Curated News
By: NewsRamp Editorial Staff
April 24, 2024
Ilika PLC CEO Discusses 2024 Revenue Growth and Strategic Milestones
Discuss on Reddit
Discuss on SubstackTLDR
- Investors can participate in a Q&A session with Ilika on 26 April at 11am BST on the Investor Meet Company (IMC) platform.
- Ilika's financial performance for the year ending in April is expected to be in line with projections, with a significant revenue increase from £0.8 million to approximately £2 million.
- The Goliath batteries achieved a significant milestone, allowing them to start producing P1 prototypes for external evaluation, marking a technological advancement.
- Ilika PLC chief executive Graeme Purdy discusses the company's trading update and latest milestones with Proactive's Stephen Gunnion.
Impact - Why it Matters
The news is important for investors and stakeholders interested in Ilika PLC, as it provides insight into the company's financial performance, key milestones, and technological advancements. Additionally, it offers an opportunity for investors to engage with the company during the upcoming Q&A session. The progress and growth discussed by Graeme Purdy have the potential to impact the energy storage and technology sectors, making it relevant for industry professionals and enthusiasts.
Summary
Ilika PLC's chief executive, Graeme Purdy, provided a trading update, highlighting the company's expected financial performance, revenue increase, and key milestones. The growth is largely attributed to grant support for their Goliath development programme. Purdy also discussed the progress with their Goliath batteries, achieving lithium ion parity, and the advancement of their Stereax product following a tech transfer and licence agreement with Cirtec in the USA. Investors can participate in a Q&A session with Ilika on 26 April at 11am BST on the Investor Meet Company (IMC) platform.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Ilika PLC CEO Discusses 2024 Revenue Growth and Strategic Milestones
