Ilika Plc Share News (IKA)

LONDON (Alliance News) - Ilika PLC on Thursday said it made progress on pilot production tests of solid-state batteries and said remains in talks with potential partners for industrial scale production.

Ilika said the pilot production tests carried out in Southampton has seen a 10-fold increase in the rate of deposition of materials. Deposition rates of 2 microns per hour, which compare favourably to available solid-state micro-batteries, have already been achieved in the tests and significant increases in the rate are expected to occur in further testing.

In addition, Ilika said it remains in talks with potential partners capable of manufacturing full production lines of solid state batteries at an industrial scale.

"This announcement demonstrates the relentless progress being made by our operational team. Commercial pull from OEM partners continues to be broad and strong, with the increased capacity of micro-batteries being widely acknowledged as an important enabler to increase the market uptake of wearable and autonomous technologies," said Graeme Purdy, Chief Executive of Ilika.

Shares in Ilika were up 10% to 80.00 pence on Thursday, one of the best performers in the AIM All-Share.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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