Ilika (IKA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 30.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 50.50
  • 52 Week Low: 27.50
  • Currency: UK Pounds
  • Shares Issued: 158.98m
  • Volume: 0
  • Market Cap: £47.69m

Ilika opens new large-format battery facility in Hampshire

By Josh White

Date: Tuesday 24 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Solid-state battery technology developer Ilika has opened its new large format battery facility - the 'Goliath Pre-Pilot Line', (GPPL) - it announced on Tuesday, for the development and initial production of solid-state batteries in Hampshire.
The AIM-traded company said the objective of its Goliath programme was to develop large format solid-state batteries for electric vehicles.

It said it had established the new facility to support the programme, which was underpinning its portfolio of industrial collaboration programmes.

The industrial collaborations included the recently-announced Granite programme, led by Jaguar Land Rover, as well as the MoSESS and PowerDrive Line projects, which started earlier with collaboration partners including Honda and Ricardo.

Ilika said the new facilities were being partially-funded from the £5m granted to the firm through the Faraday Battery Challenge, which was part of the Industrial Strategy Challenge Fund delivered by UK Research & Innovation.

The new building had a footprint of around 750 square metres, including more than 600 square metres of battery development laboratories and production equipment.

Two dry rooms, installed to ISO 7 standard, were set to ensure high level particle filtration and near-zero humidity for handling moisture sensitive materials.

The labs included state-of-the-art equipment for the characterisation of source materials, the preparation of solid-state batteries and the testing of produced cells, the Ilika board explained.

It said the GPPL was a pre-pilot line, intended to accelerate the scale-up and transfer of the solid-state battery technology to pilot production level.

"Ilika has a reputation for being able to respond to commercial opportunities in a rapid, agile manner," said chief executive officer Graeme Purdy.

"This facility has been designed, built and commissioned from a standing start in the fourth quarter of last year.

"The GPPL will support Ilika to further develop and scale-up its solid state technology for electric vehicles and give the UK its first footprint for the development of a technology expected to significantly disrupt the automotive industry."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ilika Market Data

Currency UK Pounds
Share Price 30.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 50.50
52 Week Low 27.50
Volume 0
Shares Issued 158.98m
Market Cap £47.69m

Ilika Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.18% below the market average31.18% below the market average31.18% below the market average31.18% below the market average31.18% below the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Price Trend
71.66% below the market average71.66% below the market average71.66% below the market average71.66% below the market average71.66% below the market average
64.1% below the sector average64.1% below the sector average64.1% below the sector average64.1% below the sector average64.1% below the sector average
Income Not Available
Growth
63.71% below the market average63.71% below the market average63.71% below the market average63.71% below the market average63.71% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ilika Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Ilika Key Personnel

CEO Graeme Purdy
Chair Keith Jackson

Top of Page