Amprius Tech Stock Price, News & Analysis

Amprius Technologies, Inc. (NYSE: AMPX) will hold a conference call on May 10, 2023, at 5:00 p.m. Eastern Time to discuss its financial results for Q1 ended March 31, 2023. Financial results will be released prior to the call, which will also include a Q&A session. Interested parties can join via a toll-free number or an online webcast. The company, a leader in next-generation lithium-ion batteries, is known for its Silicon Anode Platform that delivers industry-leading energy density cells. Recently, Amprius signed a letter of intent for a new facility in Brighton, Colorado, to increase its manufacturing capacity to meet customer demand. This facility is expected to provide up to 5 GWh capacity.

Amprius Technologies (NYSE: AMPX), recognized for its innovative silicon anode technology, is set to enhance AeroVironment's (NASDAQ: AVAV) Switchblade 300 Block 20 tactical missile system by providing high energy density lithium-ion battery cells. This collaboration aims to increase flight time by over 50%, facilitating longer endurance and improved loitering capability. Amprius began supplying battery cells in 2022 and is committed to future deliveries. The Company is also expanding its manufacturing capabilities, having signed a letter of intent for a 774,000 square foot facility in Brighton, Colorado, to meet rising demand. The lightweight battery cells are expected to significantly enhance mission performance and operational range for military applications.

Amprius Technologies, Inc. (NYSE: AMPX) announced its fourth quarter and full year 2022 financial results, with a focus on its Silicon Anode Platform. The company outlined its business initiatives, including product roadmap milestones, manufacturing scale-up, and customer acquisition efforts. A significant development is the signed letter of intent for a new facility in Brighton, Colorado, potentially increasing manufacturing capacity by up to 5 GWh. Amprius is known for producing high-density lithium-ion batteries, achieving up to 450 Wh/kg and 1,150 Wh/L, significantly outperforming traditional graphite cells.

Amprius Technologies (NYSE: AMPX) has announced the verification of its next-generation lithium-ion battery cell, achieving an impressive energy density of 500 Wh/kg and 1300 Wh/L. This development positions Amprius as a frontrunner in the industry, with potential applications in aviation and electric vehicles, projected to exceed $100 billion in battery demand by 2025. The new battery cells are 200% more efficient than existing graphite cells, offering significant weight and volume advantages. Prototypes are set to be shipped to select customers this year, continuing the company's trend of delivering breakthrough energy solutions.