Ilika (LON: IKA) should be ready to ramp up production at its new battery plant in Chandler’s Ford by the beginning of the next financial year. The battery technology developer will then be able start generating revenues from its Stereax batteries.
The production lines have been installed and the process and product qualification is underway. Production of the lithium-ion batteries could start before the end of April, but there will be little in the way of revenues by then. Longer-term there will be licensing opportunities.
Stereax batteries are smaller than competitors. Medical sensors...
