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Ensurge Micropower ASA recently approved its annual report and financial statements for 2023, with a focus on transitioning into commercial operations to generate profits through direct revenue, licensing agreements, and royalties. The company plans to escalate operations to meet the demands of the fitness ring market and start deliveries on existing orders. Ensurge has pioneered Solid State Lithium Battery (SSLB) technology, positioning itself to potentially lead the global market in battery technology for all electronics. The company has solved manufacturing challenges associated with SSLB and is now focusing on enhancing energy density and cost reductions for broader market accessibility.
Ensurge Micropower ASA ha recentemente approvato il suo rapporto annuale e i bilanci per il 2023, puntando sulla transizione verso operazioni commerciali per generare profitti attraverso entrate dirette, accordi di licenza e royalties. La società prevede di intensificare le operazioni per rispondere alle esigenze del mercato degli anelli fitness e di iniziare le consegne sugli ordini esistenti. Ensurge ha guidato lo sviluppo della tecnologia delle batterie al litio allo stato solido (SSLB) e si posiziona per potenzialmente guidare il mercato globale nella tecnologia delle batterie per tutti i dispositivi elettronici. L'azienda ha risolto le sfide produttive associate alle SSLB e ora si concentra sul miglioramento della densità energetica e sulla riduzione dei costi per una maggiore accessibilità di mercato.
Ensurge Micropower ASA ha aprobado recientemente su informe anual y los estados financieros para 2023, con un enfoque en la transición hacia operaciones comerciales para generar ganancias a través de ingresos directos, acuerdos de licencia y regalías. La empresa planea intensificar operaciones para satisfacer las demandas del mercado de anillos de fitness y comenzar las entregas en los pedidos existentes. Ensurge ha sido pionera en la tecnología de Batería de Litio en Estado Sólido (SSLB), posicionándose para liderar potencialmente el mercado global en tecnología de baterías para todos los electrónicos. La compañía ha resuelto los desafíos de fabricación asociados con SSLB y ahora se enfoca en mejorar la densidad energética y reducir costos para un acceso más amplio al mercado.
Ensurge Micropower ASA는 최근 2023년 연간 보고서 및 재무제표를 승인하고 직접 수익, 라이센스 계약 및 로열티를 통해 수익을 창출하기 위해 상업 운영으로 전환하는 데 중점을 두었습니다. 회사는 피트니스 링 시장의 수요를 충족시키기 위해 운영을 확대하고 기존 주문에 대한 배송을 시작할 계획입니다. Ensurge는 고체 리튬 배터리(SSLB) 기술을 개척하여 모든 전자 제품의 배터리 기술에서 세계 시장을 선도할 잠재력을 자리매김하고 있습니다. 회사는 SSLB와 관련된 제조 문제를 해결했으며 이제 에너지 밀도 향상과 시장 접근성을 더 넓히기 위한 비용 절감에 중점을 두고 있습니다.
Ensurge Micropower ASA a récemment approuvé son rapport annuel et ses états financiers pour 2023, en se concentrant sur la transition vers des opérations commerciales afin de générer des profits par des revenus directs, des accords de licence et des royalties. La société prévoit d'intensifier ses opérations pour répondre aux demandes du marché des anneaux de fitness et de commencer les livraisons sur les commandes existantes. Ensurge a été pionnière dans la technologie des batteries lithium à l'état solide (SSLB), se positionnant pour potentiellement mener le marché mondial de la technologie des batteries pour tous les appareils électroniques. La société a résolu les défis de fabrication associés aux SSLB et se concentre désormais sur l'amélioration de la densité énergétique et la réduction des coûts pour une plus grande accessibilité du marché.
Ensurge Micropower ASA hat kürzlich seinen Jahresbericht und die Finanzaufstellung für 2023 genehmigt, mit einem Fokus auf den Übergang zu kommerziellen Operationen, um Gewinne durch direkte Einnahmen, Lizenzvereinbarungen und Tantiemen zu erwirtschaften. Das Unternehmen plant, die Operationen zu eskalieren, um den Anforderungen des Fitnessring-Marktes gerecht zu werden und mit der Auslieferung bestehender Aufträge zu beginnen. Ensurge hat die Technologie der Festkörper-Lithiumbatterien (SSLB) vorangetrieben und positioniert sich, um möglicherweise den globalen Markt in der Batterietechnologie für alle Elektronik zu führen. Das Unternehmen hat Herstellungsprobleme im Zusammenhang mit SSLB gelöst und konzentriert sich nun auf die Verbesserung der Energiedichte und Kostensenkungen, um einer breiteren Marktzugänglichkeit.
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The Board of Directors of Ensurge Micropower ASA ("Ensurge") approved the annual report and the annual financial statements for 2023 on 24 April 2024. The financial statements are consistent with the preliminary report disclosed on 20 February 2024. The auditor's report contains an emphasis of matter paragraph regarding going concern. The Board does not propose a dividend. The annual report and financial statements for 2023 are enclosed to this announcement and are also available at the Company's website www.ensurge.com (http://www.ensurge.com/).
Outlook Summary
Ensurge is now transitioning into a crucial phase of its corporate journey, evolving from a purely research and development entity into initiating commercial operations.
Our focus is to generate profits through direct revenue, licensing agreements and royalties.
In the second quarter, we plan to escalate our operations to meet the growing demands of the fitness ring market and to start deliveries on existing orders.
Moreover, we are poised to strategically capitalize on a unique opportunity crafted by four years of dedicated development and the exploitation of advanced roll-to-roll thin film stainless steel technologies, which culminated in the creation of the world’s first SSLB (Solid State Lithium Battery).
Despite industry projections that SSLB technology would not emerge for several years, Ensurge has pioneered and mastered it, positioning ourselves to potentially lead the global market in battery technology for all electronics.
The market for our products is expanding rapidly as the demand for advanced electronics escalates.
Having solved the complex manufacturing challenges associated with SSLB, we are now able to expand our technology roadmap beyond the current generation. While maintaining our focus on immediate goals, we have commenced developing the subsequent phases of our strategy. These advancements promise significant enhancements in energy density and cost reductions, making the broader electronics market a feasible target for our technology.
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.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contact Investor Relations E-mail: IR@ensurge.com
Lars Eikeland, CEO at Ensurge E-mail: lars.eikeland@ensurge.com
What did the Board of Directors of Ensurge Micropower ASA approve on 24 April 2024?
The Board approved the annual report and financial statements for 2023.
What is Ensurge Micropower ASA focusing on in its corporate journey?
Ensurge is transitioning into a phase of initiating commercial operations to generate profits through direct revenue, licensing agreements, and royalties.
What technology has Ensurge Micropower ASA pioneered?
Ensurge has pioneered Solid State Lithium Battery (SSLB) technology.
How is Ensurge Micropower ASA planning to expand its technology roadmap?
Ensurge plans to enhance energy density and reduce costs for broader market accessibility beyond the current generation.
