Ilika Completes Stereax Battery Equipment Commissioning at Cirtec

An update from Ilika plc ( (GB:IKA) ) is now available.

Ilika plc has announced the successful commissioning of its Stereax micro-battery manufacturing equipment at Cirtec Medical’s facilities in Lowell, Massachusetts, marking a key milestone in their collaboration. This development signifies the commencement of battery production for process qualification, aligning with Ilika’s mission to integrate advanced technology into miniature active medical devices. The partnership with Cirtec furthers system-level miniaturization efforts in the medical device industry, enhancing Ilika’s industry positioning and expanding its market reach.

More about Ilika plc

Ilika plc is a company specializing in the development and commercialization of solid-state batteries. It focuses on creating innovative IP and manufacturing solutions for markets that conventional batteries cannot serve due to safety, charge rates, energy density, and life limitations. Ilika’s Stereax batteries power miniature medical implants, industrial wireless sensors, and IoT applications, while its Goliath batteries are designed for electric vehicles and cordless appliances.

YTD Price Performance: -1.16%

Average Trading Volume: 332,102

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £35.55M

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