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Share Name Share Symbol Market Type Share ISIN Share Description
Ilika Plc LSE:IKA London Ordinary Share GB00B608Z994 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.68% 147.00 145.00 147.00 147.00 146.00 146.50 267,335 16:35:03
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Alternative Energy 2.3 -3.8 -2.5 - 207

Ilika plc Goliath manufacturing design collaboration

06/04/2021 7:00am

UK Regulatory (RNS & others)


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RNS Number : 4516U

Ilika plc

06 April 2021

Ilika plc

("Ilika" or the "Company")

Goliath manufacturing design collaboration with Comau

GBP235,000 grant funding towards 12-month project

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces it is collaborating with Comau, part of the Fiat Group, and a world leader in the industrial automation field, to scale up Ilika's existing Goliath pre pilot line and deliver a plant design for a Goliath manufacturing line at a mega-scale facility (the "Project").

The design study is being supported by the Advanced Propulsion Centre (APC) and Ilika will receive a GBP235,000 grant towards its related costs over the 12-month project.

The Project, which is led by Ilika, has two objectives, firstly to design the scale up of Ilika's existing Goliath pre pilot line to increase production of solid-state cells from 1kWh per week to 10kWh per week. Secondly, Comau will undertake a full study of Ilika's processes and deliver a plant design for a megawatt scale solid-state manufacturing line for ultimate installation at the UK Battery Industrialisation Centre (UKBIC).

These manufacturing scale up activities are running in parallel with Ilika's Goliath solid-state technology developments to ensure Ilika can deliver its batteries to the global marketplace cost effectively and within the quickest time frame.

Automotive Transformation Director at the APC, Julian Hetherington said: "As part of the second round of feasibility study funding by the Automotive Transformation Fund, we are pleased to award Ilika and Comau a grant of GBP495,700. This funding is a great start in supporting companies like Ilika as they advance their future product development and manufacturing processes for a future net-zero vehicle supply chain. "

Graeme Purdy, Ilika CEO, stated: "This project is an important step in the scale up of our Goliath technology and represents an exciting opportunity to work with Comau, one of the world's leading designers of innovative engineering solutions. We are a strong team ideally placed to deliver a strong manufacturing capability for Goliath solid-state batteries."

 
For more information contact: 
 
 Ilika plc                                                 www.ilika.com 
Graeme Purdy, Chief Executive                            Via Walbrook PR 
 Officer 
Steve Boydell, Finance 
 Director 
 
Liberum Capital Limited                               Tel: 020 3100 2000 
Andrew Godber, Cameron 
 Duncan, William Hall, Nikhil 
 Varghese 
 
Walbrook PR Ltd                Tel: 020 7933 8780 / Ilika@walbrookpr.com 
Tom Cooper                                            Mob: 0797 122 1972 
Lianne Cawthorne                                      Mob: 07584 391 303 
Nick Rome                                             Mob: 07748 325 236 
 

About Ilika:

Ilika plc (AIM: IKA) is a pioneer in solid state battery technology with their Stereax micro batteries for next-generation MedTech devices and their Goliath large format batteries for electric vehicles and cordless consumer electronics.

More information can be found at www.ilika.com and on Twitter @ilikaplc.

Ilika plc (AIM: IKA) is a pioneer in solid state battery technology with their innovative Stereax micro batteries designed for next-generation MedTech markets, and their Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide customisable Stereax micro batteries and develop its Goliath Wh-level solid state battery pouches and cells. The company is building a consortium of global expertise with its Goliath Leader Partnership program.

Find more about Ilika and their innovative solid state battery technology at www.ilika.com and on Twitter at @ilikaplc.

About the Advanced Propulsion Centre:

The Advanced Propulsion Centre (APC) collaborates with UK government, the automotive industry and academia to accelerate the industrialisation of technologies, supporting the transition to deliver net-zero emission vehicles. Since its foundation in 2013, APC has funded 150 low-carbon projects involving 375 partners, working with companies of all sizes, and has helped to create or safeguard over 50,000 jobs in the UK. The technologies developed in these projects are projected to save over 260 million tonnes of CO2, the equivalent of removing the lifetime emissions from 10.2 million cars.

With its deep sector expertise and cutting-edge knowledge of new propulsion technologies, APC's role in building and advising project consortia helps projects start more quickly and deliver increased value. In the longer term, its work to drive innovation and encourage collaboration is building the foundations for a successful and sustainable UK automotive industry.

In 2019 the UK government committed the Automotive Transformation Fund (ATF) to accelerate the development of a net-zero vehicle supply chain, enabling UK-based manufacturers to serve global markets. ATF investments are awarded through the APC to support strategically important UK capital and R&D investments that will enable companies involved in batteries, motors and drives, power electronics, fuel cells, recycling, and associated supply chains to anchor their future.

For more information go to apcuk.co.uk or follow us @theapcuk on Twitter and Advanced Propulsion Centre UK on LinkedIn

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April 06, 2021 02:00 ET (06:00 GMT)

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