Ilika Achieves Key Milestones in Stereax and Goliath Solid-State Battery Programs
TL;DR
Ilika's Stereax M300 battery production line is qualified, targeting Q4 2025 deliveries. Goliath 2Ah cells are validated, with larger prototypes shipping soon. The company expects revenue and losses while focusing on future milestones.
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Ilika CEO Graeme Purdy reported key milestones in the company's Stereax and Goliath solid-state battery programs. The Stereax M300 micro-battery production line has completed process qualification and is targeting initial commercial deliveries in Q4 2025. Customer testing has validated Goliath 2Ah P1 cells, with 10Ah prototypes to ship in December and 50Ah prototypes to follow based on market demand. Ilika expects revenue of £0.6 million and an EBITDA loss of £3.2 million for the period. The company remains encouraged by customer engagement and is positioned for technical and commercial milestones in 2026 and beyond.
