REG - Ilika plc - Goliath Battery Achieves Scale-up Milestone

IlikaAnnouncement

15/04/2025 07:02

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RNS Number : 9742E  Ilika plc  15 April 2025

15 April 2025

Ilika plc

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

 

Goliath Battery Achieves Scale-up Milestone

 

Confirmation of process quality at conclusion of collaboration with UKBIC

 

Ilika (AIM: IKA), the UK pioneer in solid-state battery technology, confirms
superior performance of its Goliath batteries manufactured via an industrially
scaled process at The UK Battery Industrialisation Centre. This further
underpins confidence that the battery is on track on its route to market,
reducing costs, increasing range and reducing charging time of electric
vehicles.

 

This follows Ilika's 5 Feb 2025 announcement reporting large-scale preparation
of the Goliath electrolyte and successful coating of its proprietary composite
electrolyte-electrode. Ilika has used these materials to build a batch of
solid state 10Ah prototype cells. After analysis of the performance of these
cells, Ilika can verify that the scaled manufacturing process at UKBIC
resulted in a higher manufacturing yield and has delivered cells superior in
performance to those made with similar starting materials on Ilika's pilot
line. This confirms that the tolerances of industrial equipment will unlock
further improvements to Goliath SSB technology. The increase in manufacturing
yield resulted from enhanced handling robustness after coating and fewer
defects from the drying process. The superior performance was measured as
higher battery capacity under rapid charging protocols.

 

Ilika's CEO, Graeme Purdy, said: "This data set confirms the suitability of
Ilika's Goliath process for giga-factory deployment. Following the
announcement in the 2024 Autumn Statement from the UK Government of further
support for the electrification of the automotive sector,  we look forward to
further opportunities to benefit from accessing the expertise of UKBIC."

 

Managing Director of UKBIC, Sean Gilgunn, said: "Our work with Ilika has been
a rewarding demonstration of the benefit to battery companies of being able to
scale-up their processes at UKBIC. We are delighted to be supporting Ilika's
process development for the deployment of solid state technology for the
benefit of the UK economy and the global automotive industry."

 

Ilika announced in October 2023 receipt of grant support from the Automotive
Transformation Fund ('ATF') through an 18-month, £2.7 million collaboration
programme, codenamed Project SiSTEM, to scale up Ilika's Goliath solid-state
battery production capability. Via the programme, Ilika partnered with Mpac
Group plc ('Mpac') (AIM: MPAC) global supplier of packaging and assembly
automation, UKBIC and Agratas, Tata Group's global battery business.

 

Through this collaboration, UKBIC and Ilika have carried out physical trials
to demonstrate preparation and roll-to-roll coating of its proprietary solid
state materials. The planned trials are now complete and the cell test data
announced today provide evidence that Ilika's approach to large format
solid-state battery manufacture can be carried out with the types of mixing
and coating equipment widely used in existing gigafactories. In addition, the
trials show that the quality of product made on large scale equipment actually
improves with scale.

 

Project SiSTEM has now successfully completed, with the associated delivery of
the 1.5MWh solid-state battery assembly line from Mpac planned for H2 CY 2025.
The assembly line will be capable of producing Ilika's Goliath prototype
large-format pouch cells to automotive original equipment manufacturers and
Tier 1 suppliers, in line with our planned delivery timeline.

 

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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