Ilika progressing towards commercial battery products

Battery technology developer Ilika (LON: IKA) is making progress with the transfer of equipment and validation of production with its US manufacturing partner Cirtec Medical. Stereax product sales are still some way off, though. There is significant potential for Stereax and the larger Goliath batteries, but it will take years for this to be realised.

The Goliath automotive battery has reached prototype stage and most of the grant income of £1.34m in the six months to October 2023 relates to this.

There is plenty of cash in the balance sheet and this will last for another 18 months or s...

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