Ilika share price surges after product news

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Ilika share price surges after product news
Master Investor Magazine

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AIM-listed solid-state battery manufacturer Ilika (LON:IKA) has announced that its latest development product has hit record energy density levels. The company said that it’s new mm-scale battery was designed for use in medical implants and would be manufactured on its pilot line in Southampton.

CEO Graham Purdy commented: “This is the latest improvement in the processing of miniature Stereax cells. We are integrating our unique approach to materials deposition with standard semiconductor manufacturing technology to deliver best in class solutions“.

The price of shares in Ilika rose by 15.37% to 31.15p (as of 15:00 GMT).

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