(via NewsDirect)
Purdy told Proactive the company began the financial year with the shipment of its first stacked M300 miniature Stereax batteries, made in its
Additionally, the company's Goliath program, focusing on large-format solid-state batteries, achieved a critical development milestone, supported by a substantial grant from the Faraday Battery Challenge. The company's financial health also saw notable improvement, with it guiding for revenue of £1.3 million and a significantly narrower EBITDA loss, surpassing analysts' expectations.
Ending the half-year with £13.2 million in cash and equivalents, Purdy emphasised the company's effective fiscal management and technological advancements. Investors can anticipate an announcement regarding lithium-ion energy density parity, a significant technological milestone, confirming the effectiveness of
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