# Ilika plc signs MOU with Cirtec Medical

- Link: https://www.directorstalkinterviews.com/ilika-plc-signs-mou-with-cirtec-medical/4121097837
- Published: 2023-01-16T07:10:46+00:00
- Author: Giles

**[Ilika Plc](https://www.directorstalkinterviews.com/company/ilika-plc/ika.l)**(
[LON:IKA](https://www.directorstalkinterviews.com/company/ilika-plc/ika.l)), a pioneer
in solid-state battery technology, has announced it has broadened its relationship
with Cirtec Medical, an industry-leading strategic outsourcing partner of complex
medical devices including minimally invasive and active implantable devices, by 
signing a memorandum of understanding which outlines the transfer of Stereax mm-
scale battery manufacturing to Cirtec’s facility in Lowell, Massachusetts, U.S.

Ilika will focus on advanced technology development and IP licensing in support 
of Cirtec’s manufacturing and commercialisation activities. This partnership will
reinforce Cirtec’s ongoing activities in system level miniaturisation for the medical
device industry. Benefits of this partnership, to Ilika, include:

·    Further validation of Stereax’s capabilities

·    Manufacturing partnership delivering economy of scale and ability to rapidly
ramp production

·    Expanded business development team bringing additional commercial momentum

In due course Ilika and Cirtec envisage signing a contract once the terms of the
partnership have been finalised and a further announcement will be made at this 
time.

> **Graeme Purdy, Ilika Plc’s Chief Executive Officer, said:** _“Our partnership
> with Cirtec reinforces a pathway towards commercialisation of our Stereax battery
> technology. Cirtec brings a wealth of manufacturing experience and a strong track
> record of successful product commercialisation in the medical device industry.”_

> **Brian Highley, Cirtec Medical Chief Executive Officer, commented:** _“With over
> 20 years of experience in the design, development and manufacturing of medical
> devices, Cirtec is uniquely poised to work with Ilika in bringing its Stereax 
> battery technology to market. We believe this collaboration fits right into our
> strengths and expands upon our mission to vertically integrate our capabilities
> to support our offerings to the implantable and wearable device markets.”_
> Ilika specializes in the development of solid-state batteries. Its Stereax product
> line is designed for miniature medical implants and specialist internet of Things(
> IoT) applications. Stereax enables disruptive product designers looking for an
> intrinsically safe, long life (1000s recharges), low leakage (nA) and miniature
> power source in a rectangular form factor similar to ICs. 

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