- Industrial-scale prototype shows higher yield and better charging performance at UKBIC
Ilika PLC (AIM:IKA, OTCQX:ILIKF) shares jumped 15% on Tuesday after the company announced strong results from a key production milestone for its Goliath solid-state battery programme.
Working with the UK Battery Industrialisation Centre (UKBIC), Ilika successfully manufactured a batch of 10 amp-hour prototype cells using industrial-scale processes, and the outcome exceeded expectations.
The new cells performed better than those made on Ilika’s pilot line, showing improved battery capacity under rapid charging conditions, greater handling durability and fewer defects during the drying stage.
These gains are critical as the company moves closer to commercial deployment of its technology for the electric vehicle market, where solid-state batteries are seen as a future replacement for current lithium-ion systems.
Broker Cavendish, which has a corporate rating on the stock, said the data confirms that high-volume industrial equipment can unlock further performance improvements in the Goliath platform.
The firm reiterated its 83p price target, implying over 147% upside from Ilika’s current share price of 31.5p.