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when this contract is signed will this not be the first production contract for any solid state batteries anywhere in the world beating all the other solid state battery company technology to market even the big billion dollar players who are all still in development stage?
is this not the first solid state lithium battery to be mass produced at scale in the world?
Did they ever IPO I read somewhere planed October 2021 .
They had decided London preferable to USA .
It looks as though Britishvolt will go into Administration, news coming today. This may even help Ilika
Up a further 12% by 9,40am next day @ 52p .
My first two buys still well under lets hope they turn positive soon .
In hindsight better if I had been otherwise occupied yesterday .
Yesterdays tie up with the American manufacturer and distributor of Micro Medical devices made sense to me. Faster cheaper manufacturing and access to the sales distribution network of a specialist seeking vertically integrate,
I would also concur with other posters that it will definitely speed entry to the market cf doing the production in the UK ( with or without Government hindrance)
What then for Goliath?. Aside from the basic chemistry inside the solid sate battery they seem poles apart from Medical devices. To my mind splitting the company in 2 is logical . The way to get Goliath "motoring" is to get vvv close to a car maunfacturer. Thinking you can develop in isolation and a car manufacturer will take the product is wishful and doesnt reflect how the big manufacturers produce. Splitting off Goliath for a piece of inward investment by a Car Group with a view to potential take out could offer the best route for share holders to gain value . Just a thouht
GLA
Personally I'm glad they are going the American way given the shambles that is UKBIC involve the u.k. government in anything and it's doomed to failure onwards I hope and maybe a takeover at some point?
This has got to be a positive step in the right direction
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Doesn't bode well for their current set up I reckon. I think the interims are going to be a disaster.
Just sold the top up buy in November for 43p
7am RNs gave up its small rise by 10am , then started a slow 20% rise to 4pm .
Mon, 16th Jan 2023
Ilika shares jump on new deal with Cirtec Medical
(Sharecast News) - Solid-state battery technology developer Ilika has broadened its relationship with Cirtec Medical, it announced on Monday, through a memorandum of understanding outlining the transfer of 'Stereax' millimetre-scale battery manufacturing to Cirtec's facility in Lowell, Massachusetts.
The AIM-traded firm said it would focus on advanced technology development and intellectual property licensing in support of Cirtec's manufacturing and commercialisation activities.
It said the partnership would reinforce Cirtec's ongoing activities in system-level miniaturisation for the medical device industry.
Benefits of the partnership for Ilika would include the further validation of Stereax's capabilities, a manufacturing partnership delivering economy of scale and the ability to rapidly ramp production, and an expanded business development team bringing additional commercial momentum.
The board said that in due course, Ilika and Cirtec envisaged signing a contract once the terms of the partnership were finalised, with a further announcement to be made at that time.
"Our partnership with Cirtec reinforces a pathway towards commercialisation of our Stereax battery technology," said chief executive officer Graeme Purdy.
"Cirtec brings a wealth of manufacturing experience and a strong track record of successful product commercialisation in the medical device industry."
This has got to be a positive step in the right direction
I've made my usual mistake of holding onto a share when its price is falling - but I did sell some of my IKA holding when it was above 150p; I've held IKA for a long time and assumed the only way was up. I've recently topped up, since at the current 26p (LSE suggests this translates to a market cap of £41m) I think it's a bargain share (do your own research etc): Despite the recent profit warning it shouldn't be too long now before we start seeing the results of Ilika's Stereax miniature batteries going into commercial products (esp. medical). Stereax has a number of unique properties which means Ilika is in a strong pricing position, so I feel that side of the business justifies the current market cap (or more) on its own and has high barriers to entry for potential competitors. The other side of IKA is the large Goliath battery project where Ilika is a small fish in a big pool, but again with some unique advantages; I feel it's too early to know how successful this side of Ilika will be.
I've also been watching the news around Aluminium-Sulphur batteries recently - which would likely constitute a threat to Ilika unless they also explore this chemistry - but my current view on this is that considerable further development is needed before this type of battery is commercially viable: I'd actually be very happy to be wrong here since the benefit to humanity of batteries made from relatively common elements would be huge. A good paper I found on this type of battery is here: https://www.nature.com/articles/s42004-022-00693-5 (search for "Advances and challenges of aluminum–sulfur batteries Klimpel Kovalenko" if LSE scrubs the link)
When?
Not a good time for buying anything now
Looks like below 20 pence to me. Got to be worth a punt at some stage but when
Not me
It's almosr certain in my view that Ilika will run out of cash in the coming years regardless of filling the production line. Who will put more cash into this money pit?
Decided to double up my holding today @ *27p lifted midday , looking good at close 30p. Hunts budget today might go down better with markets .
Berenberg cut target to but still says buy , taking that was after reading today's RNS .
I bought these twice on 11th May 2022 at 74.9p and later at 72p . ( no post here )
Original buy at 140p on 27th July 2021.
Today's news
Elsewhere in London, Ilika tumbled 32%. The solid-state battery technology company warned its loss before interest, tax, depreciation and amortisation for the six months to October 31 is expected at GBP4.5 million, widening from GBP2.7 million.
It also warned that revenue in financial 2024 and 2025 to be "materially lower than in previous forecasts".
This is on my shortlist to watch, but not tempted to invest at the moment.
Company will defo be around in a few years.
No need to sell, this company is very good at filling out grant applications forms. The millions that have gone into the development won't be wasted and development could be fast tracked quite dramatically if a car manufacture benefits from solid state tech.
Another green dream stock bites the dust. :(
This ramp-up is now expected to take 2FIVE YEARS" to reach capacity of the UK manufacturing facility.
SELL AND COME BACK IN 4 YEARS AND 11 MONTHS. See if the company is still here or issues another delay for the next century.
Around 14p is my guess. Plenty of cash in the bank but a lot of costs and little revenue.
Down 80%
No. Its all pie in the sky. Nothing works as of yet that is commercial...In the Oil and Gas sector this is a duster...
Primary Bid just last year issued at £1.40