Ensurge Micropower ASA - Financial Report - Third Quarter 2021
Ensurge Micropower ASA announced its Q3 2021 interim report on November 17, highlighting key achievements. The company built its first stacked batteries, marking a significant milestone towards customer samples. Ensurge signed a second customer agreement in the medical hearables market and is negotiating proposals in medical wearables and industrial applications. The company appointed manufacturing veteran Jay Tu as VP Operations. CEO Kevin Barber will provide further insights in a web conference on the same day.
- Successfully built first stacked batteries, critical for customer sampling.
- Signed second customer agreement with a leader in medical hearables.
- Negotiating proposals for medical wearables and industrial applications.
- Hired experienced VP Operations, enhancing manufacturing capabilities.
- None.
Oslo, 17 November 2021
Ensurge Micropower ASA ("Ensurge" or the "Company") today released its interim report for the third quarter of 2021 and the condensed consolidated financial statements as of 30 September 2021 for the Ensurge Micropower ASA group.
Report highlights include:
Recent achievements
- Built first stacked batteries utilizing cell-stacking equipment and roll-based unit-cells - significant key milestone towards delivering customer samples
- Signed second customer agreement with global leader in medical hearables market, expanding coverage in important market segment
- Proposals in negotiation with prospects in medical wearables and industrial applications
- Hired roll-based, low-cost manufacturing veteran Jay Tu as VP Operations
CEO Kevin Barber will discuss the Company's progress via web conference on Wednesday 17 November 2021 at 8:00am Central European Time. At the time of the event, the conference can be accessed at https://channel.royalcast.com/landingpage/hegnarmedia/20211117_1/ . Following the event, a recording will be available on the Company's investor relations website at https://ensurge.com/investor-relations/presentations-webcasts/
About Ensurge
Ensurge is Energizing Innovation™ with ultrathin, flexible, and safe energy storage solutions for wearable devices, connected sensors, and beyond. Ensurge's innovative solid-state lithium battery (SSLB) technology is uniquely positioned to enable the production of powerful, lightweight, and cost-effective rechargeable batteries for diverse applications. The company's state-of-the-art flexible electronics 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 SSLB 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
Phone: +47 99 16 76 72
Kevin Barber - Chief Executive Officer
E-mail: kevin.barber@ensurge.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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