Amprius Delivers High-Volume Silicon Anode Cell Shipment to Korean Aerospace Research Institute
March 05 2024 - 7:30AM
Business Wire
Partnership Strengthens Amprius’ Position as
the Premier Solution for High-Altitude Pseudo-Satellite (HAPS)
Applications
Amprius Technologies, Inc. (“Amprius” or the
“Company”) (NYSE: AMPX), a leader in next-generation
lithium-ion batteries with its Silicon Anode Platform, today
announced it completed a high-volume shipment of SiMaxx™ cells to
the Korean Aerospace Research Institute (“KARI”),
known as the aeronautics and space agency of South Korea, further
strengthening Amprius’ position as the premier global battery
solution for HAPS applications.
“This partnership with KARI achieves several of our goals,
including validating our innovative technology on a global scale
and highlighting our ability to provide industry-leading HAPS
solutions,” said Dr. Kang Sun, CEO of Amprius Technologies. “We
remain committed to delivering unmatched battery performance for
the future of aerospace technology and look forward to our
continued efforts in collaboration with the KARI team in the
future.”
In December 2023, Amprius completed a volume shipment of its 450
Wh/kg SiMaxx cells to KARI to power their solar-powered
stratospheric full-scale vehicle. Amprius SiMaxx cells are designed
to reduce weight and increase aircraft flight distance range
significantly. SiMaxx cells are the only known commercially
available batteries that can provide enough power and endurance for
HAPS overnight stratospheric flight applications and can enable
higher payloads and operation in both all seasons and higher
latitudes. These cells are also customizable, ensuring tasks are
executed according to a company’s specifications while providing
greater flexibility to meet specific energy and power needs,
ultimately enhancing performance effectiveness and efficiency.
“Our pursuit of groundbreaking stratospheric missions demands
cutting-edge energy solutions to meet stringent performance
criteria," said Seung-jae Hwang, Project Manager of KARI’s Solar
HALE project. "Integrating Amprius' ultra-high-energy density
batteries into our solar-powered electrical aerial vehicle allows
us to significantly enhance the overall performance and viability
of our missions while redefining the cargo capability and extending
flight durations in the stratosphere."
Amprius’ 450 Wh/kg custom cell form factors are positioned to
improve performance across several applications, including electric
aviation (high-energy drones such as HAPS) as well as high-energy
storage applications for the military. These 450 Wh/kg cells are
expected to be manufactured in large-scale production at Amprius’
facility in Colorado, targeted to be operational in 2025.
For more information, please visit the Company’s investor
relations website at ir.amprius.com.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of
high-energy and high-power lithium-ion batteries producing the
industry’s highest known energy density cells. The company’s
commercially available SiMaxx™ batteries deliver up to 450 Wh/kg
and 1,150 Wh/L, with third party validation of 500 Wh/kg and 1,300
Wh/L. The company’s corporate headquarters is in Fremont,
California where it maintains an R&D lab and a MWh scale
manufacturing facility for the fabrication of silicon anodes and
cells. To serve customer demand, Amprius entered into a lease
agreement for an approximately 774,000 square foot facility in
Brighton, Colorado and expanded its product portfolio to include
the SiCore™ platform. For additional information, please visit
amprius.com. Also, see the company’s LinkedIn and Twitter
pages.
About KARI
KARI is contributing to the solid development of the national
economy and improvement of people's lives through new exploration
and technological advancement, development, and dissemination in
the field of aerospace science and technology. Its main missions
are to research and develop systems and core technologies for
aircraft, satellites, and space launch vehicles, and to support the
development of national aerospace policies.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, each as
amended. Forward-looking statements may be identified by the use of
words such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“expect,” “anticipate,” “believe,” “seek” or other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding the performance and potential applications of
Amprius’ batteries, the timing and ability of Amprius to build a
large-scale manufacturing facility and increase its manufacturing
capacity, and the batteries to be produced at Amprius’ large-scale
manufacturing facility. These statements are based on various
assumptions, whether or not identified in this press release, and
on the current expectations of Amprius’ management and are not
predictions of actual performance. Actual results could differ
materially from these forward-looking statements as a result of
certain risks and uncertainties. These forward-looking statements
are subject to a number of risks and uncertainties, including
delays in permitting, construction and operation of production
facilities; Amprius’ liquidity position; risks related to the
rollout of Amprius’ business and the timing of expected business
milestones; Amprius’ ability to commercially produce high
performing batteries; the effects of competition on Amprius’
business; supply shortages in the materials necessary for the
production of Amprius batteries; and changes in domestic and
foreign business, market, financial, political and legal
conditions. For more information on these risks and uncertainties
that may impact the operations and projections discussed herein can
be found in the documents we filed from time to time with the
Securities and Exchange Commission (the “SEC”), all of which are
available on the SEC’s website at www.sec.gov. There may be
additional risks that Amprius does not presently know or that
Amprius currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Amprius’ expectations, plans or forecasts of future events
and views as of the date of this press release. These
forward-looking statements should not be relied upon as
representing Amprius’ assessments as of any date subsequent to the
date of this press release. Accordingly, undue reliance should not
be placed upon the forward-looking statements. Except as required
by law, Amprius specifically disclaims any obligation to update any
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240305685669/en/
Investors Tom Colton, Chris Adusei-Poku Gateway Group,
Inc. 949-574-3860 IR@amprius.com Media Zach Kadletz, Brenlyn
Motlagh Gateway Group, Inc. 949-574-3860
Amprius@Gateway-grp.com
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