(NewsDirect)
Ilika PLC (AIM:IKA, OTCQX:ILIKF) chiefexecutive Graeme Purdy discusses a trading update and the latestcompany milestones with Proactive's Stephen Gunnion.
Purdy highlighted that Ilika'sfinancial performance for the year ending in April is expected to bein line with projections, noting a significant revenue increase from£0.8 million the previous year to approximately £2 million. Thisgrowth is largely attributed to grant support for their Goliathdevelopment programme. He provided an update on the Goliath batteries,mentioning that they had reached a milestone in late 2023, whichallowed them to start producing P1 prototypes for external evaluation.These prototypes are currently being tested, with results expected tobe shared with partners soon.
Additionally, Purdy touched on achieving lithium ion parity withtheir Goliath batteries, marking a significant technologicaladvancement. He also discussed the progress with their Stereax productfollowing a tech transfer and licence agreement with Cirtec in theUSA, which is moving forward with the initial production lineinstalled and operational.
Purdy said investors can participatein a Q&A session with Ilika on 26 April at 11am BST on theInvestor Meet Company (IMC) platform by registering here: https://www.investormeetcompany.com/ilika-plc/register-investor
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