Truth_Sherpa
3 years ago
From Yahoo conversations regarding ILIKF
Tan
yesterday (was 12/06/21)
Received this from the company
First Stereax Micro Solid State Battery Manufacturing Facility Opened
Ilika (AIM: IKA), a pioneer in solid-state battery technology, is pleased to announce the official opening of its Stereax solid state battery manufacturing facility in Chandlers Ford, UK on Friday 3 December 2021. The new facility will manufacture Stereax micro batteries that are designed for powering next generation implanted medical devices and wireless sensors used in the Industrial Internet of Things.
The facility was opened by Rt Hon Steve Brine, MP and the Rt Hon Lord Willetts, former Minister of State for Universities and Science and author of the influential βEight Great Technologiesβ government policy. Representatives from the local council and the National Microelectronics Institute also supported the opening. The ribbon was cut to the new cleanrooms where a controlled environment will enable the manufacture of Stereax batteries to the desired reliability, yield and quality that will provide customers with a top-quality power source for their devices.
Ilika has been developing Stereax mm-scale batteries and this new facility will now enable manufacture at scale, ready for commercialisation from Q2 2022 of Ilikaβs first product, the Stereax M300 micro battery (300uAh, 5.6x3.6x0.9mm).
Rt Hon Steve Brine, MP stated: βI am delighted that Ilika has created this advanced facility in my constituency. Ilikaβs cutting edge technology and the opportunities that this manufacturing facility brings to the area are vital in supporting a diverse local economyβ
Ilika's CEO Graeme Purdy, stated: "We are very excited to open this new facility which will be the first of its kind in the UK and we are looking forward to selling Stereax micro batteries to markets that cannot be addressed with conventional batteries. Iβd like to thank all employees for their hard work and both our investors and Innovate UK for their continued support.β
DHaus
4 years ago
(Sharecast News) - Analysts at Berenberg initiated coverage on solid-state battery technology outfit Ilika at 'buy' on Thursday, stating the group was "taking batteries to the next level".
Berenberg stated Ilika was on the verge of ramping up commercial production of its small-form-factor Stereax batteries and had made "good progress" towards scaling production of its larger Goliath offering.
"Solid-state technology is expected to deliver a step-change in battery performance, including faster charging time, higher energy density, longer life, and improved safety. Against a backdrop of huge growth and investment in battery technology, and an expected plateau in what is possible from conventional technology, Ilika is exposed to huge markets actively looking for the new, improved next battery technology," said Berenberg.
The German bank also highlighted that accessing the electronic vehicle market would be "transformational" for Ilika, which already has "strong relationships" with automotive original equipment manufacturers and manufacturing partners.
While Berenberg said it thinks the company was still "at an early stage", it also believes the balance of risk and reward to be "compelling" and issued Ilika with a 275.0p target price.
"We have constructed long-term DCF scenarios for the FAB, UK BIC and various markets targeted by Ilika. A long-term view is needed; we forecast the company reaching profitability in FY 2025. However, our base case indicates a valuation of 275.0p, around 40% upside to the current price. Our low-case and high-case scenarios indicate a potential range of 31.0p-1,528.0p," concluded the analysts.
mokew
4 years ago
I found this on another board:
To be listed on the NASDAQ exchange and reporting system, the following requirements:
Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000