Ensurge Micropower ASA – 3Q 2024
Rhea-AI Summary
Ensurge Micropower reports significant progress in Q3 2024, highlighting improved stacking yield and doubled manufacturing volume. The company is currently producing 5-, 11- and 28-layer batteries on 10 µm substrate, with plans to double production volume again in Q4 2024. The company is preparing for 24/7 production implementation in Q1 2025. Technical improvements include enhanced pulse rate and charging time exceeding original specifications. Notably, Ensurge has initiated a collaboration with a US Fortune 500 company for next-generation batteries and is strengthening its talent pool in San Jose for future expansion.
Positive
- Manufacturing volume doubled in Q3 2024
- Plans to double manufacturing volume again in Q4 2024
- Technical improvements exceeding original specifications
- New collaboration with US Fortune 500 company
- On track for 24/7 production implementation in Q1 2025
Negative
- None.
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.
Attachment
FAQ
What manufacturing improvements did Ensurge Micropower (ENMPY) achieve in Q3 2024?
When will Ensurge Micropower (ENMPY) implement 24/7 production?
What new partnership did Ensurge Micropower (ENMPY) announce in Q3 2024?
