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Amprius Technologies, Inc. (NYSE: AMPX) is an industry leader in the production of high-energy and high-power lithium-ion batteries. The company specializes in silicon anodes to create the highest known energy density cells. These advanced batteries are notably applied in aviation, particularly for unmanned aerial systems (UAS) such as drones and high-altitude pseudo satellites (HAPS). Based in Fremont, California, Amprius combines cutting-edge research and development with a robust manufacturing facility to meet the growing demand for electric mobility solutions.
Recently, Amprius has expanded its manufacturing capabilities significantly. The company has increased its silicon nanowire anode production at its Fremont headquarters, allowing for a tenfold capacity growth in producing its ultra-high-energy density SiMaxx™ cells. This expansion is aimed at addressing the burgeoning demand in electric mobility applications, demonstrating Amprius' commitment to innovation and scalability.
Amprius' SiMaxx™ batteries offer unparalleled performance, delivering energy densities of up to 450 Wh/kg and 1,150 Wh/L. Furthermore, third-party validations have confirmed these batteries can achieve up to 500 Wh/kg and 1,300 Wh/L. These batteries are indispensable for applications requiring high endurance and reliability, such as military operations and commercial aviation. The company has also introduced the SiCore™ platform, broadening its product range to serve a variety of high-demand sectors.
Strategic partnerships are a cornerstone of Amprius' growth strategy. Collaborations with notable entities like BAE Systems and AALTO HAPS underline the company's impact on high-altitude and long-endurance technologies. These partnerships not only validate Amprius' technological advancements but also ensure a steady pipeline of commercial orders and industry support.
Amprius' commitment to quality and innovation is further evidenced by its collaboration with the U.S. Army. The company has successfully integrated its SiMaxx™ safe cells into the Army's next-generation wearable battery packs, doubling the energy density of current solutions. This achievement highlights Amprius' role in advancing military technology, ensuring that soldiers have reliable, high-performance power solutions in the field.
Financially, Amprius remains strong, with ongoing efforts to secure additional funding and investment to support its expansion plans. The company is also actively engaging with investors and the public through various conferences and strategic events to maintain transparency and foster growth.
For more details, visit the company's investor relations website at ir.amprius.com.
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has received a notice from the New York Stock Exchange (NYSE) on September 19, 2024, indicating non-compliance with continued listing criteria. The issue stems from the average closing price of Amprius' common stock falling below $1.00 over a consecutive 30 trading-day period.
This notice is a deficiency notification, not a delisting action, and does not currently affect the listing or trading of Amprius' stock on the NYSE. The company has a six-month cure period to regain compliance by achieving a closing price of at least $1.00 per share on the last trading day of any calendar month during this period, along with an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month or the cure period.
Amprius intends to remain listed on the NYSE and is exploring all available options to regain compliance. The notice does not impact the company's ongoing business operations or SEC reporting requirements.
Amprius Technologies (NYSE: AMPX) has signed a non-binding Letter of Intent (LOI) with a Fortune Global 500 technology OEM to develop high-energy SiCore™ cylindrical cells for Light Electric Vehicle (LEV) applications. The potential agreement could result in battery production orders exceeding 2 GWh over a 5-year period. Amprius aims to deliver cells with a 25% capacity improvement over current industry standards, significantly enhancing LEV range and performance.
Amprius has secured over 125 million SiCore cylindrical cell annual production capacity through contract manufacturing partnerships, with additional capacity expected in 2025. The company will begin shipping the first group of SiCore cylindrical cells for this application this year. This partnership demonstrates Amprius' ability to improve product range across various industries and marks its entry into the rapidly growing LEV market, projected to reach $205.7 billion by 2032.
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has announced its schedule for September 2024 events. The company will participate in several key industry conferences:
1. Commercial Unmanned Aerial Vehicle (CUAV) Expo in Las Vegas (Sept 3-5)
2. 2024 Gateway Conference in San Francisco (Sept 4)
3. H.C. Wainwright 26th Annual Global Investment Conference in New York (Sept 9-11)
4. DroneX in London (Sept 24-25)
5. The Oppenheimer Innovating Sustainability Summit (Virtual, Sept 24)
At these events, Amprius will exhibit its products, and its leadership team, including CEO Dr. Kang Sun and CFO Sandra Wallach, will be available for one-on-one meetings with investors and industry professionals.
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has appointed Tony Satterthwaite as an independent director to its Board of Directors, effective August 13, 2024. Satterthwaite, a transportation industry veteran with over 30 years of global power generation experience, will also join the Board's Compensation Committee. He brings valuable expertise in building brands and addressing customer needs across power generation, EV, and broader transportation markets.
Satterthwaite is currently a Senior Vice President at Cummins, Inc. and serves on the boards of IDEX , The Chemours Company, and the National Association of Manufacturers. This appointment follows his election to Amprius' Advisory Council in September 2023. Concurrently, Mary Gustanski has stepped down from the Amprius Board, effective August 12, 2024. The board will maintain seven directors, with six being independent.
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, is set to present at the 2024 Annual Gateway Conference on September 4th at 1:00 p.m. PT. The event will take place at the Four Seasons Hotel in San Francisco, CA. Amprius' presentation will be webcast live and available for replay.
Key points:
- CEO Dr. Kang Sung and CFO Sandra Wallach will be available for one-on-one meetings
- The conference runs from September 4-5, 2024
- Investors can request invitations or schedule meetings via email
- Amprius specializes in Silicon Anode Platform technology for lithium-ion batteries
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has released its Q2 2024 business and financial results. The company has posted a detailed shareholder letter on its Investor Relations website, covering new high-performance battery deliveries, development of large manufacturing capabilities, and engagements with new customers and market segments.
A live conference call and webcast is scheduled for 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss financial results and business updates. Investors can join via toll-free number 888-428-7458 or international number 862-298-0702. The webcast will be available for replay on the company's website.
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has announced its schedule for August 2024 events. The company will participate in two key virtual events:
1. UBS Energy Transition Call Series on August 14, 2024, at 8:00 a.m. PT/11:00 a.m. ET. CEO Dr. Kang Sun and CFO Sandra Wallach will discuss Amprius' business, technology, and market outlook with UBS analyst John Windham.
2. 13th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1×1 Conference on August 19-20, 2024. Dr. Sun and Ms. Wallach will conduct one-on-one meetings with investors during this event.
These events provide opportunities for Amprius to engage with analysts and investors, showcasing its Silicon Anode Platform technology and market position in the advanced battery sector.
Amprius Technologies (NYSE: AMPX) has been awarded a $1.9 million contract by the U.S. Army to develop a large form factor 500 Wh/kg SiMaxx™ high-energy cell for electric mobility applications in the defense sector. This 18-month project is part of the xTechPrime Competition, where Amprius partnered with AeroVironment (AV) for AV's high altitude pseudo satellite (HAPS). The 500 Wh/kg SiMaxx cell offers double the energy of conventional cells, providing approximately 1300 Wh/L. This marks Amprius' tenth collaboration with the Department of Defense, highlighting the growing demand for their next-generation battery solutions in military applications.
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, has announced its upcoming second quarter 2024 earnings call. The conference call and webcast are scheduled for Thursday, August 8, 2024, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). The company will release its financial results for the quarter ended June 30, 2024, prior to the call.
Investors and analysts can join the call using the toll-free number 888-428-7458 or the international number 862-298-0702. A webcast of the call will also be available. Amprius management will host the presentation, which will be followed by a question-and-answer session.
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has announced the completion of its Offer to Exchange for outstanding private placement warrants. The offer, which expired on July 23, 2024, saw 98% of the warrants validly tendered, totaling 15,600,000 warrants. In exchange, Amprius will issue 3,073,200 shares of common stock on or about July 25, 2024.
The exchange offer was made under a Registration Statement on Form S-4, which the SEC declared effective on July 8, 2024. This move simplifies Amprius' capital structure by converting warrants into common stock, potentially reducing dilution risk for existing shareholders.
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