Ilika reiterates guidance as it notes share price surge

Ilika reiterated on Tuesday the full-year guidance it gave in November as it noted the rally in its share price.

The AIM-listed battery technology provider noted "the growing interest in solid state batteries in the media in recent weeks regarding their future potential in automotive applications".

Ilika said it was confident about the prospects for its Goliath larger format batteries, but cautioned that mass market commercialisation is dependent on further technical development and successful manufacturing scale-up.

The company’s interim results are due on 14 January.

At 1230 GMT, the shares were up 24% at 248p.