Amprius Delivers High-Volume Silicon Anode Cell Shipment to Korean Aerospace Research Institute
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Insights
The shipment of SiMaxx™ cells from Amprius Technologies to the Korean Aerospace Research Institute (KARI) represents a significant milestone in the development of energy storage solutions for aerospace applications. The SiMaxx cells boast an impressive energy density of 450 Wh/kg, which is considerably higher than the industry average for lithium-ion batteries, typically ranging from 150 to 250 Wh/kg. This advancement is poised to extend the range and duration of flight for high-altitude pseudo-satellites (HAPS), which operate in the stratosphere.
From an energy storage perspective, the ability to provide power for overnight stratospheric flight is a game-changer. The customization aspect of these cells further enhances their value proposition, allowing for tailored solutions that meet specific energy and power requirements. This could lead to a competitive edge in the market, as aerospace and military clients seek batteries that can support longer missions and heavier payloads.
The planned large-scale production set for 2025 in Colorado indicates a strategic move towards domestic manufacturing, which could have implications for supply chain security and cost-efficiency. The anticipation of this production scale-up may also attract investor interest as it hints at Amprius' growth trajectory and potential market expansion.
The collaboration between Amprius Technologies and KARI underscores the increasing importance of advanced battery technology in the aerospace sector. HAPS vehicles, which are solar-powered and operate at high altitudes, require batteries with high energy density to maintain power during non-solar periods, such as nighttime. Amprius' SiMaxx cells meet this demand, which could position the company as a leading supplier in the niche HAPS market.
Furthermore, the versatility of these batteries in terms of customization presents potential for broader applications within electric aviation and military energy storage. This versatility, combined with the strategic partnership with a national space agency, can enhance Amprius' reputation and credibility in the aerospace industry. The impact on the business could be substantial, as success in this domain often leads to increased investment and partnership opportunities.
The announcement of this successful shipment and the ongoing collaboration may signal to investors that Amprius is capable of fulfilling large orders and meeting the rigorous demands of aerospace clients, which could positively influence the company's stock valuation.
The financial implications for Amprius Technologies from the successful shipment to KARI are multifaceted. In the short term, this achievement validates the company's innovative Silicon Anode Platform technology and could lead to immediate revenue recognition from the shipment. In the long term, the establishment of Amprius as a premier solution provider for HAPS applications could secure a steady stream of revenue from this niche market.
Investors should note that the aerospace battery market is relatively specialized, with a limited number of players capable of meeting the high technical requirements. Amprius' positioning within this market could result in a strong moat against competitors. Additionally, the announcement of the company's large-scale production capabilities by 2025 may be factored into future financial projections and could be a catalyst for stock price movement.
However, it is essential to consider the capital expenditures associated with scaling up production facilities and the risks involved in technological advancements. Investors may weigh these factors against the potential returns from the company's strategic focus on high-energy density battery solutions for emerging aerospace applications.
Partnership Strengthens Amprius’ Position as the Premier Solution for High-Altitude Pseudo-Satellite (HAPS) Applications
“This partnership with KARI achieves several of our goals, including validating our innovative technology on a global scale and highlighting our ability to provide industry-leading HAPS solutions,” said Dr. Kang Sun, CEO of Amprius Technologies. “We remain committed to delivering unmatched battery performance for the future of aerospace technology and look forward to our continued efforts in collaboration with the KARI team in the future.”
In December 2023, Amprius completed a volume shipment of its 450 Wh/kg SiMaxx cells to KARI to power their solar-powered stratospheric full-scale vehicle. Amprius SiMaxx cells are designed to reduce weight and increase aircraft flight distance range significantly. SiMaxx cells are the only known commercially available batteries that can provide enough power and endurance for HAPS overnight stratospheric flight applications and can enable higher payloads and operation in both all seasons and higher latitudes. These cells are also customizable, ensuring tasks are executed according to a company’s specifications while providing greater flexibility to meet specific energy and power needs, ultimately enhancing performance effectiveness and efficiency.
“Our pursuit of groundbreaking stratospheric missions demands cutting-edge energy solutions to meet stringent performance criteria," said Seung-jae Hwang, Project Manager of KARI’s Solar HALE project. "Integrating Amprius' ultra-high-energy density batteries into our solar-powered electrical aerial vehicle allows us to significantly enhance the overall performance and viability of our missions while redefining the cargo capability and extending flight durations in the stratosphere."
Amprius’ 450 Wh/kg custom cell form factors are positioned to improve performance across several applications, including electric aviation (high-energy drones such as HAPS) as well as high-energy storage applications for the military. These 450 Wh/kg cells are expected to be manufactured in large-scale production at Amprius’ facility in
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About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of high-energy and high-power lithium-ion batteries producing the industry’s highest known energy density cells. The company’s commercially available SiMaxx™ batteries deliver up to 450 Wh/kg and 1,150 Wh/L, with third party validation of 500 Wh/kg and 1,300 Wh/L. The company’s corporate headquarters is in
About KARI
KARI is contributing to the solid development of the national economy and improvement of people's lives through new exploration and technological advancement, development, and dissemination in the field of aerospace science and technology. Its main missions are to research and develop systems and core technologies for aircraft, satellites, and space launch vehicles, and to support the development of national aerospace policies.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the performance and potential applications of Amprius’ batteries, the timing and ability of Amprius to build a large-scale manufacturing facility and increase its manufacturing capacity, and the batteries to be produced at Amprius’ large-scale manufacturing facility. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Amprius’ management and are not predictions of actual performance. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties. These forward-looking statements are subject to a number of risks and uncertainties, including delays in permitting, construction and operation of production facilities; Amprius’ liquidity position; risks related to the rollout of Amprius’ business and the timing of expected business milestones; Amprius’ ability to commercially produce high performing batteries; the effects of competition on Amprius’ business; supply shortages in the materials necessary for the production of Amprius batteries; and changes in domestic and foreign business, market, financial, political and legal conditions. For more information on these risks and uncertainties that may impact the operations and projections discussed herein can be found in the documents we filed from time to time with the Securities and Exchange Commission (the “SEC”), all of which are available on the SEC’s website at www.sec.gov. There may be additional risks that Amprius does not presently know or that Amprius currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Amprius’ expectations, plans or forecasts of future events and views as of the date of this press release. These forward-looking statements should not be relied upon as representing Amprius’ assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Except as required by law, Amprius specifically disclaims any obligation to update any forward-looking statements.
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Investors
Tom Colton, Chris Adusei-Poku
Gateway Group, Inc.
949-574-3860
IR@amprius.com
Media
Zach Kadletz, Brenlyn Motlagh
Gateway Group, Inc.
949-574-3860
Amprius@Gateway-grp.com
Source: Amprius Technologies, Inc.
FAQ
What is the significance of Amprius' partnership with KARI?
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