Ensurge Micropower ASA – Q4 2024
Rhea-AI Summary
Ensurge Micropower reports significant progress in Q4 2024, announcing near-resolution of microbattery energy leakage issues and advanced discussions for a joint development agreement with a Fortune 500 company focused on next-generation batteries with increased energy density. The company has implemented a 24/7 shift structure to support production ramp-up and successfully resolved battery stack encapsulation challenges through process optimization.
Technical achievements include reaching 90% stacking yield after cell testing for both 11- and 28-layer batteries, demonstrating production scalability and repeatability. The company reports a growing customer pipeline, strong strategic partnerships, and has filed five Invention Disclosure Records for patent applications. Their ultrathin, flexible solid-state lithium microbatteries, designed for the 1-100 mAh class, target applications in wearables, connected sensors, and IoT devices.
Positive
- Near resolution of microbattery energy leakage issues
- Advanced discussions with Fortune 500 company for next-generation battery development
- Achieved 90% stacking yield for both 11- and 28-layer batteries
- Successfully resolved battery stack encapsulation issues
- Growing customer pipeline
- Five new patent applications filed
Negative
- None.
Highlights
- Microbattery energy leakage issue close to being solved
- In advanced discussions about a joint development agreement with a Fortune 500 company for the next generation batteries significantly increasing energy density
- 24/7 shift structure implemented to enable production ramp-up
- Resolved the battery stack encapsulation issues through process optimization and material selection
- Achieved
90% stacking yield after cell test for both 11- and 28-layer batteries, and are therefore confident in both repeatability and scalability of the production process
- The batteries meet — and even exceed — stringent requirements for quality, durability, and scalability of the production process
- Growing pipeline of customers
- Continued strong collaboration with our strategic partners
- Issued five Invention Disclosure Records (IDRs) for patent applications
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.
Contact
Investor Relations
E-mail: IR@ensurge.com
Lars Eikeland, CEO at Ensurge
E-mail: lars.eikeland@ensurge.com
Attachment
FAQ
What technical milestones did ENMPY achieve in Q4 2024?
What is the status of ENMPY's production capabilities as of Q4 2024?
What strategic partnership is ENMPY pursuing in Q4 2024?
How many patent applications did ENMPY file in Q4 2024?
What is the target market for ENMPY's microbatteries?
