Ilika begins generating commercial revenue from solid-state batteries

Ilika PLC (AIM:IKA, OTCQX:ILIKF, FRA:I8A), the solid-state battery developer, has reported its first commercial revenue from its miniature Stereax battery range as it provided a trading update. The company secured its first revenue-generating purchase order in January from Cirtec Medical, its US manufacturing partner, for the supply of Stereax electrodes, and successfully delivered the initial batch in March.