Amprius Successfully Completes First Volume Shipment of Safe Cells for the U.S. Army
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Insights
The successful volume shipment of Amprius Technologies' advanced battery cells to the U.S. Army, as part of the ManTech program, is indicative of a significant technological advancement in energy storage solutions. Amprius' silicon anode batteries represent a leap in energy density, which is a crucial metric in the performance of lithium-ion batteries. By more than doubling the mission time for critical applications, these batteries not only offer a competitive edge in military applications but also suggest potential for broader commercial use in industries where battery life and safety are paramount.
Moreover, the successful nail penetration test signifies a noteworthy improvement in battery safety, a common concern in the deployment of lithium-ion technology. This enhancement could lead to increased confidence in the adoption of such batteries in consumer electronics, electric vehicles and other sectors sensitive to energy storage safety.
The projected market value of the wearable battery market at $1.25 billion by 2030, alongside the strategic relationship with the U.S. military, provides a strong commercial outlook for Amprius. The company's focus on automation and cost-reduction initiatives is likely to further solidify its competitive position in the market as it moves towards large-scale production.
The collaboration between Amprius Technologies and the U.S. Army under the ManTech program underscores the strategic importance of advanced energy storage solutions in modern military operations. The delivery of Amprius' silicon anode safe cells for soldier-worn battery packs is a critical step in ensuring that the U.S. military maintains a technological advantage on the battlefield through improved power sources.
The integration of these advanced batteries into the Conformal Wearable Batteries (CWB) packs is a testament to the military's commitment to enhancing soldier mobility and endurance. The emphasis on safety, demonstrated by the nail penetration test, aligns with the military's stringent requirements for reliable and durable equipment.
As the Department of Defense continues to invest in innovative technologies, companies like Amprius that can meet the unique demands of military applications are likely to benefit from long-term contracts and funding, contributing to their growth and the development of their technologies.
Amprius Technologies' announcement of the successful shipment and its implications for future large-scale production, particularly in Colorado by 2025, can be seen as a positive indicator for investors. The company's ability to deliver on its commitments and scale up manufacturing under a government-funded program helps to mitigate investment risk and demonstrates operational competence.
The involvement in a U.S. Department of Defense contract and the potential market size of the wearable battery market suggests substantial revenue opportunities for Amprius. Investors should monitor the company's progress towards automation and manufacturing cost reduction, as these factors will be critical in determining the company's ability to compete on price while maintaining high-quality standards in a growing market.
However, investors should also consider the capital expenditures associated with scaling up production and the potential need for further funding to achieve these goals. The long-term success of Amprius will depend on its ability to maintain technological leadership and to secure additional contracts in both military and civilian markets.
Advanced Silicon Anode Batteries More Than Double the Mission Time for Critical Applications Versus Existing Solutions
Amprius Successfully Completes First Volume Shipment of Safe Cells for the
Amprius has successfully completed its scale-up manufacturing initiative under ManTech (a
“We are honored to have collaborated with ManTech on this critical initiative to meet the
These shipments are also part of a larger program as outlined in a briefing on a
In addition to expanding the Company’s relationship with the
For more information, please visit the Company’s investor relations website at ir.amprius.com.
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1 “Contracts for May 12, 2021,”
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 batteries deliver up to 450 Wh/kg and 1,150 Wh/L. The company’s corporate headquarters is in
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, the potential application and performance of Amprius’ batteries, the ability of Amprius to build its large-scale facility and expand its manufacturing capacity, the addressable market for Amprius’ batteries, and the estimated size of the wearable battery market. 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’ products; 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.
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