Ilika plc Framework Agreement with UKBIC (7740Z)
23 September 2020 - 4:00PM
UK Regulatory
TIDMIKA
RNS Number : 7740Z
Ilika plc
23 September 2020
Ilika plc
("Ilika" or the "Company")
Framework Agreement with UK Battery Industrialisation Centre
Ilika (AIM: IKA), a pioneer in solid-state battery technology,
announces the signing of a framework agreement with the UK Battery
Industrialisation Centre (UKBIC) for the production of Goliath
solid-state pouch cells.
The framework agreement will support the of scale up of Ilika's
production of large-format solid-state lithium-ion cell technology,
which has the potential to transform the performance and safety of
domestic appliances as well as electric vehicles (EVs).
Currently operating from a pre-pilot production line capable of
producing 1kWh per week, Ilika has plans to scale up its current
site in Romsey, UK to an automated facility producing 10 kWh per
week by 2022. The next stage of scale-up will involve it reaching 5
MWh per week to satisfy increasing customer demand. The signing of
the framework agreement with UKBIC is a significant and important
step towards achieving that goal.
Solid-state technology is required to achieve the continuous
performance improvements expected by industry and consumers. Faster
charging times, higher energy density and longer lifetimes are all
benefits expected to be delivered by the transition to solid-state.
Many companies involved in the manufacture of cordless domestic
appliances are demanding performance exceeding the capability of
traditional lithium-ion technology. In the automotive sector, Ilika
is collaborating on three projects, supported by over GBP5m of
grant funding from the UK Government's Faraday Battery Challenge,
which is managed by Innovate UK.
UKBIC is a publicly-funded battery product development facility
in Coventry, in the West Midlands, which welcomes manufacturers,
entrepreneurs, researchers and educators. Support from UKBIC can be
accessed by any organisation with existing or new battery
technology so long as that technology brings 'green jobs' and
prosperity to the UK.
Jeff Pratt, Managing Director of UKBIC, stated : "I am delighted
that Ilika, one of the UK's leading companies in solid-state cell
production, will be working with us to develop their plans for the
industrialisation of their cell technology."
Graeme Purdy, Ilika's CEO, added : "Our Goliath programme is
perfectly aligned with the UK's Industrial Strategy and we intend
to work closely with the UK Battery Industrialisation Centre to
scale up our technology for market introduction in the most agile
manner possible."
For more information contact:
Ilika plc www.ilika.com
Graeme Purdy, Chief Executive Via Walbrook PR
Steve Boydell, Finance
Director
Liberum Capital Limited Tel: 020 3100 2000
Andrew Godber, Cameron
Duncan, William Hall, Nikhil
Varghese
Walbrook PR Ltd Tel: 020 7933 8780 / Ilika@walbrookpr.com
Tom Cooper Mob: 0797 122 1972
Lianne Cawthorne Mob: 07584 391 303
Nick Rome Mob: 07748 325 236
Notes to editor:
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.
The GBP130 million UK Battery Industrialisation Centre (UKBIC)
is a pioneering concept in the race to develop battery technology
for the transition to a greener future. The unique facility
provides the missing link between battery technology, which has
proved promising at laboratory or prototype scale, and successful
mass production. Based in Coventry, the publicly-funded battery
product development facility welcomes manufacturers, entrepreneurs,
researchers and educators, and can be accessed by any organisation
with existing or new battery technology - if that technology will
bring green jobs and prosperity to the UK.
UKBIC is a key part of the Faraday Battery Challenge (FBC), a
Government programme to fast track the development of
cost-effective, high-performance, durable, safe, low-weight and
recyclable batteries.
In addition to funding from the Faraday Battery Challenge
through UK Research and Innovation and the Industrial Strategy
Challenge Fund, UKBIC is also funded through a consortium of
Coventry City Council, Coventry and Warwickshire Local Enterprise
Partnership, and WMG, at the University of Warwick. UKBIC was
created in 2018 following a competition led by the Advanced
Propulsion Centre with support from Innovate UK.
Contacts
UKBIC: Richard.robinson@UKBIC.co.uk
Ilika: info@ilika.com
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