Enovix Signs Collaboration Agreement with Fortune 200 Company
2024年8月1日 - 5:01AM
Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global
high-performance battery company, today announced it has signed a
collaboration agreement with a Fortune 200 company to provide
silicon batteries for a fast-growing IoT product category that
already has tens of millions of users globally.
Under the terms of the agreement, Enovix will receive milestone
payments associated with building and testing prototype batteries
for this IoT device along a path toward mass production.
“We’re excited to collaborate with the clear market leader in a
rapidly growing segment of the IoT market,” said Samira Naraghi,
Senior Vice President, Product, Enovix. “Our groundbreaking silicon
battery allows product designers enhanced flexibility to create
elegant form factors without sacrificing battery capacity.”
Enovix high-performance batteries utilize a proprietary
architecture and manufacturing process to replace graphite with a
100% active silicon anode to deliver leading energy density. By
replacing graphite with 100% active silicon, Enovix intends to
offer this customer a path toward a smaller form factor while also
delivering energy and recharge needs.
“Our breakthrough battery continues to attract the interest of
market leading companies who are looking to usher in new classes of
product not previously possible without battery innovation,” said
Dr. Raj Talluri, President and CEO of Enovix.
About Enovix Enovix is on a mission to deliver
high-performance batteries that unlock the full potential of
technology products. Everything from IoT, mobile, and computing
devices, to the vehicle you drive, needs a better battery. Enovix
partners with OEMs worldwide to usher in a new era of user
experiences. Our innovative, materials-agnostic approach to
building a higher performing battery without compromising safety
keeps us flexible and on the cutting-edge of battery technology
innovation.
Enovix is headquartered in Silicon Valley with facilities in
India, Korea and Malaysia. For more information visit
www.enovix.com and follow us on LinkedIn.
Forward Looking Statements This press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, about us and our
industry that involve substantial risks and uncertainties.
Forward-looking statements generally relate to future events or our
future financial or operating performance. In some cases, you can
identify forward-looking statements because they contain words such
as “believe”, “will”, “may”, “estimate”, “continue”, “anticipate”,
“intend”, “should”, “plan”, “expect”, “predict”, “could”,
“potentially", “target”, “project”, “believe”, “continue” or the
negative of these terms or similar expressions. Forward-looking
statements in this press release include, but are not limited to,
statements regarding the Enovix’s design win, growth in the IoT
market, safety of the Enovix devices, and ability of Enovix to sell
Enovix products or battery packs, Enovix’s ability to produce
multiple form factors, the success of the collaboration in the IoT
market and the continued growth of the collaboration partner’s
business and the acceptance of its products, whether Enovix
batteries will perform better than competition, whether Enovix can
reduce recharge time for customers, including IoT customers,
whether Enovix can continue to obtain marketing leading customers,
whether Enovix can produce new classes of products, and other
statements about the prospects of our business and products. Actual
results could differ materially from these forward-looking
statements as a result of certain risks and uncertainties. For
additional information on these risks and uncertainties and other
potential factors that could affect our business and financial
results or cause actual results to differ from the results
predicted, please refer to our filings with the Securities and
Exchange Commission (the “SEC”), including in the “Risk Factors”
and “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” sections of our most recently filed
annual periodic reports on Form 10-K and quarterly report on Form
10-Q and other documents that we have filed, or that we will file,
with the SEC. Any forward-looking statements made by us in this
press release speak only as of the date on which they are made and
subsequent events may cause these expectations to change. We
disclaim any obligations to update or alter these forward-looking
statements in the future, whether as a result of new information,
future events or otherwise, except as required by law.
For investor and media inquiries, please
contact:
Enovix CorporationCharles AndersonPhone: +1 (612) 229-9729Email:
canderson@enovix.com
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