REG - Ilika plc - Goliath Scale-up Update

IlikaAnnouncement

07/09/2022 10:00

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RNS Number : 4904Y  Ilika plc  07 September 2022

Ilika plc

("Ilika" or the "Company")

 

Goliath Scale-up Update

Grant funding secured for the commencement of manufacturing equipment trials

 

Ilika (AIM: IKA), a pioneer in solid-state battery (SSB) technology, announces
it has started a nine-month series of manufacturing equipment trials to
further de-risk its industrialisation plan for its Goliath large format cells
for electric vehicles. The Automotive Transformation Fund, the Advanced
Propulsion Centre (APC)'s funding programme dedicated to supporting the
large-scale industrialisation of an electrified automotive supply chain in the
UK, is supporting the trials with UK-based equipment vendors using
representative volume manufacturing equipment, designed to validate Ilika's
scale up plan.

 

Ilika will receive a £175,000 grant towards its related costs over the
nine-month Project (codenamed STEP), which started on 1 August 2022.

 

The project follows two recent successful APC-funded industrialisation
projects, SOLSTICE and BUS100. The SOLSTICE project between Ilika and Comau,
part of Stellantis and a world leader in the industrial automation field,
concluded that there were no cost or technical barriers to scaling-up Ilika's
Goliath solid-state battery technology for electric vehicles and delivered a
plant design for a mega-scale manufacturing facility. The ongoing BUS100
project is a collaboration between Ilika and the UK Battery Industrialisation
Centre (UKBIC) to determine the economic feasibility of placing a 100MWh SSB
line at UKBIC to enable Ilika's Goliath electric vehicle batteries to be
manufactured at scale. Building on the experience obtained at mega-scale,
Ilika plans to continue to scale up production to Giga-scale in collaboration
with cell manufacturing partners through joint ventures or licensing.

 

Ian Constance, Advanced Propulsion Centre CEO said: "I am pleased that this
project has been successfully funded, sharing part of £15 million from our
Scale-Up Readiness Validation competition. With this support, the APC aims to
increase confidence in large-scale manufacturing investments to build
electrified supply chains in the UK. It is vital, in the transition to net
zero, that the automotive sector seizes the opportunity to grow the industry,
create or safeguard jobs and build on the expertise anchored here in the
UK."

 

Graeme Purdy, Ilika CEO, stated: "STEP is a crucial part of Ilika's
industrialisation journey and provides a great opportunity for Ilika to work
with UK-based equipment vendors in these trials - to both further Ilika's
ambitions to scale its technology and to develop the all-important SSB supply
chain."

 

 For more information contact:

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

 Liberum Capital Limited (Nomad and Joint Broker)
                                                               Tel: 020 3100 2000
 Andrew Godber, Cameron Duncan,

 William Hall, Nikhil Varghese

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

 Detlir Elezi, Mara Grasso

 Walbrook PR Ltd                                                                                               Tel: 020 7933 8780 / Ilika@walbrookpr.com (mailto:Ilika@walbrookpr.com)
 Tom Cooper                                                                                                    Mob: 0797 122 1972
 Lianne Applegarth                                                                                             Mob: 07584 391 303
 Nick Rome                                                                                                     Mob: 07748 325 236

 

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