Ilika PLC (AIM:IKA, OTCQX:ILIKF) (Ilika PLC (AIM:IKA, OTCQX:ILIKF), Ilika PLC (AIM:IKA, OTCQX:ILIKF)) Graeme Purdy joins Proactive London to talk through their financial position as it advances the Stereax and Goliath product lines, ending its half year with £27.7mln of cash and cash equivalents.
The company in December opened its Stereax solid-state battery manufacturing facility in Chandlers Ford, setting up the company to manufacture its micro batteries designed to power medical devices and industrial wireless sensors (IIoT) in hostile environments.
As manufacturing capacity has risen the company has continued to engage with customers from the IIoT and medical device sectors.