Enovix Secures Landmark Purchase Order for Silicon Batteries
Enovix (ENVX) has secured a significant pre-paid purchase order from a leading Silicon Valley-based AI and immersive technology company for custom battery solutions designed for Mixed Reality (MR) wearables. The batteries will power next-generation head-worn devices, including smart glasses and augmented reality products.
Initial shipments are scheduled for mid-2025, with production taking place at the company's Fab2 facility in Penang, Malaysia. The agreement adds substantial contracted backlog to Fab2's production pipeline. Enovix's 3D silicon anode technology was chosen for its high energy density, compact form factor, and performance capabilities essential for MR applications.
The company plans to launch EX-1M this year and EX-2M in 2026, demonstrating its commitment to advancing battery technology for next-generation devices.
Enovix (ENVX) ha ottenuto un'importante ordine di acquisto prepagato da una delle principali aziende della Silicon Valley specializzata in AI e tecnologie immersive per soluzioni di batterie personalizzate progettate per dispositivi di Realtà Mista (MR). Le batterie alimenteranno dispositivi indossabili di nuova generazione, tra cui occhiali intelligenti e prodotti di realtà aumentata.
Le spedizioni iniziali sono programmate per metà 2025, con produzione che si svolgerà presso il Fab2 in Malesia. L'accordo aggiunge un sostanziale backlog contrattato alla pipeline produttiva di Fab2. La tecnologia dell'anodo in silicio 3D di Enovix è stata scelta per la sua alta densità energetica, il formato compatto e le capacità di prestazione essenziali per le applicazioni MR.
L'azienda prevede di lanciare EX-1M quest'anno e EX-2M nel 2026, dimostrando il suo impegno nel migliorare la tecnologia delle batterie per i dispositivi di nuova generazione.
Enovix (ENVX) ha asegurado una importante orden de compra pre-pagada de una empresa líder en tecnología inmersiva e inteligencia artificial basada en Silicon Valley para soluciones de baterías personalizadas diseñadas para dispositivos de Realidad Mixta (MR). Las baterías alimentarán dispositivos portátiles de próxima generación, incluidos gafas inteligentes y productos de realidad aumentada.
Los envíos iniciales están programados para mediados de 2025, con producción que tendrá lugar en las instalaciones Fab2 en Penang, Malasia. El acuerdo añade un backlog contractual sustancial a la pipeline de producción de Fab2. La tecnología del ánodo de silicio 3D de Enovix fue seleccionada por su alta densidad energética, su forma compacta y sus capacidades de rendimiento esenciales para las aplicaciones de MR.
La empresa planea lanzar EX-1M este año y EX-2M en 2026, demostrando su compromiso con el avance de la tecnología de baterías para dispositivos de próxima generación.
Enovix (ENVX)는 실리콘 밸리에 본사를 둔 AI 및 몰입형 기술 회사로부터 혼합 현실(MR) 웨어러블을 위한 맞춤형 배터리 솔루션에 대한 중요한 선불 구매 주문을 확보했습니다. 이 배터리는 스마트 글래스와 증강 현실 제품을 포함한 차세대 착용형 장치를 전원 공급합니다.
초기 배송은 2025년 중반으로 예정되어 있으며, 생산은 말레이시아 페낭의 Fab2 시설에서 진행됩니다. 이 계약은 Fab2의 생산 파이프라인에 상당한 계약 잔액을 추가합니다. Enovix의 3D 실리콘 음극 기술은 MR 응용 분야에 필수적인 높은 에너지 밀도, 소형 설계 및 성능을 보여준 경험으로 선택되었습니다.
회사는 올해 EX-1M을 출시할 계획이며, EX-2M은 2026년에 출시할 예정으로, 차세대 장치를 위한 배터리 기술 발전에 대한 의지를 보여주고 있습니다.
Enovix (ENVX) a obtenu une commande importante prépayée d'une entreprise leader en technologie immersive et en intelligence artificielle basée dans la Silicon Valley pour des solutions de batterie personnalisées conçues pour des dispositifs de Réalité Mixte (MR). Les batteries alimenteront des dispositifs portables de nouvelle génération, y compris des lunettes intelligentes et des produits de réalité augmentée.
Les premières expéditions sont prévues pour mi-2025, avec une production prévue dans les locaux de Fab2 à Penang, Malaisie. L'accord ajoute un volume de commandes contractuelles substantiel au pipeline de production de Fab2. La technologie d'anode en silicium 3D d'Enovix a été choisie pour sa haute densité énergétique, son format compact et ses capacités de performance essentielles pour les applications MR.
L'entreprise prévoit de lancer EX-1M cette année et EX-2M en 2026, démontrant son engagement à faire progresser la technologie des batteries pour des dispositifs de nouvelle génération.
