# Ilika Plc Expanding Commercial Opportunities Following Defence Sector Feedback, Cavendish - Link: https://www.directorstalkinterviews.com/ilika-plc-expanding-commercial-opportunities-following-defence-sector-feedback-cavendish/4121245799 - Published: 2026-03-23T08:13:38+00:00 - Author: Anthony Fox The latest research note from Cavendish highlights a promising development for ** [Ilika Plc](https://www.directorstalkinterviews.com/company/ilika-plc/ika.l)** ( [LON:IKA](https://www.directorstalkinterviews.com/company/ilika-plc/ika.l)), as the company continues to advance its solid-state battery technology into new and potentially lucrative markets. With encouraging feedback from a UK defence agency, Ilika’s Goliath battery platform is gaining recognition for its safety credentials in demanding environments. ## Positive Validation from Defence Testing Ilika plc recently reported that its Goliath solid-state batteries underwent rigorous safety testing under battlefield conditions. The results appear to have impressed a UK defence agency, which identified clear potential for the technology in mission- critical applications. Research Analyst Ian McInally noted the significance of this development, particularly as defence applications increasingly shift towards electrification. The ability of battery systems to operate safely in extreme conditions is becoming a central requirement. Importantly, the agency commented directly on the opportunity ahead, stating: “we would be very interested in evaluating Ilika’s technology further in applications optimised for deployment in defence environments”. This endorsement suggests that Ilika could be entering a new phase of commercial engagement within the defence sector. ## Goliath Technology Demonstrates Safety Advantages The testing provided valuable insights into how Ilika’s Goliath batteries perform under extreme stress. According to the research note, the batteries were subjected to firing range tests, offering a real-world simulation of battlefield risks. Key observations included: * The Goliath 10Ah cell was able to survive a single shot before any thermal event occurred * Lower states of charge significantly reduced the risk of thermal events * A delayed reaction time was observed before thermal runaway began * Thermal runaway temperatures were lower than conventional Nickel Cobalt Aluminium lithium-ion batteries * Despite offering three times the energy storage, the Goliath cells exhibited a similar thermal response to conventional cells under equivalent conditions These findings highlight the balance Ilika is aiming to achieve, delivering higher energy density while maintaining or improving safety characteristics. ## Expanding Commercial Opportunities Cavendish points out that the defence sector could represent a meaningful additional market for Ilika’s Goliath technology. As wearable and portable power solutions become more common in military settings, demand for safer, high-performance batteries is expected to grow. The delivery of prototype cells to customers, including an agency advising the UK Ministry of Defence, marks an important step in this commercial journey. The positive feedback received suggests that Ilika is building credibility in a highly specialised and demanding field. ## Financial Snapshot and Outlook While Ilika remains in a development phase, Cavendish maintains a constructive long- term view. The company is forecast to generate gradual revenue growth, with expectations of £1.5m in 2026 rising to £2.0m in 2027. The broker reiterates its **Buy** recommendation, with a target price of 130p, implying significant upside from current levels. This reflects confidence in the commercial potential of Ilika’s technology as it moves closer to broader adoption. ## In Summary Ilika’s latest progress underscores the growing relevance of solid-state battery technology in high-performance and safety-critical applications. The positive response from a UK defence agency provides external validation and opens the door to a potentially valuable new market. While the company is still in the early stages of commercialisation, developments such as these suggest steady progress in both technology validation and market engagement. On a final note, continued successful testing and customer evaluation will be key to unlocking the full value of Ilika’s Goliath platform. Share on: