Mandate Announcement and Trading Update

Rhea-AI Summary

Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) has engaged Pareto Securities AS to explore a potential private placement of shares aimed at enhancing manufacturing capabilities and expanding into new markets. The specifics regarding timing, structure, and size of the placement will depend on market conditions and corporate decisions, with no guarantee that it will occur. Additional details about the placement will be released in the future. Ensurge specializes in ultrathin, flexible energy storage solutions, focusing on solid-state lithium battery technology.

Positive

• Engagement of Pareto Securities to facilitate a share placement potentially indicates growth opportunities.
• Focus on enhancing manufacturing capabilities and expanding into new markets may boost long-term revenue.

Negative

• No assurance of completion of the private placement raises uncertainty for investors.
• Dependence on market conditions may delay growth initiatives.

Oslo, 19 January 2022

Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) (the "Company") has retained Pareto Securities AS to assist and advise on a potential private placement of shares (the "Placing"). The potential Placing will be carried out to expand the manufacturing capabilities of the company and to expand the company’s presence in new evolving markets. The timing, structure and size of the Placing will be subject to, inter alia, prevailing market conditions and necessary corporate resolutions, and no assurance can be given that the Company will carry out the Placing, now or at any other time.

More information about the Placing, if and when resolved, will be published in due course.

A Trading update is attached. 

About Ensurge 

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. 

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 to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Attachment

• Stock Exchange Notice Trading Update 220119

FAQ

What is the purpose of the private placement by Ensurge Micropower (ENMPY)?

The private placement aims to expand manufacturing capabilities and enhance the company's presence in new markets.

Who is assisting Ensurge Micropower with the potential private placement?

Ensurge Micropower has retained Pareto Securities AS to assist and advise on the potential private placement.

Will Ensurge Micropower definitely proceed with the private placement?

No assurance can be given that the company will carry out the private placement, as it is subject to market conditions and corporate resolutions.

When can we expect more information about the private placement for ENMPY?

More details regarding the private placement will be published in due course if and when resolved.

What technology does Ensurge Micropower focus on?

Ensurge specializes in ultrathin, flexible energy storage solutions with a focus on solid-state lithium battery technology.