Ilika Plc (LON:IKA) CFO Steve Boydell talks to DirectorsTalk about its latest results. With revenues doubling and indications that there is increased commercial momentum Steve explains the measures to ensure this will be sustained. With three developments being named and a split between medical and industrial we ask if this reflects a broader expression of interest in this technology, if China is an important jurisdiction and how Ilika will protect its IP there, the importance of large format batteries and details around a placing and open offer.
Ilika plc pioneer in solid-state battery technology and materials innovation. The Company has been inventing new materials for energy and electronics markets for over a decade, including in automotive, aeronautical and electronic components sectors. Global brands such as Rolls Royce and Toyota collaborate with Ilika’s development teams to create innovative products or improve the performance of existing components. By applying that heritage of patented materials invention, the Company has developed ground-breaking solid-state batteries to meet the specific demands of a wide range of applications in the Internet of Things (IoT).
The company is now licensing its battery technology IP to partners for IoT sensors for the Smart Home/Building; Medical; Automotive and Transportation sectors around the world. Ilika’s StereaxÒ battery technology IP family offers compelling advantages over conventional lithium ion batteries, including: smaller footprint (energy density), non-toxic properties, faster charging, increased cycle life, low leakage and reduced flammability. Ilika is working to help build the connected world, removing the constraints of energy source for designers and engineers by delivering ‘fit once and forget’ power wherever it is needed. The Company is headquartered in the UK and has operations in the USA and Japan.