Ilika plc Goliath Scale-up Update (4904Y)
07 Settembre 2022 - 11:00AM
UK Regulatory
TIDMIKA
RNS Number : 4904Y
Ilika plc
07 September 2022
Ilika plc
("Ilika" or the "Company")
Goliath Scale-up Update
Grant funding secured for the commencement of manufacturing
equipment trials
Ilika (AIM: IKA), a pioneer in solid-state battery (SSB)
technology, announces it has started a nine-month series of
manufacturing equipment trials to further de-risk its
industrialisation plan for its Goliath large format cells for
electric vehicles. The Automotive Transformation Fund, the Advanced
Propulsion Centre (APC)'s funding programme dedicated to supporting
the large-scale industrialisation of an electrified automotive
supply chain in the UK, is supporting the trials with UK-based
equipment vendors using representative volume manufacturing
equipment, designed to validate Ilika's scale up plan.
Ilika will receive a GBP175,000 grant towards its related costs
over the nine-month Project (codenamed STEP), which started on 1
August 2022.
The project follows two recent successful APC-funded
industrialisation projects, SOLSTICE and BUS100. The SOLSTICE
project between Ilika and Comau, part of Stellantis and a world
leader in the industrial automation field, concluded that there
were no cost or technical barriers to scaling-up Ilika's Goliath
solid-state battery technology for electric vehicles and delivered
a plant design for a mega-scale manufacturing facility. The ongoing
BUS100 project is a collaboration between Ilika and the UK Battery
Industrialisation Centre (UKBIC) to determine the economic
feasibility of placing a 100MWh SSB line at UKBIC to enable Ilika's
Goliath electric vehicle batteries to be manufactured at scale.
Building on the experience obtained at mega-scale, Ilika plans to
continue to scale up production to Giga-scale in collaboration with
cell manufacturing partners through joint ventures or
licensing.
Ian Constance, Advanced Propulsion Centre CEO said: "I am
pleased that this project has been successfully funded, sharing
part of GBP15 million from our Scale-Up Readiness Validation
competition. With this support, the APC aims to increase confidence
in large-scale manufacturing investments to build electrified
supply chains in the UK. It is vital, in the transition to net
zero, that the automotive sector seizes the opportunity to grow the
industry, create or safeguard jobs and build on the expertise
anchored here in the UK."
Graeme Purdy, Ilika CEO, stated: "STEP is a crucial part of
Ilika's industrialisation journey and provides a great opportunity
for Ilika to work with UK-based equipment vendors in these trials -
to both further Ilika's ambitions to scale its technology and to
develop the all-important SSB supply chain."
For more information contact:
Ilika plc www.ilika.com
Graeme Purdy, Chief Executive Via Walbrook PR
Liberum Capital Limited (Nomad Tel: 020 3100 2000
and Joint Broker)
Andrew Godber, Cameron Duncan,
William Hall, Nikhil Varghese
Joh. Berenberg, Gossler & Co. KG Tel: 020 3207 8700
(Joint Broker)
Matthew Armitt, Mark Whitmore,
Detlir Elezi, Mara Grasso
Walbrook PR Ltd Tel: 020 7933 8780 / Ilika@walbrookpr.com
Tom Cooper Mob: 0797 122 1972
Lianne Applegarth Mob: 07584 391 303
Nick Rome Mob: 07748 325 236
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