Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest announcement is out from Ilika plc ( (GB:IKA) ).
Ilika plc has successfully demonstrated the ability to scale up the manufacturing of its Goliath solid-state batteries in collaboration with the UK Battery Industrialisation Centre (UKBIC). This advancement, which utilizes industry-standard equipment in a giga-scale factory setting, is a significant step towards commercialization, promising to reduce costs, extend the range of electric vehicles, and shorten charging times. This progress follows previous milestones like the start of commercial testing and the delivery of prototype batteries to customers. Additionally, Ilika’s collaboration under Project SiSTEM, supported by the Automotive Transformation Fund, involves partners like Mpac Group and Agratas, focusing on scaling up production capabilities with minimal disruption. The initiative aligns with the UK government’s funding efforts to accelerate innovation in the battery sector, potentially strengthening Ilika’s industry positioning.
More about Ilika plc
Ilika plc is a global expert in the development of solid-state battery technology, catering to industries such as electric vehicles, medical devices, and consumer appliances. The company offers two main product lines: Stereax batteries for miniature medical implants and IoT applications, and Goliath batteries for electric vehicles and cordless appliances. Ilika employs a licensing business model, providing intellectual property to OEMs and manufacturing partners in exchange for license fees and future royalties.
YTD Price Performance: 25.58%
Average Trading Volume: 438,684
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £45.17M
Learn more about IKA stock on TipRanks’ Stock Analysis page.
