Curated News
By: NewsRamp Editorial Staff
May 13, 2024
Ilika CEO Discusses £3.4 Million Capital Raise for Goliath Solid-State Batteries
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- Investors have the opportunity to benefit from Ilika PLC's share placing and open offer, aiming to raise up to £3.4 million.
- Ilika PLC plans to use the capital injection to further develop its Goliath technology, upgrade dry room facilities, and enhance testing facilities for larger battery sizes.
- The capital raise will contribute to the development of Goliath solid-state batteries, which can lead to improved battery performance and energy density, ultimately benefiting the environment and energy sustainability.
- Ilika PLC CEO Graeme Purdy discusses the company's efforts to raise capital and collaborate with Tata Group subsidiary Agratas to evaluate Goliath technology, aiming to achieve lithium-ion energy density parity.
Impact - Why it Matters
Ilika's capital raise and technology development have the potential to revolutionize the battery industry, leading to advancements in energy density and performance. This could ultimately impact consumers through improved battery technology for various applications.
Summary
Ilika PLC CEO Graeme Purdy discusses a £3.4 million capital raise to fund the development of Goliath solid-state batteries. The company's collaboration with Tata Group subsidiary Agratas and plans to upgrade its facilities are highlighted as part of the company's strategic goals.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Ilika CEO Discusses £3.4 Million Capital Raise for Goliath Solid-State Batteries
