2nd Oct 2018 09:43
LONDON (Alliance News) - Shares rose in Ilika PLC on Tuesday as it said it has started the shipment of pre-launch evaluation samples of its mm-scale Stereax batteries.
Shares in the solid-state battery technology company rose 19% to 20.1663 pence on Tuesday.
The mm-scale battery, also known as Golden Hind, is designed for miniature medical implants, which stands for 50% of the current commercial opportunities in the Ilika's licensing pipeline.
Shipments have now commenced to global original equipment manufacturers in the US and Asia, and Golden Hind prototypes are currently undergoing parallel evaluation at Ilika's facility to fully qualify the cells for a product launch in early 2019.
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