Welcome to our dedicated page for Amprius Tech news (Ticker: AMPX), a resource for investors and traders seeking the latest updates and insights on Amprius Tech stock.
Overview
Amprius Tech (AMPX) delivers advanced silicon anode technology designed to significantly boost the energy density of lithium-ion batteries. Specializing in innovative battery components, the company addresses the critical need for enhanced performance in aviation and unmanned systems, including drones and high-altitude pseudo satellites. With a deep focus on technological sophistication and manufacturing excellence, Amprius Tech is strategically positioned within the high-tech energy storage sector of the U.S. market.
Core Business and Technology
The company concentrates on the development and production of silicon anodes that replace conventional graphite in lithium-ion cells. This substitution enables batteries to achieve a higher energy density, a critical factor for applications where weight and performance are paramount. The integration of silicon anode technology represents a significant technological advancement, addressing challenges related to battery longevity, charging efficiency, and overall performance in demanding environments.
Industry Application and Market Position
Operating at the intersection of energy storage and advanced aviation, Amprius Tech has carved its niche by focusing on sectors where superior battery performance is non-negotiable. The company’s battery components are integral to existing aviation applications and are increasingly relevant as new unmanned aerial systems evolve. Its innovation in high energy density solutions positions it distinctly within the competitive landscape, distinguishing itself from more conventional battery manufacturers.
Manufacturing Excellence and Operational Focus
With all its revenues being generated within the United States, Amprius Tech benefits from a robust operational ecosystem that emphasizes quality manufacturing and technological innovation. The company’s emphasis on domestic production not only reinforces its supply chain resilience but also aligns with ongoing trends within the high-tech manufacturing and advanced materials industry. This operational focus ensures that the company maintains a controlled production environment, thereby optimizing quality and consistency in its output.
Innovation in Battery Technology
Amprius Tech’s pioneering approach to battery technology centers on addressing long-standing challenges in the energy storage sector. By deploying silicon anodes, the company enhances the efficiency and longevity of lithium-ion batteries, making them more suitable for the rigors of aviation and unmanned applications. This breakthrough has attracted attention from sectors that demand reliable, high-performance energy solutions, underpinning the company’s reputation for technological ingenuity.
Competitive Landscape and Value Proposition
The company operates within a competitive landscape characterized by rapid technological innovation and evolving energy storage requirements. Its focus on niche, high-performance applications and significant investment in technological advancement allows it to offer a value proposition distinctly different from broader market players. Amprius Tech’s ability to deliver technologically superior products in a highly specialized area underscores its relevance in the broader context of advanced battery solutions.
Conclusion
In summary, Amprius Tech exemplifies a focused, technology-driven approach to enhancing lithium-ion batteries via advanced silicon anode production. The company's innovative solutions support high-demand industries such as advanced aviation and unmanned aerial systems, ensuring critical performance enhancements in highly competitive and specialized markets. Its singular focus on domestic revenue generation and manufacturing excellence further strengthens its operational integrity and market position.
Amprius Technologies (NYSE:AMPX), a developer of next-generation lithium-ion batteries with its Silicon Anode Platform, has announced its third quarter 2024 business and financial results. The company has published a detailed shareholder letter on its investor relations website, covering its performance, new high-performance battery deliveries, manufacturing capability development, and new customer engagements. The company will host a conference call and webcast to discuss these results.
Amprius Technologies (NYSE: AMPX) has shipped SiMaxx™ A-Sample EV Cells to the United States Advanced Battery Consortium (USABC). Internal testing shows the cells achieve 360 Wh/kg specific energy, exceeding USABC's 275 Wh/kg target, with 1200 W/kg power density. The cells can charge to 90% in 15 minutes, surpassing USABC's 80% target. This shipment marks the final milestone in a $3M USABC contract awarded in May 2022 for developing fast-charge silicon nanowire batteries. The company is working towards achieving 1000 cycles and believes these developments position them well for automotive manufacturer evaluations.
Amprius Technologies (NYSE: AMPX) announces the opening of new production lines at a contract manufacturing partner's facility, expanding manufacturing capacity to 800 MWh for SiCore™ pouch cells. The expansion began shipments in October 2024, supporting various customer orders including a previously announced $20 million order for Light Electric Vehicles.
The facility features advanced environmental controls and cutting-edge battery manufacturing equipment specifically designed for Amprius' silicon anode batteries. The multi-year agreement with the contract manufacturer, which expects to exceed 100 GWh total production capacity in 2025, is part of Amprius' strategy to secure scalable production while minimizing costs. The manufacturer will supply SiCore pouches in various chemistries and form factors, including 18650 and 21700 cylindrical cells.
