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Ilika, Bango, Arecor, IXICO, Powerhouse Energy - Small Cap Week in Review

Ilika, Bango, Arecor, IXICO, Powerhouse Energy - Small Cap Week in Review

Ilika PLC (AIM:IKA, OTCQX:ILIKF) has raised £3.3 million excluding a £500,000 retail offer to support its battery tech platforms, Stereax and Goliath. The cash will help finalise licensing to Cirtec and scale up its next-gen solid-state batteries.

Bango PLC (AIM:BGO, OTCQX:BGOPF) has landed a big US deal with Optimum, part of the Altice group, for its Digital Vending Machine. Three of America’s top five telcos now use Bango’s platform to bundle streaming and digital services.

Arecor Therapeutics PLC (AIM:AREC) has signed its third deal of the year, this time with Skye Bioscience. The partnership will use Arecor’s Arestat platform to reformulate an experimental obesity drug.

IXICO PLC (LSE:IXI, OTC:PHYOF) says revenue jumped 26% in the first half as it moved beyond rare neurodegenerative diseases into broader areas such as Alzheimer’s and Parkinson’s. CEO Bram Goorden says more deals are coming as it expands into new areas like blood-based biomarkers.

Powerhouse Energy Group PLC (AIM:PHE) says its Engsolve unit has already booked £1 million in contracts this year. That includes bioethanol and hydrogen work, plus a US recycling pilot tied to its recent Capital Markets Day.

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