REG - Ilika plc - First Customer Shipment of Stereax® Batteries

IlikaAnnouncement

11/04/2023 07:00

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RNS Number : 6996V  Ilika plc  11 April 2023

Ilika plc

("Ilika" or the "Company")

 

First Customer Shipment of Stereax® Batteries from UK Manufacturing Facility

 

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces it
has made its first customer shipment of Stereax® batteries from its UK
manufacturing facility. This shipment is the first of a series of planned
deliveries to customers over the coming months. The first shipment consists of
a batch of single layer Stereax® M50 cells, which Ilika has allocated to its
customer Blink Energy, the provider of device-agnostic power and
communications platforms for any ocular device. The M50 cells can be used
individually, but they are also the building blocks for Ilika's M300
batteries, which are constructed from six M50 cells connected in parallel.
Forthcoming Stereax® customer deliveries will also include M300 batteries.

 

The ultra-thin profile of M50 cells is of particular benefit to Blink Energy,
which is designing products to power and connect smart ocular devices. Blink
Energy's aim is to resolve unmet needs of patient compliance, reliability,
connectivity, and pricing of the smart contact lens market. Blink Energy's
solution, Blink IT™ (a smart patch device), fits onto the eyelid epicanthal
fold, and contains a designated power and communication platform that
wirelessly connects a smart lens to a mobile app.

 

Further to Ilika's announcement of 16 January 2023, Ilika and Cirtec Medical
LLC ('Cirtec'), a strategic outsourcing partner of complex medical devices
including minimally invasive and active implantable devices, are currently
finalising the terms of their intended partnership. Ilika and Cirtec have
signed a memorandum of understanding ('MOU') which outlines the transfer of
Stereax® mm-scale battery manufacturing to Cirtec's facility in Lowell,
Massachusetts, U.S. Following the transfer, Ilika will focus on advanced
technology development and IP licensing in support of Cirtec's manufacturing
and commercialisation activities.

 

Graeme Purdy, Ilika's Chief Executive Officer said: "We are delighted to have
begun fulfilling our commitments to customers by shipping batteries from our
UK facility. Starting with Blink Energy, we look forward to further supporting
our customers' product roadmaps for miniature medical devices and industrial
IoT applications. Our relationship with Cirtec will further support commercial
ramp-up in due course".

 

Yariv Bar-on, Blink Energy co-founder and Chief Executive Officer, commented:
"We are looking forward with great anticipation to the arrival of the first
batch of Ilika's Stereax® cells. These are miniature batteries that offer the
optimal form factor and power density necessary to power and facilitate
communication for Blink's platform of smart ocular devices. As we continue to
develop our product offerings, we eagerly anticipate evaluating the Stereax®
cells to determine their potential impact."

 

 For more information contact:
 Ilika plc                                               www.ilika.com (http://www.ilika.com/)
 Graeme Purdy, Chief Executive                           Via Walbrook PR

 Liberum Capital Limited (Nomad and Joint Broker)        Tel: 020 3100 2000
 Andrew Godber,
 William Hall, Nikhil Varghese

 Joh. Berenberg, Gossler & Co. KG (Joint Broker)         Tel: 020 3207 8700
 Matthew Armitt, Mark Whitmore, Detlir Elezi,
 Mara Grasso

 Walbrook PR Ltd             Tel: 020 7933 8780 / Ilika@walbrookpr.com
 Lianne Applegarth                                       Mob: 07584 391 303
 Nick Rome                                               Mob: 07748 325 236
 Tom Cooper                                              Mob: 07971 221 972

 

About Ilika Technologies

Ilika specializes in the development of solid-state batteries. Its Stereax®
product line is designed for miniature medical implants and specialist
internet of Things (IoT) applications. Stereax® enables disruptive product
designers looking for an intrinsically safe, long life (1000s recharges), low
leakage (nA) and miniature power source in a rectangular form factor similar
to ICs. For more information about Ilika, please visit:
https://www.ilika.com (https://www.ilika.com) .

 

About Blink Energy

Blink Energy is located in Haifa, Israel. Blink's ground-breaking and patented
technology accelerates the adoption of intelligent ocular devices, reducing
their time-to-market and total cost of ownership, with a minimal footprint.
For further information please visit: https://www.blinkenrg.com/

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