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Ensurge Micropower ASA – Organizational Change

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Ensurge Micropower ASA announces that its acting Chief Financial Officer (CFO), Tarun Anand, will leave the company on 14 April 2023 for another position. The company has arranged for interim CFO services from former CFO Dave Williamson while seeking a permanent replacement. Ensurge is known for its ultrathin, flexible, and safe energy storage solutions, particularly in the solid-state lithium battery (SSLB) sector. The company leverages advanced manufacturing techniques in Silicon Valley to deliver innovative battery technology for various applications.

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  • Interim CFO services secured from experienced former CFO Dave Williamson.
Negative
  • Departure of acting CFO may signal instability or transition challenges.

Oslo, 3 April 2023

Ensurge Micropower ASA announces that its acting Chief Financial Officer (CFO), Tarun Anand, has accepted another position outside Ensurge Micropower ASA and will therefore end his work for Ensurge Micropower ASA effective as of 14 April 2023. Ensurge Micropower will appoint a new permanent CFO in due course and has already secured the necessary interim services from Dave Williamson, who was the Company’s previous CFO.

Contact Ståle Bjørnstad - Investor Relations E-mail: stale.bjornstad@ensurge.com(mailto:stale.bjornstad@ensurge.com) Phone: +47 99 16 76 72 

About Ensurge Micropower

Ensurge is Energizing Innovation (TM) 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.

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


FAQ

When is the acting CFO of Ensurge leaving?

The acting CFO, Tarun Anand, will leave Ensurge Micropower ASA on 14 April 2023.

Who is taking over as interim CFO at Ensurge Micropower?

Dave Williamson, the former CFO, is providing interim CFO services.

What does Ensurge Micropower specialize in?

Ensurge Micropower specializes in ultrathin, flexible, and safe energy storage solutions, particularly solid-state lithium batteries.

What is the significance of the CFO transition for ENMPY investors?

The CFO transition may indicate potential instability, which could concern investors.

ENSURGE MICROPOWER S/ADR

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