Saturday, July 13

Ilika takes major step forward with Goliath programme

–News Direct–

Ilika PLC (AIM:IKA, OTCQX:ILIKF) CEO Graeme Purdy speaks to Thomas Warner from Proactive after the innovative battery developer announced the passing of a significant milestone in its Goliath programme.

Purdy gives an overview of what's been achieved, noting the transition from lab prototypes to product development. The Goliath programme has reached what the company calls the 'D4 development point', a critical stage where the product design is finalised and prototype products (referred to as P1) are prepared for customer release.

Purdy explains the process of transitioning from D4 (development prototypes) to P1 (prototype products), emphasising the production of large batches for consistency and reproducibility. These batches will undergo thorough testing before being shipped to customers with detailed specification sheets next year.

The focus on producing reproducible cells means that most of the company's technicians and engineers, along with a subset of scientists, are dedicated to this task, while others continue advancing the roadmap.

Reflecting on the year's progress, Purdy expressed satisfaction with the company's on-schedule achievements, particularly the upcoming lithium-ion parity point, indicating equal energy density to standard lithium-ion cells. This milestone is seen as a significant gauge of the technology's maturity. Ilika PLC is set to share more updates and progress in a trading update later in the week.

Contact Details

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/ilika-takes-major-step-forward-with-goliath-programme-690211540

Ilika PLC

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