REG - Ilika plc - Capital Markets Day and Trading Update

IlikaAnnouncement

23/04/2024 07:00

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RNS Number : 5857L  Ilika plc  23 April 2024

Ilika plc

("Ilika" or the "Company")

 

Capital Markets Day and Trading Update

 

Retail investor Q&A being held at new time of 11am BST on Friday 26 April
2024

 

Ilika (AIM: IKA), a pioneer in solid-state battery technology, provides an
update on trading ahead of its Capital Markets Day, and announces that the
Company will be hosting a remote Q&A session for retail investors on the
new date and time of Friday 26 April 2024 at 11am BST.

 

Capital Markets Day

Hosted by Graeme Purdy, CEO, and Jason Stewart, CFO, the event will be an
opportunity to learn more about Ilika and its product portfolio, recent
progress, financials and outlook. The team will also provide commentary on
market trends and the broader opportunity, with participation from the
management team as well as clients, collaborators and external speakers
discussing the solid-state battery space. The presentation from the event will
be uploaded to the Ilika website here
(https://www.ilika.com/investors/cmd2024) at 14:00pm BST today.

 

Trading Update

Trading for the year ended 30 April 2024 ("FY 2024") has been in line with
current market expectations and the Company expects to generate revenue of
approximately £2.0m for FY 2024 (FY 2023: £0.8m). As announced on 24
November 2023
(https://www.londonstockexchange.com/news-article/IKA/trading-update-notice-of-results-presentations/16223298)
, this figure reflects a material increase in grant funding received during H1
of the current financial year and, as expected, this was not replicated in H2
due to the phasing of grant activity. Cash and cash equivalents at 30 April
2024 are expected to be higher than expected and approximately £11.0m (30
April 2023: £15.9m) due to the grant funding income and cost reduction
activity resulting from the Cirtec contract and technology transfer activity.

 

Investor Q&A - New Date and Time

The Company will post a video from its Capital Markets Day for institutional
investors to its website here: https://www.ilika.com/investors/cmd2024
(https://www.ilika.com/investors/cmd2024) soon after the event. Investors are
invited to watch the presentation in their own time, ahead of a Q&A
session which will be held at the new time of 11am to midday BST Friday 26
April on the Investor Meet Company ("IMC") platform.

 

Investors will be able to send questions in advance of the event via the IMC
platform and will also be able to email questions on the day itself. Investors
can sign up for the event on 26 April 2024 via the following link:
https://www.investormeetcompany.com/ilika-plc/register-investor
(https://urldefense.proofpoint.com/v2/url?u=https-3A__www.investormeetcompany.com_ilika-2Dplc_register-2Dinvestor&d=DwMFAg&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=1OI9eWQUVfVpxZXWzxX2tPcSAmxw5YMa3-DImHWnbkA&m=22nIVAzynQ78VnYQ8pNvYLoiaC3r3JGnA0Gjs0X1HfI&s=GFcaJdt_WBmGcV6u2cZxJzgNoqqkh-ky8V45ELknGH8&e=)
. Investors who have already registered on the IMC platform to meet the
Company will automatically be invited.

 

 

 For more information contact:

 Ilika plc                                               www.ilika.com (http://www.ilika.com/)
 Graeme Purdy, Chief Executive Officer                   Via Walbrook PR
 Jason Stewart, Chief Financial Officer

 Liberum Capital Limited (Nomad and Joint Broker)        Tel: 020 3100 2000
 Andrew Godber, John More
 Nikhil Varghese, Josh Borlant

 Joh. Berenberg, Gossler & Co. KG (Joint Broker)         Tel: 020 3207 8700
 Matthew Armitt, Mark Whitmore, Detlir Elezi,
 Natasha Ninkov

 Walbrook PR Ltd             Tel: 020 7933 8780 / Ilika@walbrookpr.com
 Nick Rome, Charlotte Edgar, Joe Walker

 

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

Ilika specialises in the developing and commercialisation of solid-state
batteries. The Company's mission is to rapidly develop leading-edge
IP, manufacture and license solid state batteries for markets that cannot be
addressed with conventional batteries due to their safety, charge rates,
energy density and life limits. The Company achieves this by using
ceramic-based lithium-ion technology that is inherently safe in manufacture
and usage, higher thermal tolerance and easier to recycle, which
differentiates our products from existing batteries.

 

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

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