Ensurge Micropower ASA – Q3 – 2023
Key Highlights Q3 – 2023
The 11-layer stacked battery was finalized, and
we started shipping the samples to customers
and strategic partners. The 11-layer battery
demonstrates the uniqueness of Ensurge’s novel
architecture and is a major milestone in the industry.
Great progress on the 43-layer battery
based on 10-micron stainless steel. Ensurge expects
this battery to be available for customers and
strategic partners in Q4 2023, with production
volume increasing in Q1 2024.
There has been a strong uptick in sales leads from
Fortune 500 companies and smaller companies that
understand the transformative effect the Ensurge
battery will have for the entire wearables/IoT
industry and their specific products.
Verification of our novel architecture and
manufacturing process in a scientific article in
American Chemical Society, to which our advisor
Shirley Meng and Ensurge’s CTO Arvind Kamath
were important contributors.
First solid-state battery patent was approved in
Q3 2023.
Finalized fundraising of NOK 52 million in
Q3 2023
About Ensurge Micropower: Ensurge is Energizing Innovation(TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The company’s state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets.
For more information, please contact:
Terje Rogne, Chairman Phone: +47 472 02 200
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Attachment