Amprius Technologies (NYSE: AMPX), a next-generation lithium-ion battery manufacturer, has scheduled its third quarter 2024 earnings conference call for Thursday, November 7, 2024, at 5:00 p.m. Eastern time. The company will release its financial results for the quarter ended September 30, 2024, via press release before the call. Management will host a presentation followed by a Q&A session. The call will be accessible via toll-free and international numbers, with a simultaneous webcast available.
Amprius Technologies (NYSE: AMPX) released preliminary Q3 2024 financial results. The company expects to report revenue between $7.6-7.9 million, with a net loss ranging from $10.8-11.8 million, translating to a loss per share of $0.10-0.11. The company maintains a strong balance sheet with approximately $35 million in cash and cash equivalents and no debt. These results are preliminary and unaudited, subject to potential adjustments during the final financial statement review process.
Amprius Technologies (NYSE: AMPX) has signed a development contract with a Fortune 500 company to create a custom high-energy SiMaxx™ pouch cell using Amprius' proprietary silicon anode technology. The project aims to reduce the battery's weight and size by approximately 50% compared to the customer's current battery, without compromising performance.
This smaller and lighter battery is expected to enable better product designs, enhance customer experience, and offer a significant competitive advantage. If project objectives are met, the application could require over one million cells per year. Amprius is seeing increasing demand for its high-performance silicon anode batteries among Fortune 500 leaders, having recently signed an LOI with a different Fortune Global 500 leader in LEVs.
Amprius Technologies (NYSE: AMPX) has secured over $20 million in contracts to supply 40 Ah high-performance cells for Light Electric Vehicle (LEV) applications. The company expects to begin shipping cells in 2024 and recognize all revenue by mid-2025. Amprius' cells were chosen for their higher energy density, safety features, and competitive costs.
This development follows a recent 2 GWh potential LOI with a Fortune 500 company. Amprius currently has over 500 MWh of capacity available and is ramping up its Fremont, California facility to 2 MWh while finalizing plans for a gigawatt-hour scale factory in Brighton, Colorado. In the first half of 2024, Amprius shipped batteries to over 130 customers, including 100 new ones.
The LEV market is projected to reach $205.7 billion by 2032, with a CAGR of 9.74% from 2023 onward.
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has received a notice from the New York Stock Exchange (NYSE) on September 19, 2024, indicating non-compliance with continued listing criteria. The issue stems from the average closing price of Amprius' common stock falling below $1.00 over a consecutive 30 trading-day period.
This notice is a deficiency notification, not a delisting action, and does not currently affect the listing or trading of Amprius' stock on the NYSE. The company has a six-month cure period to regain compliance by achieving a closing price of at least $1.00 per share on the last trading day of any calendar month during this period, along with an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month or the cure period.
Amprius intends to remain listed on the NYSE and is exploring all available options to regain compliance. The notice does not impact the company's ongoing business operations or SEC reporting requirements.
Amprius Technologies (NYSE: AMPX) has signed a non-binding Letter of Intent (LOI) with a Fortune Global 500 technology OEM to develop high-energy SiCore™ cylindrical cells for Light Electric Vehicle (LEV) applications. The potential agreement could result in battery production orders exceeding 2 GWh over a 5-year period. Amprius aims to deliver cells with a 25% capacity improvement over current industry standards, significantly enhancing LEV range and performance.
Amprius has secured over 125 million SiCore cylindrical cell annual production capacity through contract manufacturing partnerships, with additional capacity expected in 2025. The company will begin shipping the first group of SiCore cylindrical cells for this application this year. This partnership demonstrates Amprius' ability to improve product range across various industries and marks its entry into the rapidly growing LEV market, projected to reach $205.7 billion by 2032.
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has announced its schedule for September 2024 events. The company will participate in several key industry conferences:
1. Commercial Unmanned Aerial Vehicle (CUAV) Expo in Las Vegas (Sept 3-5)
2. 2024 Gateway Conference in San Francisco (Sept 4)
3. H.C. Wainwright 26th Annual Global Investment Conference in New York (Sept 9-11)
4. DroneX in London (Sept 24-25)
5. The Oppenheimer Innovating Sustainability Summit (Virtual, Sept 24)
At these events, Amprius will exhibit its products, and its leadership team, including CEO Dr. Kang Sun and CFO Sandra Wallach, will be available for one-on-one meetings with investors and industry professionals.
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