REG - Ilika plc - Trading Update, Notice of Results & Presentations

IlikaAnnouncement

16/05/2024 07:00

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RNS Number : 6115O  Ilika plc  16 May 2024

 

Ilika plc

("Ilika" or the "Company")

 

Trading Update & Notice of Results

 

Analyst and Investor presentations

 

Ilika (AIM: IKA), an independent global expert in solid-state battery
technology, provides updates on trading, Stereax® manufacturing, and Goliath
product development, as well as notice of its full year results for the year
ended 30 April 2024 (the "Period").

 

Trading Update for FY24

Unaudited trading for the year ended 30 April 2024 has been in line with
management expectations. The Company expects to announce revenues of
approximately £2.1m (2023: £0.7m), and an EBITDA loss excluding
share-based payments of around £4.5m (2023: EBITDA loss of £7m). Cash and
cash equivalents at the period end were £11.9m (30 April 2023: £15.8m).

 

Operational Update

During the Period, significant progress was made with transferring
manufacturing to Cirtec Medical LLC ("Cirtec") under the licence of Ilika's
thin-film Stereax miniature solid-state batteries ("SSBs") for powering
medical devices and industrial wireless sensors in specialist environments.

 

In addition, the Company achieved significant milestones in developing its
large-format Goliath cells for electric vehicles ("EV") and cordless
appliances. Recently the Company also announced that Agratas, a Tata Group
global battery business, has joined its SiSTEM grant funded scale up activity.

 

In parallel to joining the SiSTEM project, Ilika and Agratas have entered into
a 12-month agreement that will facilitate interactions between the companies
to support Ilika's journey to its D8 (50Ah, chemistry frozen) development
milestone in H1 2025 - which will underpin licencing opportunities, alongside
exploring wider collaboration opportunities between the two parties.

 

On 10 May 2024, Ilika also announced a capital raising activity comprising of
a conditional placing of new ordinary shares, raising gross proceeds of
£1.7m, and an open offer for new ordinary shares, with the intention to raise
up to an additional £1.7m, to provide additional support for the development
of its Goliath solid-state battery.

 

Notice of Results

Ilika expects to announce its audited full year results for the year ended 30
April 2024 on Thursday 11 July 2024.

 

Analyst Briefing

The management team will be hosting an in-person analyst briefing on the day,
Thursday 11 July 2024, at 9.30am. Analysts who wish to attend should contact
Nick Rome at Walbrook PR on +44(0)20 7933 8780 or email ilika@walbrookpr.com
(mailto:ilika@walbrookpr.com)  to register.

 

Investor Presentation

An investor presentation will be held on the day, Thursday 11 July 2024, at
4.30pm and will be hosted through the digital platform, Investor Meet
Company. Investors can sign up to Investor Meet Company for free and add to
meet Ilika plc via the following
link: https://www.investormeetcompany.com/ilika-plc/register-investor
(https://urldefense.proofpoint.com/v2/url?u=https-3A__www.investormeetcompany.com_ilika-2Dplc_register-2Dinvestor&d=DwMFAg&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=1OI9eWQUVfVpxZXWzxX2tPcSAmxw5YMa3-DImHWnbkA&m=22nIVAzynQ78VnYQ8pNvYLoiaC3r3JGnA0Gjs0X1HfI&s=GFcaJdt_WBmGcV6u2cZxJzgNoqqkh-ky8V45ELknGH8&e=)
or for more information please contact Walbrook PR at ilika@walbrookpr.com.

 

 For more information contact:
 Ilika plc                                               www.ilika.com (http://www.ilika.com/)
 Graeme Purdy, Chief Executive                           Via Walbrook PR
 Jason Stewart, Chief Financial Officer

 Liberum Capital Limited (Nomad and Joint Broker)        Tel: 020 3100 2000
 Andrew Godber, John More
 Nikhil Varghese, Joshua Borlant

 Joh. Berenberg, Gossler & Co. KG (Joint Broker)         Tel: 020 3207 8700
 Mark Whitmore, Detlir Elezi, Natasha Ninkov

 Walbrook PR Ltd             Tel: 020 7933 8780 / Ilika@walbrookpr.com
 Nick Rome, Charlotte Edgar, Joe Walker

 

About Ilika plc - https://www.ilika.com (https://www.ilika.com/)

Ilika specialises in the developing and commercialisation of solid state
batteries. The Company's mission is to rapidly develop leading-edge
IP, manufacture and license solid state batteries for markets that cannot be
addressed with conventional batteries due to their safety, charge rates,
energy density and life limits. The Company achieves this by using
ceramic-based lithium-ion technology that is inherently safe in manufacture
and usage, higher thermal tolerance and easier to recycle which
differentiates our products from existing batteries.

 

The Company has two product lines. Its Stereax batteries which are designed
for powering miniature medical implants, industrial wireless sensors and
specialist internet of Things (IoT) applications and the Goliath large format
batteries designed for EV cars and cordless appliances.

 

 

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