Ensurge Micropower ASA – 3Q 2024
November 12 2024 - 12:00AM
UK Regulatory
Ensurge Micropower ASA – 3Q 2024
Highlights
Significantly improved stacking yield.
Currently building 5-, 11- and 28-layer batteries
on
10 µm substrate.
Manufacturing volume doubled in Q3 2024,
enabling
much faster learning cycles, and thus the ability
to resolve defect issues at a much faster pace. We
expect to double manufacturing volume again in
Q4 2024.
On schedule to implement 24/7 production in
Q1 2025 to further ramp up production.
Testing multiple materials for final encapsulation
and
close to selecting the optimal solution.
Pulse rate and charging time have improved
significantly compared to original target
specifications.
Cooperating closely with our strategic
partners/
customers to prepare them for testing our sample
batteries as soon as they are shipped.
Exploring new form factors and materials to
further
improve performance in our next generation of
batteries, opening up new target applications.
Undertaking a collaboration project with a US
Fortune 500 company for next-generation batteries.
Attracted strong talent in the San Jose area to
build
the organization to be ready for further expansion.
About Ensurge
Micropower:
Ensurge is Energizing Innovation (TM) with the first ultrathin,
flexible, reliable, and fundamentally safe solid-state lithium
microbattery for the 1 to 100 milliampere-hour (mAh) class of
wearable devices, connected sensors, and beyond. The innovative
Ensurge Microbattery enables energy-dense rechargeable products
that are ideal for form-factor-constrained applications including
hearables (hearing aids and wireless headphones), digital and
health wearables, sports and fitness devices, and IoT sensor
solutions that use energy harvesting to power everyday things. The
company's state-of-the-art manufacturing facility, located in the
heart of Silicon Valley, combines patented process technology and
materials innovation with the scale of roll-to-roll production
methods to bring the advantages of Ensurge technology to
established and expanding markets.
For more information, please contact:
Lars Eikeland, Chief Executive Officer
E-mail: lars.eikeland@ensurge.com
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
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