Enovix Named CES 2024 Innovation Awards Honoree

Rhea-AI Summary

ENVX - Enovix Corporation Named CES® 2024 Innovation Awards Honoree for BrakeFlow™ Safety Technology. Enovix, a Nasdaq-listed advanced silicon battery company, has been recognized for its pioneering safety technology, BrakeFlow™, by the Consumer Technology Association (CTA)®. The technology aims to enhance safety in next-generation lithium-ion battery technology by incorporating a unique safety system inside the battery cell to reduce the risk of overheating. Enovix President and CEO, Dr. Raj Talluri, expressed gratitude for the recognition and emphasized the company's commitment to pioneering new innovations in high energy density batteries. The CES Innovation Awards program received a record number of over 3,000 submissions, highlighting the significance of Enovix's achievement. For more information on Enovix BrakeFlow technology, visit: https://www.enovix.com/brakeflow/

Positive

• Enovix's BrakeFlow™ technology being named a CES® 2024 Innovation Awards Honoree highlights the company's commitment to safety and innovation in lithium-ion battery technology.
• The recognition by the Consumer Technology Association (CTA)® signifies Enovix's leadership in developing high energy density batteries with enhanced safety features, positioning the company as a key player in the industry.

Negative

• None.

FREMONT, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced it has been named a CES^® 2024 Innovation Awards Honoree for its pioneering BrakeFlow^™ safety technology. The announcement of award winners was made ahead of CES 2024 in Las Vegas, NV, the world’s most powerful technology event.

The CES Innovation Awards program, owned and produced by the Consumer Technology Association (CTA)^®, is an annual competition honoring outstanding design and engineering in 29 consumer technology product categories. An elite panel of industry expert judges, including members of the media, designers, engineers and more, reviewed submissions based on innovation, engineering and functionality, aesthetic and design. This year’s CES Innovation Awards program received a record number of over 3,000 submissions.

Enovix BrakeFlow technology was designed to usher in a new level of safety in next-generation, high energy density lithium-ion battery technology. BrakeFlow is a unique safety system located inside the battery cell, which acts as a safety resistor to reduce the risk of overheating.

“We are honored that the CTA recognized BrakeFlow as a standout among consumer electronics technology innovations,” said Dr. Raj Talluri, President and CEO of Enovix. “Instead of a sudden catastrophic release of energy if the cell is damaged, with BrakeFlow incorporated, the battery is designed to discharge slowly and safely. Our team continues to pioneer new innovations like BrakeFlow, enabling high energy density batteries that also have high cycle and calendar life and the ability to fast charge. We believe traditional graphite batteries have plateaued, and our silicon anode lithium-ion batteries will power the technologies of the future.”

Enovix battery cells incorporate many intra-cell features to improve electrical, physical and environmental abuse tolerance over conventional lithium-ion cells. For more information on Enovix BrakeFlow technology, visit: https://www.enovix.com/brakeflow/

About Enovix
Enovix is on a mission to power the technologies of the future. Everything from IoT, mobile and computing devices, to the vehicle you drive, needs a better battery. The company’s disruptive architecture enables a battery with high energy density and capacity without compromising safety. Enovix is scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand. For more information visit www.enovix.com and follow us on LinkedIn.

About Consumer Technology Association
As North America’s largest technology trade association, CTA^® is the tech sector. Our members are the world’s leading innovators – from startups to global brands – helping support more than 18 million American jobs. CTA owns and produces CES^® – the most powerful tech event in the world. Find us at CTA.tech. Follow us @CTAtech.

About CES
CES^® is the most powerful tech event in the world – the proving ground for breakthrough technologies and global innovators. This is where the world's biggest brands do business and meet new partners, and the sharpest innovators hit the stage. Owned and produced by the Consumer Technology Association (CTA)^®, CES features every aspect of the tech sector. CES 2024 will take place Jan. 9-12, 2024, in Las Vegas. Learn more at CES.tech and follow CES on social.   

For media inquiries, please contact:

Enovix Corporation
Kristin Atkins
Phone: +1 (650) 815-6934
Email: katkins@enovix.com

For investor inquiries, please contact:

Enovix Corporation
Charles Anderson
Phone: +1 (612) 229-9729
Email: canderson@enovix.com

FAQ

What is Enovix Corporation known for?

Enovix Corporation is known for its advanced silicon battery technology and innovative safety features, such as the BrakeFlow™ technology.

What is BrakeFlow™ technology?

BrakeFlow™ technology is a unique safety system located inside the battery cell, designed to reduce the risk of overheating in next-generation lithium-ion batteries.

What is the CES Innovation Awards program?

The CES Innovation Awards program is an annual competition honoring outstanding design and engineering in consumer technology product categories, organized by the Consumer Technology Association (CTA)®.

How does Enovix aim to revolutionize battery technology?

Enovix aims to revolutionize battery technology by pioneering high energy density lithium-ion batteries with advanced safety features, such as BrakeFlow™, and the ability to fast charge.