Ilika plc
("Ilika" or the
"Company")
Capital Markets Day and Trading
Update
Retail investor Q&A being held at
new time of 11am BST on Friday 26 April 2024
Ilika (AIM: IKA), a pioneer in
solid-state battery technology, provides an update on trading ahead
of its Capital Markets Day, and announces that the Company will be
hosting a remote Q&A session for retail investors on the new
date and time of Friday 26 April 2024 at 11am BST.
Capital Markets Day
Hosted by Graeme Purdy, CEO, and
Jason Stewart, CFO, the event will be an
opportunity to learn more about Ilika and its product portfolio,
recent progress, financials and outlook. The team will also provide
commentary on market trends and the broader opportunity, with
participation from the management team as well as clients,
collaborators and external speakers discussing the solid-state
battery space. The presentation from the event will be uploaded to
the Ilika website here
at 14:00pm BST today.
Trading Update
Trading for the year ended 30 April
2024 ("FY 2024") has been in line with current market expectations
and the Company expects to generate revenue of approximately £2.0m
for FY 2024 (FY 2023: £0.8m). As announced on
24 November 2023, this figure reflects
a material increase in grant funding received during H1 of the
current financial year and, as expected, this was not replicated in
H2 due to the phasing of grant activity. Cash and cash equivalents
at 30 April 2024 are expected to be higher than expected and
approximately £11.0m (30 April 2023: £15.9m) due to the grant
funding income and cost reduction activity resulting from the
Cirtec contract and technology transfer activity.
Investor Q&A - New Date and
Time
The Company will post a video from its Capital
Markets Day for institutional investors to its website here:
https://www.ilika.com/investors/cmd2024
soon after the event. Investors are invited to watch the
presentation in their own time, ahead of a Q&A session which
will be held at the new time of 11am to midday BST Friday 26 April
on the Investor Meet Company ("IMC") platform.
Investors will be able to send questions in
advance of the event via the IMC platform and will also be able to
email questions on the day itself. Investors can sign
up for the event on 26 April 2024 via the following link:
https://www.investormeetcompany.com/ilika-plc/register-investor.
Investors who have already registered on the IMC
platform to meet the Company will automatically be
invited.
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For
more information contact:
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Ilika plc
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www.ilika.com
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Graeme Purdy, Chief Executive
Officer
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Via
Walbrook PR
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Jason Stewart, Chief Financial
Officer
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Liberum Capital Limited (Nomad and Joint
Broker)
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Tel: 020
3100 2000
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Andrew Godber, John More
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Nikhil Varghese, Josh Borlant
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Joh. Berenberg, Gossler & Co. KG (Joint
Broker)
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Tel: 020
3207 8700
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Matthew Armitt, Mark Whitmore,
Detlir Elezi,
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Natasha Ninkov
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Walbrook PR Ltd
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Tel: 020
7933 8780 / Ilika@walbrookpr.com
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Nick Rome, Charlotte Edgar, Joe
Walker
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About Ilika
plc - 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.