Enovix Reports Progress on 2025 Smartphone Launch
Enovix (ENVX) has achieved its second milestone in a smartphone battery development agreement from October 2024, resulting in a payment for delivered sample battery cells to a leading smartphone OEM. The customized samples meet specific requirements including superior cycle life, fast charge, and energy density compared to current market offerings.
The company also announced the successful completion of an ISO 9001:2015 audit at their Fab2 facility in Malaysia with no findings, receiving formal certification last week. CEO Raj Talluri confirmed the project remains on track for mass production in late 2025.
Enovix (ENVX) ha raggiunto il suo secondo traguardo in un accordo per lo sviluppo di batterie per smartphone a partire da ottobre 2024, con un pagamento per le celle di batteria campione consegnate a un importante produttore di smartphone. I campioni personalizzati soddisfano requisiti specifici, tra cui una durata del ciclo superiore, una carica rapida e una densità energetica rispetto alle attuali offerte di mercato.
L'azienda ha anche annunciato il completamento con successo di un audit ISO 9001:2015 presso il loro stabilimento Fab2 in Malesia, senza rilievi, ricevendo la certificazione formale la scorsa settimana. Il CEO Raj Talluri ha confermato che il progetto è in linea con i tempi per la produzione di massa entro la fine del 2025.
Enovix (ENVX) ha alcanzado su segundo hito en un acuerdo de desarrollo de baterías para smartphones a partir de octubre de 2024, resultando en un pago por las celdas de batería de muestra entregadas a un importante fabricante de smartphones. Las muestras personalizadas cumplen con requisitos específicos, incluyendo una vida útil del ciclo superior, carga rápida y densidad de energía en comparación con las ofertas actuales del mercado.
La compañía también anunció la finalización exitosa de una auditoría ISO 9001:2015 en su instalación Fab2 en Malasia, sin hallazgos, recibiendo la certificación formal la semana pasada. El CEO Raj Talluri confirmó que el proyecto sigue en camino para la producción en masa a finales de 2025.
Enovix (ENVX)는 2024년 10월부터 스마트폰 배터리 개발 계약의 두 번째 이정표를 달성하여 주요 스마트폰 OEM에 제공된 샘플 배터리 셀에 대한 지급을 받았습니다. 맞춤형 샘플은 현재 시장의 제품에 비해 우수한 사이클 수명, 빠른 충전 및 에너지 밀도와 같은 특정 요구 사항을 충족합니다.
회사는 또한 말레이시아의 Fab2 시설에서 ISO 9001:2015 감사의 성공적인 완료를 발표했으며, 발견 사항이 없었고 지난주에 공식 인증을 받았습니다. CEO Raj Talluri는 프로젝트가 2025년 말 대량 생산을 위한 일정에 맞춰 진행되고 있다고 확인했습니다.
Enovix (ENVX) a atteint son deuxième jalon dans un accord de développement de batteries pour smartphones à partir d'octobre 2024, ce qui a entraîné un paiement pour les cellules de batterie échantillons livrées à un important OEM de smartphones. Les échantillons personnalisés répondent à des exigences spécifiques, y compris une durée de cycle supérieure, une charge rapide et une densité énergétique par rapport aux offres actuelles du marché.
L'entreprise a également annoncé l'achèvement réussi d'un audit ISO 9001:2015 dans son usine Fab2 en Malaisie, sans constatations, recevant la certification formelle la semaine dernière. Le PDG Raj Talluri a confirmé que le projet est en bonne voie pour une production de masse fin 2025.
Enovix (ENVX) hat seinen zweiten Meilenstein in einer Vereinbarung zur Entwicklung von Smartphone-Batterien ab Oktober 2024 erreicht, was zu einer Zahlung für die gelieferten Musterbatteriezellen an einen führenden Smartphone-OEM führte. Die maßgeschneiderten Muster erfüllen spezifische Anforderungen, einschließlich einer überlegenen Zyklenlebensdauer, schneller Ladezeiten und Energiedichte im Vergleich zu den aktuellen Marktangeboten.
Das Unternehmen gab auch den erfolgreichen Abschluss eines ISO 9001:2015 Audits in seiner Fab2-Anlage in Malaysia bekannt, ohne Beanstandungen, und erhielt letzte Woche die offizielle Zertifizierung. CEO Raj Talluri bestätigte, dass das Projekt auf Kurs für die Serienproduktion Ende 2025 bleibt.
- Achieved second milestone payment from smartphone OEM agreement
- Successfully delivered customized battery samples meeting superior specifications
- Obtained ISO 9001:2015 certification with no major or minor findings
- On track for mass production timeline in late 2025
- None.
FREMONT, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced the completion of its second milestone, triggering a payment for sample battery cells shipped under a development agreement executed in October 2024 with a leading smartphone OEM. The samples were customized to specific requirements of the OEM, including cycle life, fast charge and energy density levels which Enovix believes are superior to any product available on the market today.
This development builds on recent achievements, including the completion of an ISO 9001:2015 audit of Fab2 in Malaysia with no major or minor findings. Enovix received formal ISO certification last week.
“I am pleased that our team continues to progress our most advanced smartphone agreement in-line with our aim for mass production late 2025,” said Enovix CEO Raj Talluri. “Passing the ISO audit and receiving the certification was also a significant milestone, reflecting our deep commitment to quality in manufacturing operations.”
About Enovix
Enovix is on a mission to deliver high-performance batteries that unlock the full potential of technology products. Everything from IoT, mobile, and computing devices, to vehicles and headsets, needs a better battery. The company has developed an innovative, materials-agnostic approach to building a higher performing battery without compromising safety, and it partners with OEMs worldwide to usher in a new era of user experiences.
Enovix is headquartered in Silicon Valley with facilities in India, Korea and Malaysia. For more information visit www.enovix.com and follow the company on LinkedIn.
Investor Contact:
Enovix Corporation
Robert Lahey
Email: ir@enovix.com
Media Contact:
Bateman Agency for Enovix
Kaelyn Attridge
Email: enovix@bateman.agency
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