Ilika PLC on Thursday reported its first shipment of Stereax M300 stacked batteries to customers from its UK manufacturing facility.

Ilika shares rose 9.6% to 49.30 pence each in London on Thursday morning.

The Hampshire, England-based solid-state battery technology developer explained that ‘the small form factor of M300 batteries is of particular interest to Ilika’s customers due to their compact, high-density and high-power characteristics.

One of the customers is CubeWorks, a developer of millimetre-scale smart sensing solutions for ’internet of things’ applications. Another customer is Lura Health, a developer of wearable intraoral biosensors for salivary diagnostics.

Ilika Chief Executive Officer Graeme Purdy said: ’CubeWorks and Lura Health are strong examples of breakthrough technology being enabled by Stereax products. We will work closely with Cirtec to jointly market Stereax technology and ramp up production capacity to support our customers’ needs going forward.‘

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