Ilika would like to take the opportunity to update the market on the implementation of its manufacturing plans for Stereax, Ilika’s miniature solid-state batteries designed for industrial wireless sensors in hostile environments and medical implants.
In the Company’s Trading Update issued on 9 June 2020, Ilika explained that it had issued Requests for Information (RFI’s) to four 3rd party fabrication facilities (FABs), two in Europe and two in North America, to prepare for the selection of its preferred FAB partner. Ilika has now entered into detailed commercial discussions with two of the FABs, with a view to concluding discussions in Q4 2020.
Ilika confirmed, in the Final Results announcement on the 9 July 2020, that the contract had been awarded for the most significant long-lead equipment item, Tool 1 – a custom-designed evaporation tool for the rapid deposition of cathode materials for Ilika’s Stereax batteries. The Company is still expecting that this will be ready for delivery to Ilika in Q4 2020 for process development.
Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.
