Amprius Technologies Reports Fourth Quarter And Full Year 2022 Business And Financial Results

Rhea-AI Summary

Amprius Technologies, Inc. (NYSE: AMPX) announced its fourth quarter and full year 2022 financial results, with a focus on its Silicon Anode Platform. The company outlined its business initiatives, including product roadmap milestones, manufacturing scale-up, and customer acquisition efforts. A significant development is the signed letter of intent for a new facility in Brighton, Colorado, potentially increasing manufacturing capacity by up to 5 GWh. Amprius is known for producing high-density lithium-ion batteries, achieving up to 450 Wh/kg and 1,150 Wh/L, significantly outperforming traditional graphite cells.

Positive

• Signed a letter of intent for a 774,000 square foot facility in Brighton, Colorado, which could enhance manufacturing capacity by up to 5 GWh.
• Battery cells deliver energy densities up to 450 Wh/kg and 1,150 Wh/L, surpassing traditional graphite cell performance.

Negative

• None.

FREMONT, Calif.--(BUSINESS WIRE)-- Amprius Technologies, Inc. ("Amprius" or the “Company”) (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced its business and financial results for the fourth quarter and full year 2022, which ended December 31, 2022.

Amprius posted a letter to shareholders on its Investor Relations website, ir.amprius.com, that details the company’s fourth quarter and full year financial results and provides an update on its business initiatives including product roadmap milestones, manufacturing scale-up and customer acquisition.

Management will also hold a live conference call and webcast today at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its financial results and business updates.

Time: 5:00 PM ET (2:00 PM PT)
Toll-Free Number: +1 866-424-3442
International Number: +1 201-689-8548
Webcast: Register and Join

The conference call will be broadcast simultaneously and available for replay here, and archived for the next 6 months.

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 energy density cells. The Company’s corporate headquarters is in Fremont, California where it maintains an R&D lab and a pilot manufacturing facility for the fabrication of silicon nanowire anodes and cells. To serve significant customer demand for its high-performance silicon anode lithium-ion batteries, Amprius recently signed a letter of intent for an approximately 774,000 square foot facility in Brighton, Colorado that initially provides a potential of up to 5 gigawatt-hours (GWh) manufacturing capacity.

Amprius’ commercially available batteries deliver up to 450 Wh/kg and 1,150 Wh/L, the industry’s highest known energy density cells available on the market today. Based on Amprius’ current level of battery performance and pilot production, the Company will be able to use its proprietary anode technology to deliver battery cells that contain energy density levels that approach 2x the performance of current commercially available graphite cells. For additional information, please visit amprius.com. Also, see the Company’s LinkedIn and Twitter pages.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230323005330/en/

Investors

Cody Slach, Tom Colton

Gateway Group, Inc.

949-574-3860

IR@amprius.com

Media

Zach Kadletz, Brenlyn Motlagh

Gateway Group, Inc.

949-574-3860

Amprius@Gatewayir.com

Source: Amprius Technologies, Inc.

FAQ

What are Amprius Technologies' Q4 and full-year 2022 financial results?

Amprius reported its financial results for Q4 and full year 2022, details can be found on their Investor Relations website.

What is the significance of the new facility in Brighton, Colorado for AMPX?

The facility, with a potential manufacturing capacity of up to 5 GWh, will support Amprius's production of high-density batteries.

How do Amprius batteries compare to traditional batteries?

Amprius batteries achieve energy densities up to 450 Wh/kg and 1,150 Wh/L, nearly double that of conventional graphite cells.