Ilika plc develops and commercializes solid state battery technology, focusing on two main product lines: Stereax and Goliath. Stereax batteries are designed for miniature medical devices and industrial IoT applications, offering high energy density and safety features. Goliath batteries target the automotive and consumer appliance sectors, providing improved range, energy density, and recyclability compared to traditional lithium-ion batteries. Ilika operates on an asset-light business model, emphasizing product development and licensing of its intellectual property to manufacturing partners globally.