Business
First Commercial Delivery to Cirtec Medical
Ilika plc has announced the successful completion of its first commercial delivery of Stereax electrode to Cirtec Medical, marking a significant step in its commercial progress. This initial order, which represents Ilika's first revenue-generating shipment to Cirtec, will support the production of Stereax M300 batteries for active implantable medical devices. The electrodes are intended for validation and customer sampling across various applications, including implanted sensors, neurostimulators, and orthopaedic implants. This milestone demonstrates Ilika's capability to deliver commercial-grade electrodes from its UK facility to support Cirtec's manufacturing activities, with expectations to ramp up supply to meet demand. Disclaimer*
About this update from Ilika Plc
10 March 2026 Ilika plc ('Ilika,' the 'Company,' or the 'Group') Ilika Announces Completion of First Commercial Delivery to Cirtec Medical Electrode delivery signals further commercial progress Ilika (AIM: IKA), the UK pioneer in solid state battery technology, announces it has successfully delivered its initial batch of commercial grade StereaxÒ electrode to Cirtec Medical (Cirtec) for Stereax M300 production. In January 2026, Ilika that Cirtec had initiated the commercial electrode supply arrangement with Ilika to support product manufacturing. Ilika has now fulfilled the initial order, its first revenue-generating order from Cirtec. The electrodes will be used in Stereax M300 batteries for validation and customer sampling across a wide range of active implantable medical device (AIMD) applications, including powering implanted sensors, neurostimulators, orthopaedic implants, orthodontic wearables and ophthalmology devices. Shawn Martin, Vice President at Cirtec Medical, said: "Our close technical cooperation with Ilika has developed into an effective operational partnership, ensuring our customers will receive the highest quality product for integration into their devices. " Graeme Purdy, CEO of Ilika, said: "This milestone demonstrates that Ilika's facility in the UK can deliver commercial-grade electrodes to support Cirtec's M300 manufacturing activities. We look forward to ramping our supply activities to meet customer demand." ENDS-- Enquiries: Ilika Plc Graeme Purdy, Chief Executive Jason Stewart, Chief Financial Officer www.ilika.com Via FTI Consulting Cavendish Capital Markets Limited (Nomad and Broker) Peter Lynch Neil McDonald +44 (0)131 220 9772 +44 (0)131 220 9771 FTI Consulting (Comms Advisors) Ben Brewerton Elizabeth Adams Dwight Burden [email protected] About Ilika plc Ilika is a global expert in the development of solid-state battery technology for electric vehicles, medical devices and consumer appliances. The Company's pioneering next-generation technologies aim to provide scalable, affordable alternatives to conventional batteries, to industries which need to incorporate a smaller, lighter, and safer power source in their products. The Company has two product lines. Its Stereax batteries are...