Ilika plc (LON: IKA), an independent global expert in solid-state battery technology, has announced that it has appointed Cavendish Capital Markets Limited as Nominated Adviser and Sole Broker with immediate effect.
Ilika appoints Cavendish Capital Markets as Nominated Adviser and Sole Broker
- Written by: Amilia Stone
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Ilika plc has released its 2025 Annual Report, outlining progress on Stereax licensing with Cirtec and Goliath EV battery milestones, including customer-validated P1 cells and delivery of a 50Ah prototype.
CEO Graeme Purdy shares a pivotal update on the company’s Stereax micro batteries as they complete manufacturing qualification and move into production.
Ilika reported results for the year ended 30 April 2025. The group advanced transfer of Stereax miniature solid state battery manufacturing to Cirtec in the US and validated Goliath EV prototypes, including scale up work at UKBIC.
Ilika will receive £1.25 million from the APC Demonstrate fund to produce its first Goliath A-Sample solid-state batteries in a 12-month PRIMED programme with HSSMI and UKBIC, starting 1 August 2025.
Ilika plc announces the conclusion of its oversubscribed Retail Offer, raising £0.9 million and increasing gross proceeds to approximately £4.2 million.
Ilika Plc has successfully closed its accelerated bookbuild, raising approximately £3.3 million to enhance solid-state battery technology and commercial growth.
