ENSURGE MICROPOWER S/ADR - ENMPY STOCK NEWS

Ensurge Micropower ASA announced a successful private placement of new shares, raising approximately NOK 55 million through two tranches. Tranche 1 comprises 18,256,183 shares, while Tranche 2 includes 9,243,817 shares, all priced at NOK 2.0. Proceeds will support ongoing operations and development, with expectations for strategic partnerships to cover cash expenses from Q1 2023. The share capital will increase to NOK 232,634,834.19 following Tranche 1. An extraordinary general meeting is set to discuss Tranche 2. A subsequent offering may also occur, subject to certain approvals.

Ensurge Micropower ASA has announced a private placement seeking to raise NOK 50-70 million through the issuance of new ordinary shares. Initial subscriptions total approximately NOK 48 million from key investors, including Robert Keith and Alden AS. The bookbuilding period begins on November 8, 2022, and ends on November 9, 2022. The proceeds will fund operations and development. The private placement is structured into two tranches, with Tranche 1 subject to current authorizations and Tranche 2 pending extraordinary general meeting approval. Ensurge’s Q3 2022 results are aligned with expectations.

Ensurge Micropower (OTCQX: ENMPY) announced a breakthrough in manufacturing solid-state lithium microbatteries, beginning customer sampling with its first packaged battery shipments. These samples enable partners to evaluate the innovative 1-100 mAh technology designed for wearables and IoT devices. The company has achieved critical milestones in battery performance and production capability, with optimized packaging that maintains cycling efficiency. This development positions Ensurge to meet the needs of a growing market for rechargeable batteries in various applications.

Ensurge Micropower (OTCIQ: ENMPY) has initiated a strategic partnership by shipping microbattery unit-cell samples to a major battery technology company, advancing its commercialization of solid-state Lithium microbattery technology. This collaboration aims to explore various applications within the billion-unit market for wearables and connected sensors. Ensurge's CEO, Kevin Barber, highlighted the company's expanding engagement with several potential partners and their interest in leveraging Ensurge's technology for new products and applications.

Ensurge Micropower (OTC: ENMPY) announced the shipment of microbattery unit cell samples to a leading digital health customer. This marks a pivotal step towards full production, with milestone-based payments from the customer. CEO Kevin Barber highlighted that the microbattery meets rapid charging requirements, enabling innovative product features not possible with conventional Lithium-Ion batteries. Ensurge's solid-state microbatteries can charge 2-3 times faster than traditional designs, catering specifically to the unique power needs of digital health devices.

Ensurge Micropower (OTCQX: ENMPY) has shipped samples of its solid-state lithium microbattery units to a prominent global battery supplier, marking a significant step in its commercialization efforts. The microbatteries are designed for applications requiring 1 mAh to 100 mAh, boasting superior energy density and faster charging capabilities. CEO Kevin Barber emphasized the technology's potential benefits in powering devices like fitness trackers and IoT sensors. This partnership reflects extensive prior discussions between the companies on leveraging Ensurge's advanced technology.

On September 1, 2022, Ensurge Micropower (OTCIQ: ENMPY) announced the shipment of its first rechargeable solid-state lithium microbattery unit cell samples to a potential strategic partner. This achievement marks a significant milestone towards commercializing its microbattery technology, which offers higher energy density and faster charging compared to alternatives. Ensurge is actively engaging with multiple partners interested in leveraging its technology for next-generation devices. The company is also ramping up production of more unit cell samples for both new and existing customers.

Ensurge Micropower (OTC: ENMPY) has appointed Tarun Anand as the new Acting Chief Financial Officer, replacing retiring CFO Dave Williamson. Tarun, with over 20 years of experience in finance at notable firms like Hewlett Packard and Thermo Fisher, will play a crucial role as the company shifts from product development to commercialization of its solid-state lithium microbatteries. CEO Kevin Barber acknowledged Williamson's significant contributions in guiding the company during a critical growth phase. This leadership change aims to enhance financial performance and shareholder value.

Ensurge Micropower (OTCQX: ENMPY) has signed its first agreement with a major multinational consumer devices leader, marking a strategic partnership to enhance the adoption of its solid-state lithium microbatteries. The company is finalizing the manufacturing of sample units for evaluation, expected to ship shortly. CEO Kevin Barber emphasized the partnership's aim to leverage Ensurge's technology for next-gen devices. Additionally, Ensurge is in talks with three other potential partners interested in its battery technology for various applications, indicating strong market interest.