REG - Ilika plc - Award of Government Grant Funding

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RNS Number : 0179R  Ilika plc  15 July 2025

15 July 2025

Ilika plc

('Ilika,' the 'Company,' or the 'Group')

 

Ilika Secures New Round of Government Grant Funding to Manufacture Goliath
A-Samples

 

UK Government's DRIVE35 programme paves the way for Ilika to produce Goliath
A-Samples on industrial equipment

 

Ilika (AIM: IKA), the UK pioneer in solid-state battery ("SSB") technology,
announces it is receiving further grant support to manufacture the first
Goliath A-Sample batteries for automotive applications. This support is being
provided from the newly launched Demonstrate fund, facilitated by the Advanced
Propulsion Centre UK (APC), in a 12-month, £3 million collaboration
programme, of which Ilika will receive £1.25 million in grant funding. The
programme which will commence on 1 August 2025 will see Ilika partner with
HSSMI, a UK based manufacturing consultancy and utilise the electrode
production lines at the UK Battery Industrialisation Centre ("UKBIC").

 

This project, codenamed PRIMED builds upon the developments in the Faraday
Battery Challenge, now renamed Battery Innovation Programme,  project
HISTORY, where Ilika developed a prototype 50Ah SSB, and the APC's Automotive
Transformation Fund (ATF)  programme SiSTEM, which designed and built an SSB
assembly line and undertook production trials of Ilika's electrodes on the
giga-scale line at UKBIC. In PRIMED, Ilika will build and test its P2 SSB
cells and take them through an industrialisation process to deliver a 50Ah
A-Sample. HSSMI will produce a Production Scale Model and Business Case Review
to support industrialisation to a gigafactory level.

 

Graeme Purdy, CEO of Ilika, said: "This project is the natural progression
from our successful HISTORY and SiSTEM projects and will enable us to deliver
robust 50Ah batteries to the automotive industry, having undertaken full
testing to substantiate the USPs of Goliath. Working with HSSMI will allow us
to digitally twin giga-scale production, which will be of paramount interest
to our potential licensees. The next 12 months promise to be fast-paced and
transformational for Goliath and Ilika."

 

Axel Bindel, Executive Director of HSSMI, said "We are proud to partner with
Ilika on the PRIMED project, which represents a critical step toward the scale
up and commercialisation of solid-state battery technology in the UK. At
HSSMI, our role in producing a Production Scale Model and Business Case Review
will support the strategic industrialisation of Ilika's Goliath technology. By
leveraging digital manufacturing expertise and working alongside leading
industry stakeholders, we aim to accelerate the path to giga-scale readiness
and reinforce the UK's position at the forefront of battery innovation."

 

Richard LeCain, Chief Technology Officer of UKBIC, said: "Following on from
the successful trials of electrode production at UKBIC we are delighted that
Ilika has chosen to manufacture its first batch of Goliath A-Samples at our
facility. This is a major milestone for Ilika and  the UK, and UKBIC is proud
to be a part of this important step towards giga-scale manufacture of
solid-state batteries in the UK and deployment worldwide."

 

Ian Constance, CEO of the APC, said "This funding award aligns perfectly with
our commitment to transform the automotive sector through innovative
zero-emission and CAM vehicle technologies. By continuing to prioritise
collaboration between industry, government, and academia, we can support
research and development, vehicle innovation, and unlock capital investment in
manufacturing plants and their wider supply chains."

 

ENDS

 

--

Enquiries:

 

 Ilika Plc                                             www.ilika.com (http://www.ilika.com/)
 Graeme Purdy, Chief Executive

                                                     Via FTI Consulting
 Jason Stewart, Chief Financial Officer

 Cavendish Capital Markets Limited (Nomad and Broker)  +44 (0)131 220 9772
 Peter Lynch

                                                     +44 (0)131 220 9771
 Neil McDonald

 FTI Consulting (Comms Advisors)                       ilika@fticonsulting.com

 Ben Brewerton

 Elizabeth Adams

 Dwight Burden

 

 

About Ilika plc - https://www.ilika.com (https://www.ilika.com/)

 

Ilika is a global expert in the development of solid state battery technology
for electric vehicles, medical devices and consumer appliances. The Company's
pioneering next-generation technologies aim to provide scalable, affordable
alternatives to conventional batteries, to industries which need to
incorporate a smaller, lighter, and safer power source in their products.

 

The Company has two product lines. Its Stereax batteries are designed for
powering miniature medical implants, industrial wireless sensors and Internet
of Things (IoT) applications and the Goliath large format batteries designed
for EV cars and cordless appliances.

 

Through its licensing business model, Ilika supplies its IP portfolio to both
OEMs and manufacturing partners in exchange for a license fee and future
royalties.

 

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