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Amprius Technologies, Inc. (NYSE: AMPX) is an industry leader in the production of high-energy and high-power lithium-ion batteries. The company specializes in silicon anodes to create the highest known energy density cells. These advanced batteries are notably applied in aviation, particularly for unmanned aerial systems (UAS) such as drones and high-altitude pseudo satellites (HAPS). Based in Fremont, California, Amprius combines cutting-edge research and development with a robust manufacturing facility to meet the growing demand for electric mobility solutions.
Recently, Amprius has expanded its manufacturing capabilities significantly. The company has increased its silicon nanowire anode production at its Fremont headquarters, allowing for a tenfold capacity growth in producing its ultra-high-energy density SiMaxx™ cells. This expansion is aimed at addressing the burgeoning demand in electric mobility applications, demonstrating Amprius' commitment to innovation and scalability.
Amprius' SiMaxx™ batteries offer unparalleled performance, delivering energy densities of up to 450 Wh/kg and 1,150 Wh/L. Furthermore, third-party validations have confirmed these batteries can achieve up to 500 Wh/kg and 1,300 Wh/L. These batteries are indispensable for applications requiring high endurance and reliability, such as military operations and commercial aviation. The company has also introduced the SiCore™ platform, broadening its product range to serve a variety of high-demand sectors.
Strategic partnerships are a cornerstone of Amprius' growth strategy. Collaborations with notable entities like BAE Systems and AALTO HAPS underline the company's impact on high-altitude and long-endurance technologies. These partnerships not only validate Amprius' technological advancements but also ensure a steady pipeline of commercial orders and industry support.
Amprius' commitment to quality and innovation is further evidenced by its collaboration with the U.S. Army. The company has successfully integrated its SiMaxx™ safe cells into the Army's next-generation wearable battery packs, doubling the energy density of current solutions. This achievement highlights Amprius' role in advancing military technology, ensuring that soldiers have reliable, high-performance power solutions in the field.
Financially, Amprius remains strong, with ongoing efforts to secure additional funding and investment to support its expansion plans. The company is also actively engaging with investors and the public through various conferences and strategic events to maintain transparency and foster growth.
For more details, visit the company's investor relations website at ir.amprius.com.
Amprius Technologies, a leading innovator in next-gen lithium-ion batteries, has announced strategic partnerships with several contract manufacturers to secure over 500 MWh of production capacity for its SiCore™ battery cells. This move is aimed at meeting the rising customer demand since the SiCore platform was launched in January. The partnerships will enable Amprius to rapidly scale production without major incremental costs, offering flexibility to adjust volumes based on market demand. The manufacturing agreements cover various cell chemistries and form factors, including 18650 and 21700 cylindrical cells. These partnerships also aim to ensure stringent quality control and timely delivery while mitigating risks from potential production delays or supply chain disruptions.
Amprius Technologies has announced the final results of its offer to exercise public and private warrants at a reduced price. The offer, which expired on July 11, 2024, allowed warrant holders to purchase shares of common stock at $1.10 per warrant, reduced from the original price of $11.50. A total of 13,075,664 warrants were exercised, generating approximately $14.4 million in gross proceeds for the company. Warrants not exercised remain at the original exercise price. This offer was part of the company's Tender Offer Statement filed with the SEC on May 13, 2024.
Amprius announced the final results of its Offer to Exercise, which allowed public and private warrant holders to purchase shares at a reduced price of $1.10 per warrant. The offer expired on June 11, 2024, and resulted in 13,075,664 warrants being exercised, raising approximately $14.4 million in gross proceeds for the company. Warrants that were not exercised remain at the original price of $11.50 per share. The offer details were filed with the SEC and can be accessed on their website.
Amprius Technologies (NYSE: AMPX), known for its next-gen lithium-ion batteries with a Silicon Anode Platform, has announced its June 2024 events schedule.
The company will first participate in the Defense Power and Energy Conference (DPEC) from June 4-6, 2024, at The Hyatt Regency St. Louis Arch in St. Louis, MO. Amprius will be exhibiting at Booth 212, with Director of Strategic Account Katie Maze available for one-on-one meetings.
Later in the month, Amprius will attend the ROTH London Conference from June 25-27, 2024, at the Four Seasons Hotel in London. CEO Dr. Kang Sun and CFO Sandra Wallach will meet with investors one-on-one. Interested parties can contact their ROTH representative to schedule a meeting.
Amprius Technologies, Inc. (NYSE: AMPX) has announced a temporary offer allowing public and private warrants to be exercised at a reduced price. The offer applies to holders of Offering Warrants, with an exercise price reduction from $11.50 to $1.10. This temporary offer is aimed at encouraging the cash exercise of the Offering Warrants to raise approximately $50 million in gross proceeds for working capital and development plans.
Amprius Technologies, Inc. (NYSE: AMPX) reported its first-quarter 2024 business and financial results, highlighting progress in lithium-ion batteries with Silicon Anode Platform. The company shared updates on product roadmap, manufacturing scale-up, and customer acquisition efforts. Amprius will discuss these results in a live conference call and webcast.
Amprius Technologies, Inc. (NYSE: AMPX) announced the integration of its SiMaxx™ safe cells into the U.S. Army's next-generation Wearable Battery pack, doubling the energy density of existing solutions. This advancement will extend mission time for soldiers, highlighting the innovation in wearable battery technology.
Amprius Technologies, a leader in lithium-ion batteries with its Silicon Anode Platform, announced its May 2024 events schedule. The schedule includes appearances at various conferences where company executives will meet with investors to discuss the future of electric mobility and battery technology.
Amprius hosted a Battery Forum in Taiwan to present its Silicon Anode Battery Technologies and partnership opportunities. Industry leaders learned about Amprius' breakthrough technology and future visions. The event featured Amprius' high energy density SiMaxx™ and SiCore™ battery cells. The Company aims to power the future of electric mobility by expanding its global presence and scaling manufacturing efforts in the U.S.
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