Ilika Plc Regulatory News (IKA)

Ilika plc

("Ilika" or the "Company")

First Stereax Micro Solid State Battery Manufacturing Facility Opened

Ilika (AIM: IKA), a pioneer in solid-state battery technology, is pleased to announce the official opening of its Stereax solid state battery manufacturing facility in Chandlers Ford, UK on Friday 3 December 2021. The new facility will manufacture Stereax micro batteries that are designed for powering next generation implanted medical devices and wireless sensors used in the Industrial Internet of Things.

The facility was opened by Rt Hon Steve Brine, MP and the Rt Hon Lord Willetts, former Minister of State for Universities and Science and author of the influential "Eight Great Technologies" government policy. Representatives from the local council and the National Microelectronics Institute also supported the opening. The ribbon was cut to the new cleanrooms where a controlled environment will enable the manufacture of Stereax batteries to the desired reliability, yield and quality that will provide customers with a top-quality power source for their devices.

Ilika has been developing Stereax mm-scale batteries and this new facility will now enable manufacture at scale, ready for commercialisation from Q2 2022 of Ilika's first product, the Stereax M300 micro battery (300uAh, 5.6x3.6x0.9mm).

Rt Hon Steve Brine, MP stated: "I am delighted that Ilika has created this advanced facility in my constituency. Ilika's cutting edge technology and the opportunities that this manufacturing facility brings to the area are vital in supporting a diverse local economy"

Ilika's CEO Graeme Purdy, stated: "We are very excited to open this new facility which will be the first of its kind in the UK and we are looking forward to selling Stereax micro batteries to markets that cannot be addressed with conventional batteries. I'd like to thank all employees for their hard work and both our investors and Innovate UK for their continued support."