ILIKA PLC

Regulatory Filings • Aug 24, 2021

National Storage Mechanism | Additional information

RNS Number : 5202J

Ilika plc

24 August 2021

Ilika plc

("Ilika" or the "Company")

Stereaxâ Manufacturing Update

Ilika (AIM: IKA), a pioneer in solid-state battery technology, provides an update on progress towards implementing Ilika's Stereax manufacturing plans.

Ilika's prime contractor has successfully completed the construction of Ilika's 340 m2 cleanroom at its 1600m2 Stereax manufacturing facility and has now handed over site control to Ilika's operational team. The key deposition tools, previously referred to as "Tool 1" and "Tool 2", as well as the principal etching equipment, have completed their factory acceptance tests and have been delivered to site for facilitisation prior to the start of site acceptance testing and the commencement of process qualification.

Process qualification will continue through Q4 2021, with product qualification expected to take place in Q1 2022, supporting the commencement of product sales from Q2 2022.

Recruitment of the Stereax manufacturing team leaders has been completed, under the leadership of Paul Marron, Ilika's Technology Transfer and Manufacturing Director.

Ilika continues to engage with its portfolio of customers from the Industrial IoT and medical device sectors, including through the provision of Stereax samples from Ilika's pilot line.

Ilika's CEO Graeme Purdy, stated: "Progress on site has been very gratifying to see over the summer and, despite significant global disruption to supply chains, the Ilika team, our vendors and suppliers have worked very hard to deliver our planned project implementation schedule."

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

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