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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.
Ensurge Micropower ASA has released its Q4 2021 interim report, showcasing major advancements. The company plans to ship functional samples soon, having optimized its packaging and battery integration processes. It has prepared its roll-to-roll line for solid-state microbattery production. Significant customer agreements with a Fortune 500 company and a leader in digital health were announced, highlighting increased customer leads. These developments affirm Ensurge's position in the energy storage market.
As of February 22, 2022, Morten Opstad, Chair of the Board of Ensurge Micropower ASA, holds a total of 528,619,427 shares, representing 28.22% of the company's share capital and voting rights. This includes a proxy to vote for 513,223,779 shares (27.40%) and voting instructions for 15,395,648 shares (0.82%). The Extraordinary General Meeting is scheduled for February 24, 2022. Ensuring a strong voting presence, Mr. Opstad and close associates' holdings underline significant shareholder engagement.
Ensurge Micropower ASA will hold a webcast on February 23, 2022, at 8:00 AM CET to discuss its fourth-quarter 2021 results. CEO Kevin Barber will present the company's advancements in ultrathin, flexible battery technology and its manufacturing strategies. The event will be accessible via a provided link, and a recording will be available on the company's investor relations website afterward. Ensurge focuses on innovative solid-state lithium battery solutions suitable for wearable devices and connected sensors, headquartered in Oslo and San Jose.
As of 18 February 2022, Morten Opstad, Chair of the Board of Ensurge Micropower ASA, holds significant voting rights ahead of the Extraordinary General Meeting on 24 February 2022. He possesses a total of 257,283,147 shares, equating to 13.74% of the company's share capital and voting rights. This total includes 257,070,756 shares via proxy representation, which accounts for 13.72%, and 212,391 shares with voting instructions, making up 0.01%.
On February 14, 2022, Ensurge Micropower ASA announced the successful registration of a share capital increase following a private placement. The first tranche of the placement involved the allocation of 125,561,401 new shares, while the second tranche allocated 41,105,265 new shares, generating total gross proceeds of approximately NOK 100 million. With this capital increase, the company's share capital now stands at NOK 206,042,023.33, divided into 1,873,109,303 shares, each with a par value of NOK 0.11.
Ensurge Micropower ASA will host an Extraordinary General Meeting on February 24, 2022, at 9:00 (CET) as an electronic meeting. The notice includes details on how to attend and participate online in both English and Norwegian. For further information, investors can contact Ståle Bjørnstad, Investor Relations, via email at stale.bjornstad@ensurge.com or reach out to CEO Kevin Barber directly.
This meeting is organized in compliance with the disclosure requirements of the Norwegian Securities Trading Act.
An Extraordinary General Meeting for Ensurge Micropower ASA is set for Thursday, February 24, 2022, at 9:00 (CET). This meeting will be conducted electronically, and participants can find the notice, attendance forms, and online participation guides in both English and Norwegian. For further information, investors can contact Ståle Bjørnstad in Investor Relations via email or phone, or reach out to CEO Kevin Barber through his email. This announcement complies with the Norwegian Securities Trading Act disclosure requirements.
Ensurge Micropower ASA announces the successful placement of a private placement for new shares, totaling approximately NOK 100 million from two tranches. Tranche 1 includes 125,561,401 shares, while Tranche 2 consists of 41,105,265 shares. The proceeds will be used for general corporate purposes, including expanding manufacturing capabilities. The subscription price is NOK 0.60 per share, reflecting favorable market conditions. The company will also issue warrants to subscribers, which will be subject to approval at an upcoming extraordinary general meeting.
Ensurge Micropower ASA has initiated a private placement of 116,666,666 to 166,666,666 new shares at NOK 0.60 each, aiming to raise up to NOK 100 million. Proceeds will support general corporate purposes, including expanding manufacturing and market presence. Key investors have pre-committed about NOK 70 million, including substantial contributions from major stakeholders. The placement consists of two tranches, with shares becoming tradable on specific dates. The completion of both tranches is contingent upon board approval and a forthcoming extraordinary general meeting.
On February 2, 2022, Ensurge Micropower ASA (OTCQB: ENMPY) announced a significant customer agreement with a Fortune 500 industrial firm for the delivery of customized solid-state microbatteries. This deal marks Ensurge's entry into the IoT and industrial sectors, with expected initial payments forthcoming. CEO Kevin Barber highlighted the microbattery’s unique features, including safety and faster charging. Ensurge aims to expand its customer base beyond hearing aids to include diverse applications. With a focus on energy harvesting, Ensurge sees substantial growth opportunities in the evolving market landscape.
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