Ilika: commercialisation is taking longer than investors hoped

Ilika (LSE:IKA) are a pioneer in solid-state battery technology and today has launched a new product for deep-sea battery systems. The shares closed yesterday at 22.5p with a mkt cap of £44.75m. The ORKATM launch is part of Ilika's strategy to deploy its Goliath batteries in non-automotive applications, including defence, to secure early commercialisation opportunities. This niche application offers pressure-tolerant batteries with longer endurance and the ability to operate at depths of up to 6,000 metres. Goliath’s diversification strategy is to side-step the huge but highly competitive and ...