Ensurge Micropower Asa Stock Price, News & Analysis

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.

Ensurge Micropower ASA (OSE: ENSU, OTCIQ: ENMPY) reported its interim results for the first half of 2022, emphasizing strategic partnerships and technological advancements. The company is engaging with four major technology firms, with initial product builds expected within weeks. It added 12 new customers to its pipeline, suggesting growing interest in its solid-state lithium microbattery technology. The report highlighted improvements in battery performance and a strong focus on operational readiness. A web conference on August 24, 2022, will provide further insights on the company's developments.

Ensurge Micropower ASA announced on 23 August 2022, the issuance of 850,000 incentive subscription rights to its employees, as part of a plan ratified during the Annual General Meeting on 25 May 2022. The rights have an exercise price of NOK 3.4320 per share, vesting 50% per year over two years, and expiring on 25 May 2027. With this issuance, the total outstanding incentive subscription rights amounts to 23,533,852.

Ensurge Micropower ASA will host a web conference on August 24, 2022, at 8:00 AM CET to discuss its 1H 2022 interim report and financial results. CEO Kevin Barber will present updates on the company’s innovative solid-state lithium battery (SSLB) technology and manufacturing activities. The conference will be available at this link, with a recording accessible afterward on the company’s investor relations website. Ensurge is known for its ultrathin, flexible, and safe energy storage solutions.

On August 17, 2022, an Extraordinary General Meeting (EGM) for Ensurge Micropower ASA approved all proposed resolutions, including a convertible loan of NOK 46,790,000 at an interest rate of 5% per annum. The loan can be converted into shares at a price of NOK 3.00, with conversion possible six months post-EGM and until August 17, 2023. The company is focused on solid-state lithium microbatteries, particularly for wearable devices and IoT sensors. Further details will be available on the company’s website.

As of August 15, 2022, Morten Opstad, Chair of the Board of Ensurge Micropower ASA, holds a total of 76,468,969 shares, representing 35.28% of the company's share capital and voting rights ahead of the Extraordinary General Meeting on August 17, 2022.

This includes proxy votes for 73,009,484 shares (33.68%) and voting instructions for 3,459,485 shares (1.60%). Ensurge specializes in solid-state lithium microbatteries for wearable devices and IoT sensors, emphasizing innovation and manufacturing in Silicon Valley.