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An update from Ilika plc ( (GB:IKA) ) is now available.
Ilika plc has secured £1.25 million in grant funding from the UK Government’s DRIVE35 programme to manufacture its Goliath A-Sample batteries for automotive applications. This initiative, part of a £3 million collaboration, involves partnerships with HSSMI and the UK Battery Industrialisation Centre, aiming to industrialize Ilika’s solid-state battery technology. The project, codenamed PRIMED, builds on previous developments and seeks to advance the scale-up and commercialization of solid-state batteries in the UK, reinforcing the country’s position in battery innovation.
Spark’s Take on GB:IKA Stock
According to Spark, TipRanks’ AI Analyst, GB:IKA is a Neutral.
Ilika plc’s overall stock score reflects significant financial challenges and a concerning valuation, balanced by positive developments in corporate events and strategic product advancements. The company’s ability to secure funding and progress with its technology provides some optimism, but the financial and valuation concerns weigh heavily on the score.
To see Spark’s full report on GB:IKA stock, click here.
More about Ilika plc
Ilika plc is a global expert in the development of solid-state battery technology, focusing on electric vehicles, medical devices, and consumer appliances. The company offers two main product lines: Stereax batteries for miniature medical implants and IoT applications, and Goliath large-format batteries for electric vehicles and cordless appliances. Ilika operates through a licensing business model, providing its intellectual property to OEMs and manufacturing partners for license fees and future royalties.
Average Trading Volume: 200,075
Technical Sentiment Signal: Buy
Current Market Cap: £70.96M
Learn more about IKA stock on TipRanks’ Stock Analysis page.