Ilika completes technology transfer to FCA subsidiary Comau

2nd Jul 2024 12:12

(Sharecast News) - Solid-state battery technology specialist Ilika announced a milestone in the development and commercialisation of its 'Goliath' large-format cells on Tuesday.

The AIM-traded company said it had successfully completed the technology transfer from its pilot production line in the UK to its manufacturing partner, Comau, a subsidiary of the Fiat Chrysler Automobiles (FCA) group.

It described the transition as a "critical step" in scaling up the production capacity for its solid-state batteries.

The technology transfer involved replicating the processes and techniques developed at Ilika's UK facility to ensure consistency and quality in the manufacturing of the Goliath cells.

Comau, known for expertise in industrial automation and manufacturing systems, was expected to start production at its facility, which would significantly enhance the production volumes and meet the growing demand for solid-state batteries.

The board said the partnership with Comau would leverage its extensive experience in automotive manufacturing to optimise the production process, aiming to deliver high-performance batteries suitable for electric vehicles (EVs) and other demanding applications.

Additionally, Ilika said it was progressing with plans to expand its UK facility to further support the development and pilot production of its Goliath cells.

The expansion was expected to enhance Ilika's capabilities in research and development, enabling continuous innovation and improvement of its solid-state battery technology.

"Following up on the encouraging results from our P1 test programme, we are delighted to be engaging with a portfolio of interested OEMs and tier-one companies on commercially sponsored evaluation trials," said chief executive officer Graeme Purdy.

At 1451 BST, shares in Ilika were up 1.36% at 25.34p.

Reporting by Josh White for Sharecast.com.