Enovix (ENVX) hat eine bedeutende vorab bezahlte Bestellung von einem führenden Unternehmen für KI und immersive Technologie aus dem Silicon Valley für maßgeschneiderte Batterielösungen gesichert, die für Mixed-Reality (MR) Wearables entwickelt wurden. Die Batterien werden zukünftige tragbare Geräte mit Energie versorgen, einschließlich smarter Brillen und Produkte der erweiterten Realität.
Die ersten Lieferungen sind für mitte 2025 geplant, wobei die Produktion in der Fab2-Anlage in Penang, Malaysia stattfinden wird. Die Vereinbarung fügt der Produktionspipeline von Fab2 einen erheblichen Auftragsbestand hinzu. Die 3D-Silizium-Anodentechnologie von Enovix wurde aufgrund ihrer hohen Energiedichte, kompakten Bauform und Leistungsmerkmale, die für MR-Anwendungen entscheidend sind, ausgewählt.
Das Unternehmen plant, EX-1M in diesem Jahr und EX-2M im Jahr 2026 auf den Markt zu bringen, was sein Engagement für die Fortschritte in der Batterietechnologie für zukünftige Geräte belegt.
- Secured prepaid purchase order from major tech company
- Adds significant contracted backlog for Fab2 facility
- Validates Enovix's technology in emerging MR market
- Establishes partnership with influential AI/MR company
- Delivery timeline extends to mid-2025, indicating delayed revenue recognition
Insights
This purchase order represents a significant technological validation for Enovix's silicon anode battery technology. Their 3D silicon architecture enables up to 2-3x higher energy density compared to traditional lithium-ion batteries, making it particularly valuable for space-constrained wearable devices. The pre-payment component suggests strong confidence in Enovix's delivery capabilities and technology readiness.
The focus on MR wearables is strategically sound - these devices require batteries that can deliver high power in a compact form factor while maintaining safety standards. The EX-1M and planned EX-2M platforms demonstrate a clear technology roadmap that aligns with the evolving needs of the MR market. Having a major AI/MR player as a customer provides important industry validation.
The mixed reality device market is projected to grow at a CAGR of 38.6% through 2030. Securing a contract with a leading AI/MR technology company positions Enovix to capture significant market share in this high-growth sector. The pre-paid nature of the order provides immediate working capital and validates the commercial viability of their technology.
The timing of this deal is particularly strategic as it coincides with the ramp-up of their Fab2 facility in Malaysia, providing guaranteed demand that helps justify the manufacturing expansion. For investors, this represents tangible evidence of market traction and potential revenue growth, especially important given the company's transition from R&D to commercial production.
While specific financial terms weren't disclosed, this deal carries multiple positive implications for Enovix's valuation. The pre-paid structure improves working capital efficiency and reduces execution risk. The contract's inclusion in the backlog for Fab2 suggests meaningful revenue potential, likely in the multi-million dollar range given the customer's profile and application scope.
The partnership with a major tech player could lead to follow-on orders and additional customer wins in the wearables space. The market is particularly watching execution on timeline commitments, with initial deliveries scheduled for mid-2025. Meeting these milestones would significantly de-risk the company's commercialization strategy and could catalyze multiple expansion.
FREMONT, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced it received a sizable pre-paid purchase order from a Silicon Valley-based global technology leader in Artificial Intelligence (AI) and immersive technologies. The order is for a cutting-edge battery solution tailored for next-generation head-worn Mixed Reality (MR) wearables. These batteries will support the revolution of smart glasses, augmented reality devices, and other pioneering products in the MR space. Under the terms of the agreement, Enovix is scheduled to deliver initial shipments by mid-2025, solidifying its position as a leader in delivering breakthrough battery solutions.
Enovix CEO Dr. Raj Talluri commented, “I’m incredibly excited for Enovix to be selected by another leading OEM in this emerging space. This is a defining moment for Enovix. It not only adds meaningful contracted backlog for Fab2 in Penang, Malaysia, but also firmly establishes Enovix as a trusted partner for custom battery development with one of the largest and most influential companies driving AI and MR innovation. MR headsets are an ideal application for our unique 3D silicon anode technology, which meets the demanding requirements for high energy density, compact form factors, and unparalleled performance. With the launch of EX-1M this year and EX-2M slated for 2026, Enovix is committed to bolstering the MR ecosystem by delivering bespoke battery solutions that empower next-generation devices. This agreement underscores our leadership in advancing battery technology to power the devices of tomorrow.”
About Enovix
Enovix is on a mission to deliver high-performance batteries to unlock the full potential of technology products. Every electronic appliance – for IoT, mobile, and computing – needs a better battery. Enovix is partnering with OEMs worldwide to usher in a new era of user experiences. Our innovative, materials-agnostic battery architecture creates higher-performing batteries without compromising safety and keeps us on the cutting-edge.
Enovix is headquartered in Silicon Valley with facilities in India, Korea and Malaysia. For more information visit www.enovix.com and follow us on LinkedIn.
For media and investor inquiries, please contact: Robert Lahey Email: ir@enovix.com
FAQ
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