Stmnt re Share Price Movement

RNS Number : 9967J

Ilika plc

29 December 2020

 

Ilika plc

("Ilika" or the "Company")

Statement re Share Price Movement

The Board notes the recent rise in the Company's share price and the growing interest in solid state batteries in the media in recent weeks regarding their future potential in automotive applications. The Company reiterates its guidance set out in the announcements dated 11 and 24 November 2020. In particular, whilst the Board is confident about the prospects for the Company's Goliath larger format batteries, mass market commercialisation is dependent on further technical development and successful manufacturing scale-up.

The interim results for the period ended 31 October 2020 will be released on 14 January 2021.

For more information contact: Ilika plc	www.ilika.com
Graeme Purdy, Chief Executive	Via Walbrook PR
Steve Boydell, Finance Director
Liberum Capital Limited	Tel: [phone]
Andrew Godber, Cameron Duncan, William Hall, Nikhil Varghese
Walbrook PR Ltd	Tel: [phone] /  [e-mail]
Tom Cooper	Mob: [phone]
Lianne Cawthorne	Mob: [phone]
Nick Rome	Mob: [phone]

Notes to editor and corporate video:

Please click link here to view latest corporate video and overview:

https://www.ilika.com/latest-news/ilika-investor-update-november-2020

Ilika plc (LON: IKA) is a pioneer in solid-state battery technology with their innovative Stereax micro batteries designed for Industrial IoT and MedTech markets, and their Goliath large format batteries for the electric vehicle and consumer electronics markets. Stereax battery technology offers compelling advantages over conventional lithium ion batteries, including smaller footprint, high energy density, non-toxic materials, faster charging, increased cycle life, low leakage and reduced flammability. Stereax solid-state batteries are also customisable in shape and form, stackable and operational at high temperatures.

 

END

 

 

SPMPPGWUPUPUGUB