REG - Ilika plc - Goliath Development Progress

IlikaAnnouncement

06/03/2025 07:00

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RNS Number : 5421Z  Ilika plc  06 March 2025

6 March 2025

Ilika plc

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

 

Goliath Development Progress

 

Significant development milestone achieved at conclusion of collaboration
programme

 

Ilika (AIM: IKA), the UK pioneer in solid-state battery technology, announces
it has successfully prototyped a 50Ah Goliath electric vehicle (EV) battery,
which is a key targeted outcome of the Faraday Battery Challenge HISTORY
programme. The 50Ah prototype is the capacity of battery Ilika will now
optimise for its minimum viable product for EVs. The battery is expected to
reduce costs, increase the range of EVs and reduce their charging time.

 

This successful prototype build follows the recently announced demonstration
of manufacturing in a giga-scale factory setting, using industry standard
equipment at the UK Battery Industrialisation Centre, marking the latest step
towards commercialisation. It builds on the progress made in 2024 which
included the start of commercial testing, shipping of the first batch of
prototype Goliath batteries to customers, and the release of validated safety
data.

 

Ilika will now undertake further optimisation based on the initial test
results, before commencing a build and test programme in H2 CY 2025. The
Company is targeting an initial release of batteries of this capacity for
partner evaluation from the end of CY 2025.

 

Graeme Purdy, CEO of Ilika, said: "This milestone marks the successful
conclusion of a grant-funded collaboration, which has enabled Ilika to
prototype large EV batteries in readiness for closer engagement with
automotive partners. We look forward to securing further support for Goliath
commercialisation through the UK government's recent announcement of £2
billion of funding for the electrification of the transport sector."

 

Paul Shearing, Professor of Sustainable Energy Engineering at the Department
of Engineering Science and Director of the ZERO Institute at Oxford
University, said: "Through the HISTORY programme, Ilika has exemplified what
the Faraday Battery Challenge funding was designed to achieve. Through strong
collaborations which span industry and academia, this impressive demonstration
is a significant milestone in the successful delivery of the programme, which
we have been delighted to participate in."

 

Ilika announced in January 2023 receipt of grant support from the Faraday
Battery Challenge in a 24-month, £8.2 million 8 partner collaboration
programme to integrate high silicon content electrodes into its Goliath
solid-state batteries ('SSB') to enable automotive level performance.
BMW Group and Fortescue Zero (formerly Williams Advanced Engineering) joined
the programme's steering committee.

 

 

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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