Ilika fundraise and retail offer: CEO Graeme Purdy explains the opportunity

Ilika PLC (AIM:IKA, OTCQX:ILIKF, FRA:I8A) CEO Graeme Purdy joined Proactive's Stephen Gunnion to discuss the company's £0.5 million offer to retail investors, made on the same terms as its £4.56 million institutional placing, and how the combined proceeds will drive commercialisation of its two solid-state battery platforms, Stereax and Goliath. Around £2 million is earmarked for Stereax, supporting technology transfer with US partner Cirtec, customer validation and product deliveries, activities Purdy expects to trigger Ilika's initial royalty payments. The remainder will advance the Goliath programme, funding optimisation of its 10Ah prototype cells and development of low-volume manufacturing capability for electric vehicles, defence and other markets. Customer feedback on the 10Ah prototypes has been positive, including comments on their suitability for defence applications. Purdy said both product lines have reached "that inflexion point where commercial reality and commercial opportunities are maturing," adding that retail investors and management are "absolutely laser focused on commercialisation." He described the next 12 to 18 months as a critical period for converting development progress into commercial results. Watch the full interview to hear why Purdy believes Ilika has reached a commercial inflexion point and what investors should expect next from both battery platforms. Visit the Proactive YouTube channel for more company interviews and market insights. If you enjoyed this video, please give it a like, subscribe to the channel and enable notifications so you never miss future content. #Ilika #GraemePurdy #SolidStateBatteries #BatteryTechnology #Stereax #Goliath #EVBatteries #MedicalDevices #BatteryInnovation #DefenceTechnology #RetailInvestors #Fundraising #AIM #Investing #ProactiveInvestors