Ilika Launches ORKA Brand for Underwater Solid-State Batteries

Ilika plc has launched the ORKA brand to market its Goliath solid-state battery technology specifically for underwater applications, including autonomous underwater vehicles (AUVs). This strategic expansion utilizes the company's existing large-format battery platform. Following the announcement, broker Cavendish maintained a 'buy' rating on Ilika's stock with a target price of 118p.