Ensurge Micropower ASA - 1H 2024

Rhea-AI Summary

Ensurge Micropower ASA (ENMPY) has reported significant progress in its solid-state lithium microbattery technology for the first half of 2024. The company has shipped its first 10 μm multi-layer Solid-State Lithium Batteries (SSLBs) to a strategic partner and delivered samples to a Global Fortune 500 medical-device company. Ensurge is nearing its targets for energy density, charge cycles, and production yield.

The company has made groundbreaking innovations in its production process, enhancing efficiency and simplicity, for which it is seeking patent protection. Recent testing demonstrates high pulse current capability, up to 12.5C, exceeding current specifications for Bluetooth measurement monitoring devices. This capability stems from Ensurge's unique battery architecture, material set, and process technology integration.

Positive

• Shipped first 10 μm multi-layer Solid-State Lithium Batteries to strategic partner
• Delivered samples to Global Fortune 500 medical-device company
• Close to achieving targets for energy density, charge cycles, and production yield
• Developed groundbreaking innovations in production process, seeking patent protection
• Demonstrated high pulse current capability up to 12.5C, exceeding current specifications

Negative

• None.

Highlights

•  On 22 April 2024 we announced that we shipped the first 10 μm multi-layer Solid-State Lithium Batteries (SSLBs) to one of our strategic partners for testing according to a pre-committed agreement. 
•  On 27 June 2024 we announced delivery of samples to a customer within the Global Fortune 500 medical-device company in line with the evaluation agreement signed and announced on 25 October 2023. 
•  Close to achieving our targets for energy density (Wh/L), charge cycles, production- and cycling-yield.  
•  There have been several groundbreaking innovations making the production process simpler and more efficient than we had originally foreseen, for which we are seeking patent protection.
•  Our most recent mAh battery device characterization demonstrates a very high pulse current capability, up to 12.5C on demanding Bluetooth measurement monitoring devices, significantly exceeding current specification. This extreme capability is the result of our unique battery architecture, material set and process technology integration.

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. 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 

Contact 

Investor Relations E-mail: 

IR@ensurge.com 

Lars Eikeland, CEO at Ensurge E-mail: 

lars.eikeland@ensurge.com 

Attachment

• Ensurge_Final

FAQ

What major milestones did Ensurge Micropower (ENMPY) achieve in 1H 2024?

Ensurge Micropower shipped its first 10 μm multi-layer Solid-State Lithium Batteries to a strategic partner on April 22, 2024, and delivered samples to a Global Fortune 500 medical-device company on June 27, 2024.

What technological advancements has Ensurge Micropower (ENMPY) made in its battery production?

Ensurge has made groundbreaking innovations in its production process, making it simpler and more efficient. The company is seeking patent protection for these innovations. Additionally, their batteries have demonstrated high pulse current capability up to 12.5C, exceeding current specifications.

How close is Ensurge Micropower (ENMPY) to achieving its battery performance targets?

According to the press release, Ensurge is close to achieving its targets for energy density (Wh/L), charge cycles, production- and cycling-yield in its solid-state lithium microbattery technology.

What markets is Ensurge Micropower (ENMPY) targeting with its microbattery technology?

Ensurge is targeting the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and IoT applications. This includes hearables, digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting.