Welcome to our dedicated page for Enovix Corporation news (Ticker: ENVXW), a resource for investors and traders seeking the latest updates and insights on Enovix Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Enovix Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Enovix Corporation's position in the market.
Enovix Corporation (Nasdaq: ENVX, ENVXW) announced the successful manufacturing of battery cells from its first automated factory in Fremont, California. This milestone supports the company's goal of delivering batteries with up to 110% greater energy density. The innovative roll-to-stack assembly method enhances production efficiency, crucial for high-energy density applications in consumer electronics, particularly Augmented Reality (AR) glasses. Enovix targets commercial production in Q1 2022 and expects first product revenue in Q2 2022.
Enovix Corporation (Nasdaq: ENVX, ENVXW) announced its participation in two virtual investor conferences in September 2021. The Colliers Securities 2021 Institutional Investor Conference is scheduled for September 9, 2021. Following this, Enovix will participate in Cowen’s 14th Annual Global Transportation & Sustainable Mobility Conference on September 10, 2021, at 2:00 PM ET. A live webcast of this event can be accessed on the Enovix investor relations website. Enovix focuses on advanced silicon-anode lithium-ion battery development.
Enovix Corporation (Nasdaq: ENVX, ENVXW) announced its second-quarter 2021 financial results and provided a business update emphasizing progress in technology, production, and commercialization. CEO Harrold Rust stated the company is advancing its production facility and expanding its team to enhance growth. The firm is focused on delivering high-energy density batteries to top-tier clients. A conference call is scheduled for August 10, 2021, to discuss these results and future strategies.
Enovix Corporation (Nasdaq: ENVX, ENVXW) announced the completion of equipment installation for its first U.S.-based advanced battery production line in Fremont, California. The company signed a Master Purchase and Cooperation Agreement with a California tech leader in the wearable devices sector, valued at up to $20 million, with $3.5 million in fees and prepayments over the next year. Enovix plans to produce 45 million batteries annually, utilizing its innovative 3D Silicon™ Lithium-ion technology, which offers up to 110% higher energy density than standard batteries.
Enovix Corporation (Nasdaq: ENVX, ENVXW) announced its participation in the Oppenheimer 24th Annual Technology, Internet & Communications Conference, scheduled for August 11, 2021, at 4:35 PM Eastern Time. The management team will present the company's advancements in 3D Silicon™ Lithium-ion batteries, which aim to enhance energy density and battery life. Interested parties can access the webcast via the News and Events section on Enovix's website. Enovix is focused on revolutionizing battery technology for mobile devices, electric vehicles, and renewable energy applications.
Enovix Corporation (Nasdaq: ENVX, ENVXW) will release its Q2 fiscal results on August 10, 2021, after market close. A conference call will follow at 2:00 PM PT to discuss financial outcomes and business performance. Investors can access the results via a posted Letter to Shareholders on their investor relations website at 1:00 PM PT. Enovix focuses on advanced silicon-anode lithium-ion battery technology for various applications, including mobile devices and electric vehicles.
Enovix Corporation announced a contract with General Technical Services to demonstrate advanced lithium-ion battery technology for the U.S. Army under DOTC-17-01-INIT1218. This partnership with Inventus Power aims to enhance wearable military equipment's power supply, addressing soldiers' weight and efficiency challenges. Enovix's innovative 3D Silicon™ batteries offer nearly double the runtime while weighing less. The U.S. wearable military battery market is estimated at $350M annually, highlighting the significant potential for Enovix in defense technology.
Enovix Corporation has successfully completed its business combination with Rodgers Silicon Valley Acquisition Corp, enabling its transition to public trading on Nasdaq under the symbols ENVX (common stock) and ENVXW (warrants) effective July 15, 2021. The deal generated approximately $405 million in gross cash proceeds, aimed at establishing two production facilities to meet rising demand from major customers in the mobile computing sector and electric vehicles. Enovix aims to lead innovation in battery technology utilizing its proprietary 3D Silicon technology.
