Ensurge Micropower ASA - Financial Report – 1H 2022
Ensurge Micropower ASA (OSE: ENSU, OTCIQ: ENMPY) reported its interim results for the first half of 2022, emphasizing strategic partnerships and technological advancements. The company is engaging with four major technology firms, with initial product builds expected within weeks. It added 12 new customers to its pipeline, suggesting growing interest in its solid-state lithium microbattery technology. The report highlighted improvements in battery performance and a strong focus on operational readiness. A web conference on August 24, 2022, will provide further insights on the company's developments.
- Engaged with four major strategic technology partners for product development.
- Added 12 new customers to the active engagement pipeline.
- Technological improvements reduced impedance, enhancing battery performance.
- None.
Ensurge Micropower ASA (OSE: ENSU,and OTCIQ: ENMPY), today released its interim report for the 1H 2022 and the condensed consolidated financial statements as of 30 June 2022 for the Ensurge Micropower ASA group.
Report highlights include:
Strategic Partners
Discussions with four major strategic technology companies
Building coin cells with our unit cells now
Initial builds will be completed in next few days and first shipments within next 2 weeks
Commercial Customers
Added 12 new customers to our pipeline of active engagements
Our customers continue to engage with us defining their products and solutions with Ensurge batteries
Technology Progress
Implemented interfacial engineering breakthroughs – knowledge which can also be translated to large-scale solid- state batteries
Significantly lowered impedance improving consistency of cycling and energy capacity
2022 Ongoing Focus
Strategic partner and commercial customer commercialization in parallel
Deliver coin-cell samples to potential strategic partners within two weeks
Deliver initial stacked samples to customers
Operational readiness for production deliveries
CEO Kevin Barber will discuss the Company's progress via web conference on Wednesday 24 August 2022 at 8:00am Central European Time. At the time of the event, the conference can be accessed at https://channel.royalcast.com/landingpage/hegnarmedia/20220823_8/.
Following the event, a recording will be available on the Company's investor relations website at https://ensurge.com/investor-relations/presentations- webcasts/.
The 1H22 financial report and the presentation used for the webcast are attached.
About Ensurge Micropower
Ensurge is Energizing Innovation(TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1-100 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. Ensurge Micropower ASA ("Ensurge") is a publicly listed company in Norway with corporate headquarters in Oslo and global headquarters in San Jose, California.
Contact
Ståle Bjørnstad - Investor Relations E-mail: stale.bjornstad@ensurge.com (mailto:stale.bjornstad@ensurge.com) Phone: +47 99 16 76 72
Kevin Barber - Chief Executive Officer E-mail: kevin.barber@ensurge.com (mailto:kevin.barber@ensurge.com)
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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