IN BRIEF: Ilika secures further grant funding for Goliath batteries

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Ilika PLC - Romsey, England-based solid-state battery technology company - Receives further grant support to manufacture the first Goliath A-Sample batteries for automotive applications. Grant is provided from the newly launched Demonstrate fund, facilitated by the Advanced Propulsion Centre UK, in a 12-month, £3 million collaboration programme, of which Ilika will receive around £1.3 million in grant funding. The programme, which will commence on August 1, will see Ilika partner with HSSMI, a UK based manufacturing consultancy and utilise the electrode production lines at the UK Battery Industrialisation Centre. ‘The next 12 months promise to be fast-paced and transformational for Goliath and Ilika,’ says Ilika Chief Executive Graeme Purdy.

Current stock price: 42.50 pence, closed up 9.0% in London on Tuesday

12-month changed: up 57%

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