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Operational Progress update

4th December 2015

Since the Company’s AGM on 30 September 2015, Ilika’s flagship solid-state battery development programme has continued to make progress in accordance with the product roadmap. Ilika is currently focused on manufacturing micro-battery prototypes designed to power wireless sensors for applications across the ‘Internet of Things’ (“IoT”) market. In accordance with the objectives outlined previously, the performance data generated by Ilika’s batteries has been shared with a group of potential OEM partners for their evaluation, enabling them to draw up detailed specifications for specific battery architectures for their proprietary products. The specifications vary by application but can broadly be grouped into:

Ilika continues to deploy operational resources on this development programme to ensure the Company proceeds in line with our roadmap.
Ilika also continues to progress other programmes in its portfolio, in particular the development of aerospace alloys, in collaboration with partners including Rolls Royce, GKN and BAE Systems.

Graeme Purdy, CEO of Ilika, commented: “The hard work invested by our operational team in manufacturing and characterising prototype batteries this year has been reinforced by positive feedback from potential
commercial partners. The feedback from those partners builds confidence that our technology will be in a strong position to address Significant commercial opportunities going forward.”

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