Ilika starts 2025 with big milestone for Stereax batteries as it targets commercial production

Proactive - Interviews for investors

Ilika PLC (AIM:IKA, OTCQX:ILIKF) CEO Graeme Purdy joined Proactive's Stephen Gunnion with news of the successful commissioning of manufacturing equipment for Stereax batteries at Cirtec Medical’s facility in Lowell, Massachusetts, in the US. He explained that the company has completed commissioning and is moving into process qualification, with commercial sales anticipated later this year. Purdy discussed the partnership with Cirtec, emphasising its role as a tier-one manufacturing company catering to leading medical device OEMs. This collaboration involves a ten-year licensing agreement, with Ilika retaining responsibility for manufacturing proprietary cathodes in the UK before final assembly in the US. Purdy also highlighted the unique features of Stereax batteries, designed for active implantable medical devices. Their miniaturisation and high energy density are enabling innovative applications in medical technology, reducing surgical interventions and improving patient recovery. In addition to Stereax, Purdy provided updates on the company’s Goliath batteries for EVs and cordless appliances. The latest prototypes for these large-format batteries are expected midyear, with customer evaluations planned for late 2025. Watch the full interview for more insights into Ilika PLC's plans for 2025, and hear directly from Graeme Purdy about the company’s progress and goals. For more videos like this, visit Proactive’s YouTube channel. Don’t forget to like the video, subscribe to the channel, and turn on notifications for future updates. #IlikaPLC #BatteryInnovation #StereaxBatteries #SolidStateTechnology #GoliathBatteries #MedicalDevices #EVBatteries #CleanEnergy #BatteryTechnology #ProactiveInterviews