Cavendish flags Ilika e-bike battery tie-up as potential market opener

Cavendish has highlighted a new joint development agreement between Ilika PLC (AIM:IKA, OTCQX:ILIKF, FRA:I8A), the solid-state battery developer, and Brompton Bicycles as a potential gateway to commercial licensing opportunities. The broker reiterated its 'buy' rating and 130p price target on shares currently trading at 27p (up 4% on the day).