Ilika plc (ILIKF) Q2 2025 Earnings Call Transcript

2025-01-21 22:12:27 ET

Ilika plc (ILIKF)

Q2 2025 Earnings Conference Call

January 21, 2025, 11:30 AM ET

Company Participants

Graeme Purdy - CEO

Jason Stewart - CFO

Conference Call Participants

Presentation

Operator

Welcome to the Ilika plc Investor Presentation. Throughout this recorded presentation, investors will be in listen-only mode. [Operator Instructions] The company may not be in a position, to answer every question it receives during the meeting itself. However, the company can review all questions submitted today, and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll.

And now I'd like to hand you over to Graeme Purdy, CEO. Good afternoon, sir.

Graeme Purdy

Hello. And many thanks to everybody for choosing to listen to Ilika's half year results. I realize that you've got a news rich day, with lots of executive orders that you could digest if you wish, but we're going to focus on what's happened in the first six months of Ilika's current financial year, and talk you through the key items that are related to our Stereax and Goliath products. I'm joined today by our CFO, Jason.

Jason Stewart

Good afternoon, everyone.

Graeme Purdy

And together, we'll whip through the presentation and take your questions. Just wanted to apologize for those of you, who have perhaps tuned in to previous webcasts from us, because we've got a mixed audience of people, who are familiar with the Ilika story and perhaps, those who haven't come across it before. We're going to cover the basics, but I'll try and do that at a speed that keeps everybody engaged. Okay, here we go.

So first of all, we are going to focus on Ilika's progress as a pioneer in solid-state batteries. The company has got a long history. Actually we were created at our local university here in the U.K. at Southampton University, which has always had a strong focus on electrochemistry. We're addressing some of the biggest markets for batteries in the world.

The battery market for automotive, for example, continues to grow at an astonishing speed. We've got a really strong patent portfolio, 62 patents which protect the IP and know-how that we've created over the years. And we've got an adequate cash balance to execute the plans that, we have to bring us through to commercial maturity. So on the one hand we've got our Stereax, miniature cells, which are primarily designed for miniature medical devices, and also some industrial IoT applications.

So wireless sensors, and actually you can see one of our wafers being held there on, which we deposit our Stereax batteries. And then on the other hand, we've got our Goliath large format cells, which are being developed for the automotive industry as well as cordless consumer appliances.

So today you're going to hear from myself and Jason. I'm not going to go through our buyers. There's the same information actually on our website if you want to look us up later. And we are part of a seasoned management team, with some really strong experience and know-how from a range of industries....

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