Ilika (IKA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

27.80p
   
  • Change Today:
      0.80p
  • 52 Week High: 48.94
  • 52 Week Low: 24.50
  • Currency: UK Pounds
  • Shares Issued: 167.30m
  • Volume: 257,096
  • Market Cap: £46.51m

Ilika makes positive progress with Stereax manufacturing plans

By Josh White

Date: Tuesday 24 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Solid-state battery technology company Ilika updated the market on progress in implementing its 'Stereax' manufacturing plans on Tuesday, reporting that its main contractor has completed construction of the 340 square metre cleanroom at the 1,600 square metre manufacturing facility, and had now handed over site control to its operational team.
The AIM-traded firm said the key deposition tools, previously referred to as 'tool 1' and 'tool 2', as well as the principal etching equipment, had completed factory acceptance tests and been delivered to site for facilitation before the start of site acceptance testing, and the commencement of process qualification.

Process qualification would continue through the fourth quarter, with product qualification expected to take place in the first quarter of 2022, supporting the start of product sales from the second quarter.

Recruitment of the Stereax manufacturing team leaders had also been completed, under the leadership of Paul Marron, Ilika's technology transfer and manufacturing director.

Ilika said it was continuing to engage with its portfolio of customers from the industrial internet-of-things (IoT) and medical device sectors, including through the provision of Stereax samples from its pilot line.

"Progress on site has been very gratifying to see over the summer and, despite significant global disruption to supply chains, the Ilika team, our vendors and suppliers have worked very hard to deliver our planned project implementation schedule," said chief executive officer Graeme Purdy.

At 1130 BST, shares in Ilika were up 0.94% at 134.25p.

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Ilika Market Data

Currency UK Pounds
Share Price 27.80p
Change Today 0.80p
% Change 2.96 %
52 Week High 48.94
52 Week Low 24.50
Volume 257,096
Shares Issued 167.30m
Market Cap £46.51m

Ilika Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.23% below the market average36.23% below the market average36.23% below the market average36.23% below the market average36.23% below the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
66.55% below the market average66.55% below the market average66.55% below the market average66.55% below the market average66.55% below the market average
67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average
Income Not Available
Growth
60.09% above the market average60.09% above the market average60.09% above the market average60.09% above the market average60.09% above the market average
69.70% above the sector average69.70% above the sector average69.70% above the sector average69.70% above the sector average69.70% above 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 18-Jul-2024

Time Volume / Share Price
16:34 100,000 @ 27.00p
16:27 75,000 @ 26.50p
16:35 1,427 @ 27.80p
16:35 1,427 @ 27.80p
16:18 2,300 @ 27.00p

Ilika Key Personnel

CEO Graeme Purdy
Chair Keith Jackson

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