Ilika CEO: 'Multiples' of first-year revenue expected as solid-state battery momentum builds

Ilika PLC (AIM:IKA, OTCQX:ILIKF, FRA:I8A) CEO Graeme Purdy tells Proactive's Stephen Gunnion that the company has crossed a significant milestone over the past year — delivering its first commercial Stereax revenue — and expects "multiples of that coming through in the year that we've just started."

Commercial-grade cathode material is now shipping to US partner Cirtec Medical, while the Goliath platform is attracting growing interest beyond electric vehicles, including defence applications and an e-bike collaboration with Brompton. EU battery electric vehicle sales rose 32.5% year-on-year, providing a strong tailwind for the technology.

With 27 evaluation agreements already generating modest sampling revenue, Purdy says the focus over the next 12 months is converting those relationships into larger-scale manufacturing agreements.

Watch the full interview for insights into Ilika’s commercial roadmap, battery technology strategy and upcoming milestones ahead of its FY2026 results in July.

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