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Overview of Ensurge Micropower Asa
Ensurge Micropower Asa (ENMPY) is a technology-driven company specializing in the development and production of advanced energy storage solutions. The company operates at the forefront of microbattery innovation, addressing the growing demand for efficient, compact, and durable power sources across various high-growth industries. With a focus on enabling next-generation applications, Ensurge leverages cutting-edge solid-state lithium technology to deliver microbatteries that are lightweight, flexible, and environmentally sustainable.
Core Business and Technology
At its core, Ensurge Micropower is dedicated to revolutionizing energy storage through its proprietary solid-state microbattery technology. Unlike traditional lithium-ion batteries, Ensurge's microbatteries are designed to offer superior energy density, faster charging capabilities, and enhanced safety features. These advantages make them particularly well-suited for applications in the Internet of Things (IoT), wearable devices, medical implants, and other miniaturized electronics. The company's innovative approach to energy storage not only addresses the limitations of conventional batteries but also aligns with the increasing demand for sustainable and efficient power solutions.
Target Markets and Applications
Ensurge Micropower primarily targets industries that require compact and reliable energy storage solutions. Key market segments include:
- IoT Devices: As the IoT ecosystem continues to expand, the need for efficient and long-lasting power sources for sensors, trackers, and other connected devices is growing exponentially.
- Wearable Technology: From fitness trackers to smartwatches, wearable devices demand lightweight and flexible batteries that can withstand daily use.
- Medical Devices: Ensurge's microbatteries are ideal for powering medical implants and other healthcare technologies that require high reliability and safety.
By focusing on these high-growth sectors, Ensurge positions itself as a critical enabler of technological advancement in these domains.
Competitive Landscape
In the competitive landscape of advanced energy storage, Ensurge Micropower differentiates itself through its proprietary solid-state technology and focus on micro-scale applications. Key competitors include traditional lithium-ion battery manufacturers and emerging players in the solid-state battery space. Ensurge's emphasis on flexibility, safety, and sustainability provides a unique value proposition, allowing it to carve out a niche in the rapidly evolving energy storage market.
Business Model and Revenue Streams
Ensurge generates revenue through the production and sale of its microbattery products, as well as potential licensing agreements and partnerships with device manufacturers. The company's business model is centered on scaling its technology to meet the needs of various industries, ensuring both cost efficiency and high performance. By collaborating with industry leaders, Ensurge aims to integrate its solutions into a wide range of applications, thereby driving adoption and market penetration.
Significance in the Industry
Ensurge Micropower's contributions to the energy storage industry are significant, as its innovations address critical challenges such as miniaturization, energy efficiency, and sustainability. By enabling new possibilities in IoT, wearables, and medical technology, the company plays a vital role in advancing these sectors. Its focus on solid-state technology positions it as a forward-thinking player in the competitive energy storage landscape, offering solutions that align with the evolving needs of modern technology.
Oslo, Norway - 27 April 2023 - Ensurge Micropower ASA announces that Terje Rogne is proposed to be elected as the new Chair of the Board of Directors at the Annual General Meeting on 24 May 2023. Rogne will succeed Morten Opstad, who will continue as a board member. The Nomination Committee believes Rogne's extensive experience in multinational enterprises will significantly contribute to scaling the company’s operations towards profitability. The committee also expressed gratitude to Opstad for his years of service. Ensurge is known for its ultrathin, flexible energy storage solutions and innovative solid-state lithium battery technology aimed at various applications.
The Financial Supervisory Authority of Norway has approved a listing prospectus for Ensurge Micropower, allowing 500,000,000 new shares to be listed on Oslo Børs. The shares are part of a private placement announced on February 15, 2023, which established a new ISIN. The shares are set to be tradable starting April 26, 2023, following the publication of the prospectus dated April 25, 2023. Ensurge specializes in ultrathin, flexible solid-state lithium microbatteries designed for various devices, including wearables and IoT sensors, utilizing advanced manufacturing techniques.
Ensurge Micropower ASA has updated its Financial Calendar for 2023, indicating that the Annual Report for 2022 will now be published on 27 April 2023, a shift from the previously announced date of 20 April 2023. This announcement complies with the Continuing Obligations under the Euronext Oslo Børs Rule Book II.
For investor inquiries, Ståle Bjørnstad can be contacted via email at stale.bjornstad@ensurge.com or by phone at +47 99 16 76 72.
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.
On March 14, 2023, Ensurge Micropower ASA held an Extraordinary General Meeting approving a share capital increase, now registered at NOK 74,422,849.80 across 744,228,498 shares, each with a par value of NOK 0.10. The new shares are set to be issued with a temporary ISIN, transitioning to the ordinary ISIN for trading on Oslo Børs under the ticker 'ENSU' upon the listing prospectus's approval. Ensurge specializes in solid-state lithium battery technology, focusing on innovative energy storage solutions for wearables and connected devices, driven by its advanced manufacturing facility in Silicon Valley.
Ensurge Micropower ASA announced on March 14, 2023, that its Extraordinary General Meeting (EGM) approved all proposals, including a share capital reduction. This reduction, now registered, brings the company's share capital to NOK 24,422,849.80, divided into 244,228,498 shares, each with a par value of NOK 0.10. A subsequent share capital increase, also resolved in the EGM, will be registered separately. Ensurge focuses on ultrathin, flexible, and safe energy storage solutions, particularly its innovative solid-state lithium battery technology for various applications.
Ensurge Micropower ASA reported that Viking Power Systems Pte Ltd has been allocated 50,750,000 shares in a recent Private Placement, following the approval of issuance for 500,000,000 shares at the Extraordinary General Meeting on March 14, 2023. This allocation raises Viking Power's shareholding to 6.81% of the total outstanding shares of the Company. The disclosure is mandated by Norwegian law as the shareholder has crossed the 5% threshold for voting rights and shares.
This event is pivotal as it signifies a notable increase in Viking Power's stake in Ensurge Micropower ASA.
Ensurge Micropower ASA announced a disclosure by shareholder Robert Napier Keith following the company's recent Private Placement of 500 million new shares. After the allocation, Keith's shareholding dropped to 11.64%, totaling 86,642,557 shares, marking a significant shift in his voting rights and ownership. This disclosure was mandated as Keith fell below the 15% threshold of total voting rights in the company. The announcement aligns with the requirements of the Norwegian Securities Trading Act, reflecting changes in major shareholder positions.
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