Factorial Announces Third Quarter 2026 Results, Begins Generating Commercial Revenue and Achieves 450 Wh/kg Energy Density Target for Aerospace Cells Ahead of Plan

Commercial revenue began ahead of the previously disclosed 2027 objective.

Rhea-AI Summary

Factorial Energy (FAC) reported its first commercial revenue alongside its financial and business results for the third quarter ended September 30, 2026.

The revenue milestone came ahead of the company's previously disclosed 2027 objective. Its aerospace program cells also achieved the year-end energy-density target of 450 Wh/kg, a measure of energy stored per kilogram. A shareholder letter discussing quarterly results and recent milestones is available on Factorial's investor website.

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• Moderate pointFirst commercial revenue recorded ahead of the previously disclosed 2027 objective.
• Minor pointAerospace cells reached 450 Wh/kg, achieving the year-end energy-density target ahead of plan.

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• None.

Key Figures

Aerospace-cell energy density: 450 Wh/kg Prior commercial revenue objective: 2027

Aerospace-cell energy density

450 Wh/kg

Year-end target achieved ahead of plan

Prior commercial revenue objective

2027

First commercial revenue recorded ahead of this objective

Key Terms

solid-state battery technology, energy density

2 terms

solid-state battery technology technical

"a global leader in solid-state battery technology"

A type of rechargeable battery that replaces the liquid or gel electrolyte found in conventional lithium-ion cells with a solid material, creating a more compact, chemically stable pathway for ions between electrodes. It matters to investors because the design promises higher energy density, improved safety, faster charging and longer lifespan—traits that can change product capabilities, manufacturing costs, supply chains and competitive positions across industries like electric vehicles and consumer electronics.

energy density technical

"Achieves 450 Wh/kg Energy Density Target for Aerospace Cells"

Energy density measures how much energy is stored in a material or object relative to its size or weight. For example, a small, lightweight battery with high energy density can store a lot of power, making it more efficient and longer-lasting. Investors pay attention to energy density because it influences the performance, cost, and practicality of energy sources and storage solutions.

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BOSTON, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Factorial Energy Inc. (“Factorial”) (Nasdaq: FAC), a global leader in solid-state battery technology, today announced financial and business results for the third quarter ended September 30, 2026.

The Company has issued a shareholder letter discussing its third quarter 2026 financial and business results and recent milestones. Factorial recorded its first commercial revenue, well ahead of its previously disclosed 2027 objective, and its aerospace program cells achieved the 450 Wh/kg target set for year end. The shareholder letter may be accessed on the Investors section of Factorial’s website at https://ir.factorialenergy.com/.

Factorial will host a conference call today at 4:30 PM ET to discuss the Company’s financial results. The live webcast of the conference call can be accessed through the Investors section of Factorial’s website. For those unable to access the webcast, the conference call can be accessed by dialing 1-877-407-9716 (domestic) or 1-201-493-6779 (international). To access the replay of the call, dial 1-844-512-2921 (domestic) or 1-412-317-6671 (international) and enter pass code 13763249.

About Factorial Energy

Factorial Energy (Nasdaq: FAC) is a leading American solid-state battery innovator backed by IQT – the not-for-profit strategic investor for the U.S. national security community and America’s allies – and Mercedes-Benz, Stellantis, Hyundai, and Kia. Through its proprietary FEST® and Solstice™ platforms, engineered for scalable manufacturing, Factorial delivers industry-leading performance across aerospace, energy storage and mobility applications. Factorial’s technology powered a Group I drone to a world record for flight duration in 2026, flying 521 minutes and roughly 483 km (300 miles) in a single mission. In automotive, a lightly modified Mercedes-Benz test vehicle surpassed 1,200 km of range on a single charge in real-world testing, and the technology was also integrated into a fully built Dodge Charger Daytona demonstration vehicle with Stellantis in 2026. For more information, visit www.factorialenergy.com.

Forward-Looking Statements

Certain statements in this communication may be considered forward-looking statements. Forward-looking statements generally relate to future events or Factorial’s future financial or operating performance, including expectations regarding manufacturing capabilities, commercialization plans, business strategy, customer programs, partnerships, supply-chain development and production readiness. In some cases, forward-looking statements can be identified by terms such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “project,” “target,” “plan,” “potentially” or similar terminology. These statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. For a discussion of factors that could cause actual results to differ materially, see “Risk Factors” in Factorial’s filings with the Securities and Exchange Commission. Factorial undertakes no obligation to update forward-looking statements except as required by law.

Factorial has used, and intends to continue to use, its Investor Relations website (https://ir.factorialenergy.com), as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Information on or that can be accessed through Factorial’s Investor Relations website, or that is contained in any website to which a hyperlink is provided herein is not part of this press release, and the inclusion of Factorial’s Investor Relations website address, and any hyperlinks are only inactive textual references.

Factorial IR Contact: IR@factorialenergy.com
Factorial Media Contact: Factorial@antennagroup.com

FAQ

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Has Factorial Energy (FAC) started generating commercial revenue?

Factorial recorded its first commercial revenue, ahead of its previously disclosed 2027 objective.

What energy-density target did Factorial Energy (FAC) achieve for aerospace cells?

Factorial's aerospace program cells achieved 450 Wh/kg, reaching the target set for year end ahead of plan.