Successful Commissioning with Cirtec
Ilika completed the commissioning of equipment at Cirtec Medical's site, marking an important step towards Stereax battery production and future revenue streams.
Progress in Goliath Battery Development
The company achieved a 10 amp-hour capacity in its Goliath batteries, representing a fivefold increase from previous prototypes, indicating significant progress in development.
Strong Patent Portfolio
Ilika has secured 62 patents in important jurisdictions worldwide, providing robust protection for their solid-state battery technology.
Strategic Partnerships and Market Interest
Engagement with 21 OEMs and Tier 1 companies for automotive and consumer electronics applications shows strong market interest in Ilika's technology.
Balanced Financial Management
Despite a slight decrease in turnover to £1 million, Ilika maintained its EBITDA loss at £1.9 million, demonstrating effective cost management.