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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Ilika plc    IKA   GB00B608Z994

ILIKA PLC

(IKA)
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Delayed Quote. Delayed London Stock Exchange - 04/25 11:35:10 am
38 GBp   +2.70%
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Ilika : Stereax batteries yield record energy density

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02/12/2019 | 02:05am EDT

Ilika Plc

('Ilika' or the 'Company')

Ultra-thin StereaxÒbatteries yield record energy density

Ilika plc (AIM: IKA), the advanced solid-state battery technology company, announces it has increased, by a factor of three, the volumetric energy density (its highest ever) of its mm-scale StereaxÒsolid-state batteries by introducing wafer-thinning technology into its manufacturing workflow to yield ultra-thin cells.

Ilika's mm-scale battery, code-named Golden Hind, is designed for miniature medical implants, which account for about 50% of the current commercial opportunities in Ilika's licensing pipeline. The cells are fabricated on standard semiconductor industry wafers using Ilika's proprietary vacuum deposition technique. The cells are etched from the materials deposited on the wafer and singulated using standard industry back-end processing techniques. lIika has developed the materials and process technologies to make these cells on its pilot line in Southampton, UK and to align with customer demands.

The latest batteries were thinned using back-end processes common to the semi-conductor industry. This crucial manufacturing step will produce ultra-thin solid-state batteries about 250 um in thickness, which is not much thicker than a postage stamp.

Golden Hind prototypes are currently undergoing parallel evaluation at Ilika's facility to fully qualify the cells for a product launch in Q2 2019.

Graeme Purdy, Ilika CEO, stated: 'This is the latest improvement in the processing of miniature StereaxÒcells. We are integrating our unique approach to materials deposition with standard semiconductor manufacturing technology to deliver best in class solutions.'

For more information contact:

Ilika plc

www.ilika.com

Graeme Purdy, Chief Executive

Tel: 023 8011 1400

Steve Boydell, Finance Director

Liberum Capital Limited

Tel: 020 3100 2000

Andrew Godber, Cameron Duncan

Trystan Cullen, William Hall

Walbrook PR Ltd

Tel: 020 7933 8780 / ilika@walbrookpr.com

Paul Cornelius

Mob: 07866 384 707

Lianne Cawthorne

Mob: 07584 391 303

Disclaimer

Ilika plc published this content on 12 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2019 07:04:06 UTC

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Financials (GBP)
Sales 2019 2,82 M
EBIT 2019 -2,68 M
Net income 2019 -
Finance 2019 3,60 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 11,9x
EV / Sales 2020 9,67x
Capitalization 37,3 M
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Mean consensus BUY
Number of Analysts 1
Average target price 0,41  GBP
Spread / Average Target 11%
Managers
NameTitle
Graeme Purdy Chief Executive Officer & Executive Director
Keith Jackson Chairman
Stephen John Boydell Secretary, Executive Director & Finance Director
Brian Elliott Hayden Executive Director & Chief Scientific Officer
Clare Mary Joan Spottiswoode Non-Executive Director
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