Ensurge Micropower Asa Stock Price, News & Analysis

Ensurge Micropower ASA (OTCQB: ENMPY) reported significant advancements in its Q4 update, focusing on the development of solid-state lithium microbatteries from its San Jose facility. The company successfully validated its production scalability and is on track to ship packaged samples shortly. In 2022, Ensurge aims to convert customer agreements into product revenue, expanding into medical wearables and industrial markets. With an expected total addressable market of 10 billion units, Ensurge's innovative battery technology promises enhanced performance for target markets including hearables and connected sensors.

Ensurge Micropower ASA announced the release of an investor presentation accompanying CEO Kevin Barber's webcast detailing the Third Quarter 2021 results, held on November 17, 2021. The presentation highlights Ensurge's innovative solid-state lithium battery technology, aimed at revolutionizing energy storage for wearable devices and connected sensors. The company's advanced production facility in Silicon Valley utilizes roll-to-roll manufacturing methods, enhancing its capacity to produce lightweight, cost-effective batteries. For more details, the presentation is available for download.

Ensurge Micropower ASA announced its Q3 2021 interim report on November 17, highlighting key achievements. The company built its first stacked batteries, marking a significant milestone towards customer samples. Ensurge signed a second customer agreement in the medical hearables market and is negotiating proposals in medical wearables and industrial applications. The company appointed manufacturing veteran Jay Tu as VP Operations. CEO Kevin Barber will provide further insights in a web conference on the same day.

Ensurge Micropower ASA will host a web conference on 17 November 2021 at 8:00 am CET, following the release of its Q3 2021 interim report. CEO Kevin Barber will discuss the company's technology, manufacturing, and go-to-market activities. The conference can be accessed online, and a recording will be available afterward on the company's investor relations website. Ensurge specializes in ultrathin, flexible, and safe energy storage solutions, focusing on solid-state lithium battery technology for wearable devices and connected sensors.

On 28 October 2021, Ensurge Micropower ASA announced the cancellation and forfeiture of 4,283,638 incentive subscription rights previously granted to employees and directors. Primary insiders including CEO Kevin Barber and CFO David Williamson forfeited significant rights without compensation. This follows a May 2021 announcement regarding the issuance of these rights. The forfeiture may impact investor sentiment, raising concerns over the company's compensation strategies and potential implications for future talent retention.

On 28 October 2021, Ensurge Micropower announced the cancellation of 4,283,638 incentive subscription rights originally granted to employees and board members. This follows the exercise expiry of Warrants B and C, resulting in a forfeiture of 3,426,910 rights held by employees and 856,728 by board members. Post-cancellation, a total of 193,865,731 subscription rights remain outstanding. The issuance of these rights was previously approved at the Annual General Meeting on 3 June 2021, reflecting a significant adjustment in Ensurge’s employee equity incentives.

On October 26, 2021, Ensurge Micropower ASA's board approved the issuance of 7,020,000 incentive subscription rights to employees under its 2021 plan. The rights have an exercise price of NOK 0.6873 per share, vesting by 50% annually over two years, and expiring on June 3, 2026. With this issuance, a total of 198,149,369 subscription rights are currently outstanding. This move aims to enhance employee incentives and align their interests with shareholders.

Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) has signed a customer agreement with a second global leader in the hearables market, enhancing its position in the industry. This follows previous agreements with other major players, allowing Ensurge to deliver solid-state microbatteries optimized for medical hearables devices. The total microbattery opportunity across various sectors is approaching $10 billion. Ensurge aims to deliver initial samples by Q4 2021 and ramp up production in 2022, leveraging innovative ultrathin steel technology for powerful and compact energy solutions.

Ensurge Micropower ASA announced the successful registration of share capital increases following the exercise of Warrants B and C, as previously disclosed on 25 August 2021. The new registered share capital amounts to NOK 192,114,763.72, divided into 1,746,497,852 shares, each with a par value of NOK 0.11. This update reflects the company's ongoing efforts in capital management and aligns with regulatory requirements under the Norwegian Securities Trading Act.