Ensurge Micropower ASA – Q1 2024

Rhea-AI Summary

Ensurge Micropower has released its Q1 2024 financial report. The company will present these results at its Annual General Meeting on May 14, 2024. Ensurge specializes in ultrathin, flexible, and safe solid-state lithium microbatteries for devices ranging from wearables to IoT sensors. Their advanced manufacturing facility in Silicon Valley leverages patented technology and roll-to-roll production to meet growing market demands. For more details, contact Investor Relations or CEO Lars Eikeland.

Positive

• Ensurge Micropower specializes in ultrathin, flexible, and safe solid-state lithium microbatteries, enhancing market appeal for wearables and IoT devices.
• State-of-the-art manufacturing facility in Silicon Valley boosts production efficiency and market reach.
• Patented technology and innovative materials enhance the product’s reliability and safety.
• Roll-to-roll production methods offer scalability and cost efficiency.

Negative

• The press release lacks specific financial figures, making it difficult to assess the company's financial health.
• No concrete details on revenue, earnings, or EPS for Q1 2024 were provided.
• The absence of detailed guidance for future quarters might concern potential investors.

The Ensurge Micropower Q1 2024 is attached.

Terje Rogne, the chairman, will host a presentation at the Ensurge Annual General Meeting May 14, 2024, at approximately 0930 CET.  Please see the company announcement on May 13, 2024 at 18:00 CET for instructions regarding how to join the presentation.

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. 

Contact 
Investor Relations 
E-mail: IR@ensurge.com
Lars Eikeland, CEO at Ensurge 
E-mail: lars.eikeland@ensurge.com

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

Attachment

• Ensurge_Q1_2024

FAQ

What did Ensurge Micropower announce in their Q1 2024 financial report?

Ensurge Micropower released its Q1 2024 financial report and will present the results at their Annual General Meeting on May 14, 2024.

What products does Ensurge Micropower specialize in?

Ensurge Micropower specializes in ultrathin, flexible, and safe solid-state lithium microbatteries for wearables, connected sensors, and IoT devices.

Where is Ensurge Micropower's manufacturing facility located?

Ensurge Micropower's state-of-the-art manufacturing facility is located in Silicon Valley.

What technologies does Ensurge Micropower utilize in their production?

Ensurge Micropower utilizes patented process technology, innovative materials, and roll-to-roll production methods.

When will Ensurge Micropower present their Q1 2024 results?

Ensurge Micropower will present their Q1 2024 results at their Annual General Meeting on May 14, 2024.