STOCK TITAN

Ensurge Micropower ASA – 3Q 2024

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Ensurge Micropower reports significant progress in Q3 2024, highlighting improved stacking yield and doubled manufacturing volume. The company is currently producing 5-, 11- and 28-layer batteries on 10 µm substrate, with plans to double production volume again in Q4 2024. The company is preparing for 24/7 production implementation in Q1 2025. Technical improvements include enhanced pulse rate and charging time exceeding original specifications. Notably, Ensurge has initiated a collaboration with a US Fortune 500 company for next-generation batteries and is strengthening its talent pool in San Jose for future expansion.

Ensurge Micropower riporta progressi significativi nel terzo trimestre del 2024, evidenziando un miglioramento nel rendimento degli strati e un volume di produzione raddoppiato. Attualmente, l'azienda sta producendo batterie a 5, 11 e 28 strati su un substrato di 10 µm, con l'intenzione di raddoppiare nuovamente il volume di produzione nel quarto trimestre del 2024. L'azienda si sta preparando per l'implementazione della produzione 24 ore su 24, 7 giorni su 7 nel primo trimestre del 2025. I miglioramenti tecnici includono un rateo di impulso potenziato e tempi di ricarica superiori alle specifiche originali. È importante notare che Ensurge ha avviato una collaborazione con una azienda Fortune 500 statunitense per batterie di nuova generazione e sta rafforzando il suo pool di talenti a San Jose per futuri sviluppi.

Ensurge Micropower informa sobre un progreso significativo en el tercer trimestre de 2024, destacando la mejora en el rendimiento de apilamiento y el volumen de fabricación duplicado. La empresa actualmente está produciendo baterías de 5, 11 y 28 capas sobre un sustrato de 10 µm, con planes de duplicar nuevamente el volumen de producción en el cuarto trimestre de 2024. La compañía se está preparando para la implementación de producción 24/7 en el primer trimestre de 2025. Las mejoras técnicas incluyen una tasa de pulso mejorada y un tiempo de carga que supera las especificaciones originales. Cabe destacar que Ensurge ha iniciado una colaboración con una empresa Fortune 500 de EE. UU. para baterías de próxima generación y está fortaleciendo su equipo de talentos en San José para futuras expansiones.

Ensurge Micropower는 2024년 3분기에 중요한 진전을 보고하며, 스태킹 수율 개선과 제조량이 두 배로 증가한 점을 강조하고 있습니다. 현재 이 회사는 10µm 기판에서 5층, 11층 및 28층 배터리를 생산하고 있으며, 2024년 4분기에는 생산량을 다시 두 배로 늘릴 계획입니다. 이 회사는 2025년 1분기에 24시간, 7일 생산을 구현할 준비를 하고 있습니다. 기술적 개선 사항에는 향상된 펄스 비율과 원래 사양을 초과하는 충전 시간이 포함됩니다. 특히, Ensurge는 차세대 배터리를 위해 미국 Fortune 500 기업과의 협업을 시작했으며, 향후 확장을 대비하여 산호세에서 인재 풀을 강화하고 있습니다.

Ensurge Micropower fait état de progrès significatifs au troisième trimestre 2024, mettant en avant une amélioration du rendement des empilements et un volume de production doublé. L'entreprise produit actuellement des batteries de 5, 11 et 28 couches sur un substrat de 10 µm, avec des projets de doubler à nouveau le volume de production au quatrième trimestre 2024. L'entreprise se prépare à la mise en œuvre de la production 24/7 au premier trimestre 2025. Les améliorations techniques comprennent un taux d'impulsion amélioré et un temps de charge dépassant les spécifications d'origine. À noter qu'Ensurge a initié une collaboration avec une entreprise Fortune 500 aux États-Unis pour des batteries de nouvelle génération et renforce son équipe de talents à San José pour une expansion future.

Ensurge Micropower berichtet über erhebliche Fortschritte im dritten Quartal 2024 und hebt eine verbesserte Stapelausbeute und die verdoppelte Produktionsmenge hervor. Das Unternehmen produziert derzeit 5-, 11- und 28-lagige Batterien auf einem 10 µm Substrat und plant, die Produktionsmenge im vierten Quartal 2024 erneut zu verdoppeln. Das Unternehmen bereitet sich auf die Umsetzung der 24/7-Produktion im ersten Quartal 2025 vor. Technische Verbesserungen umfassen eine verbesserte Pulsrate und Ladezeiten, die die ursprünglichen Spezifikationen übersteigen. Besonders bemerkenswert ist, dass Ensurge eine Zusammenarbeit mit einem US Fortune 500 Unternehmen für Batterien der nächsten Generation initiiert hat und sein Talent-Pool in San Jose für zukünftige Expansionen verstärkt.

Positive
  • Manufacturing volume doubled in Q3 2024
  • Plans to double manufacturing volume again in Q4 2024
  • Technical improvements exceeding original specifications
  • New collaboration with US Fortune 500 company
  • On track for 24/7 production implementation in Q1 2025
Negative
  • None.

Highlights

Significantly improved stacking yield.


Currently building 5-, 11- and 28-layer batteries on
10 µm substrate.


Manufacturing volume doubled in Q3 2024, enabling
much faster learning cycles, and thus the ability
to resolve defect issues at a much faster pace. We
expect to double manufacturing volume again in
Q4 2024.


On schedule to implement 24/7 production in
Q1 2025 to further ramp up production.


Testing multiple materials for final encapsulation and
close to selecting the optimal solution.


Pulse rate and charging time have improved
significantly compared to original target
specifications.


Cooperating closely with our strategic partners/
customers to prepare them for testing our sample
batteries as soon as they are shipped.


Exploring new form factors and materials to further
improve performance in our next generation of
batteries, opening up new target applications.


Undertaking a collaboration project with a US
Fortune 500 company for next-generation batteries.


Attracted strong talent in the San Jose area to build
the organization to be ready for further expansion.


About Ensurge Micropower
Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The company's state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets. 

For more information, please contact: 
Lars Eikeland, Chief Executive Officer 
E-mail: lars.eikeland@ensurge.com 

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachment


FAQ

What manufacturing improvements did Ensurge Micropower (ENMPY) achieve in Q3 2024?

Ensurge Micropower doubled its manufacturing volume in Q3 2024 and achieved significantly improved stacking yield, producing 5-, 11- and 28-layer batteries on 10 µm substrate.

When will Ensurge Micropower (ENMPY) implement 24/7 production?

Ensurge Micropower is scheduled to implement 24/7 production in Q1 2025 to further ramp up production capacity.

What new partnership did Ensurge Micropower (ENMPY) announce in Q3 2024?

Ensurge Micropower announced a collaboration project with a US Fortune 500 company for next-generation batteries.

ENSURGE MICROPOWER S/ADR

OTC:ENMPY

ENMPY Rankings

ENMPY Latest News

ENMPY Stock Data

57.77M
30.54M
Electronic Components
Technology
Link
United States of America
Oslo