Battery technology developer Ilika (LON: IKA) plans to complete a manufacturing licence deal with Cirtec Medical, which will enable a significant boost in production for the Stereax miniature battery. There is plenty of cash in the bank for Ilika’s immediate requirements and it will be able to satisfy demand from medical companies for the battery.
There are already customers interested in the Stereax battery with initial orders from 18 medical companies. Once the full details of the deal are...
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