with Proactive's Stephen Gunnion about the company’s latest operational milestones, early revenues, and progress across both its Stereax and Goliath solid-state battery programmes following the release of Ilika’s half-year results.
Purdy explained that Ilika has resumed deliveries of Stereax batteries after successfully completing the technology transfer to manufacturing partner Cirtec Medical in the US. Customers are now receiving physical product again, allowing them to restart engineering work and integrate Stereax batteries into their own technology platforms. Importantly, Ilika has also announced its first follow-on commercial order for electrodes, a manufacturing step retained in the UK, marking the start of revenue generation from Stereax.
Turning to Goliath, Purdy outlined how customer validation has now been completed on both the 2Ah and larger 10Ah solid-state cells. Feedback from early testing helped identify the strengths of the technology and confirmed Ilika’s competitive position. He noted that a Tier One customer described Ilika as being “in the leading cohort of solid state battery developers”, which he said was reassuring as the company scales up.
The 10Ah Goliath cells are now with customers and represent a credible size for module and pack integration. Purdy highlighted the potential value proposition for electric vehicle manufacturers, including lower pack costs, weight reductions of around 20%, improved range, and faster charging times.
Looking ahead, Purdy said Ilika is focused on further validation, agreeing minimum viable products with customers, and identifying early commercial opportunities, potentially at the 10Ah scale, in order to freeze product design and begin generating revenues.
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