Ilika announced it has broadened its relationship with Cirtec Medical ('Cirtec'), by signing a memorandum of understanding ('MOU') which outlines the transfer of Stereax mm-scale battery manufacturing to Cirtec's facility in Lowell, Massachusetts, U.S. Ilika will focus on advanced technology development and IP licensing in support of Cirtec's manufacturing and commercialisation activities. This partnership will reinforce Cirtec's ongoing activities in system level miniaturisation for the medical device industry. Benefits of this partnership, to Ilika, include: Further validation of Stereax's capabilities.

Manufacturing partnership delivering economy of scale and ability to rapidly ramp production. Expanded business development team bringing additional commercial momentum. In due course Ilika and Cirtec envisage signing a contract once the terms of the partnership have been finalised and a further announcement will be made at this time.