Welcome to our dedicated page for SES AI news (Ticker: SES), a resource for investors and traders seeking the latest updates and insights on SES AI stock.
SES AI Corporation develops and manufactures AI-enhanced Li-Metal and Li-ion battery technologies, battery materials and related software for energy storage systems, drones, urban air mobility, electric vehicles and other applications. Company news commonly covers the Molecular Universe AI platform, materials discovery, cell design, battery health and safety monitoring, and commercialization across its Energy Storage Systems, drone and materials business units.
Updates also include financial results, revenue guidance, customer and distribution activity, manufacturing topics such as drone battery production in Korea, and corporate governance changes. SES AI's ESS activity includes hardware and software offerings connected to UZ Energy, while its materials and battery programs address high-energy and high-power-density applications.
SES AI Corporation (NYSE: SES) reported Q2 results, showing an operating loss of $19.1 million, up $12.5 million year-over-year due to higher personnel and operational costs. The Company recognized a $29 million non-cash gain from changes in its Sponsor Earn-out liability. Cash reserves stand at $405 million, intended for Li-Metal battery and AI software development. SES remains on track to open its second manufacturing facility in Korea by October 2022, and will hold its second annual Battery World event before year-end.
SES AI Corporation, a leader in high-performance lithium-metal rechargeable batteries, announced participation in several upcoming investor conferences. Key events include:
- J.P. Morgan Auto Conference on August 9, 2022, in New York City
- Jefferies Industrials Conference on August 10, 2022, in New York City
- Baird Newly Public Company Day on August 17, 2022, virtually
- Piper Sandler Summit on August 18, 2022, in Aspen, CO
- Cowen Conference on September 8, 2022, virtually
- RBC Capital Markets Conference on September 12, 2022, in Las Vegas, NV
SES AI Corporation (SES) will release its second-quarter 2022 financial results on August 9, 2022, after market close, followed by a conference call at 5:00 p.m. EDT. The call can be accessed via phone or through a webcast. SES specializes in high-performance lithium-metal rechargeable batteries for electric vehicles and has operations in multiple countries including Singapore and Shanghai.
SES AI Corporation, a leader in lithium-metal rechargeable batteries, will participate in the inaugural Lithium Metal Battery Conference on July 25. The event celebrates the 100th birthday of battery pioneer John Goodenough, a Nobel Prize winner known for advancing lithium-ion technology. CEO Qichao Hu will join a panel discussing lithium-metal battery advancements and supply chain challenges. The free online conference starts at noon ET. Goodenough's contributions have greatly influenced the electric vehicle industry and battery science.
SES AI Corporation has appointed Kyle Pilkington as the new Chief Legal Officer, effective July 1, 2022, succeeding Joanne Ban, who is retiring for health reasons but will remain as an advisor. Pilkington, previously the VP of Legal, brings significant experience in securities law and corporate governance from his time at International Game Technology and major law firms. This leadership change aims to bolster the legal and regulatory framework as SES continues to grow in the high-performance lithium-metal battery sector for electric vehicles.
SES AI Corporation, a leader in lithium-metal rechargeable batteries, announced participation in the Water Tower Research Fireside Chat Series on June 23, 2022, at 2:00 PM EDT. CEO Qichao Hu will discuss the company’s technology and opportunities within Battery-as-a-Service. Investors can register for the virtual event here.
SES AI Corporation, a leader in high-performance lithium-metal rechargeable batteries for electric vehicles, announced its participation in several upcoming investor conferences in New York City and virtually. Key events include the RBC Global Mining & Materials Conference on June 9, Evercore Global Clean Energy Summit on June 14, and the Deutsche Bank Global Auto Industry Conference on June 16. The company, founded in 2012, also emphasizes its capabilities in AI-powered safety algorithms and recycling. For more information, visit ses.ai/investors/.
SES AI Corporation, a leader in high-performance lithium-metal rechargeable batteries, will participate in the Citi Lithium and Battery Virtual Day conference on May 26, 2022. CEO Qichao Hu is scheduled to present from 12:30 PM to 1:05 PM ET. Investors can access a live webcast of the presentation through this link or via the Investor Relations section on SES's website. A replay will be available approximately 12 hours post-event. SES, founded in 2012 and headquartered in Boston, specializes in battery production for electric vehicles and other applications.
SES AI Corporation (NYSE: SES) announced its financial results for Q1 2022, following its merger with Ivanhoe Capital Acquisition Corporation. The company reported a net loss of $27.0 million, equating to a loss of $0.12 per share, with operating losses of $19.2 million driven by high general and administrative expenses. SES ended the quarter with a robust cash position of $426 million, which will support its Li-Metal battery development. The company has formed a joint development agreement with Honda and plans to build a pre-production facility in South Korea to enhance growth.
SES AI Corporation, a leader in high-performance lithium-metal batteries, announced it will release its Q1 2022 financial results on May 12, 2022, post-market. A conference call will follow at 5:00 p.m. EDT. Interested parties can access the call via phone or through a webcast available on SES's Investor Relations site. This call will provide insights into the company's performance and future outlook.