SES AI Corporation - SES STOCK NEWS

SES AI (NYSE: SES), a leader in Li-Metal battery development, has announced its 2024 third quarter earnings call scheduled for October 31, 2024, at 5:00 p.m. ET. The company will release financial results after market close and host a conference call to discuss progress in Li-Metal cells for EVs, UAM, and drones, along with AI initiatives.

Investors can access the live webcast through SES's Investor Relations website and register in advance using the provided link. A Q&A submission link is available until October 30, 2024, at 11:00 p.m. ET. The call can also be accessed via phone with toll-free and international numbers provided. A webcast replay will be available shortly after the call.

SES AI (NYSE: SES) has announced two major milestones in its AI Initiative:

• The promotion of Dr. Kang Xu to Chief Technology Officer (CTO) to lead the company's AI efforts, effective October 17th, 2024.
• The signing of its first commercial agreement with a leading global electrolyte producer to accelerate Li-Metal and Li-ion electrolyte development across four key applications: EV, heavy-duty trucking, consumer electronics, and grid storage.

This partnership aims to revolutionize the global battery electrolyte market, which is expected to grow from $12bn to $25bn by 2030. Dr. Xu, with nearly 30 years of experience in battery electrolyte development, will lead SES AI's team of computational chemists, AI/ML scientists, data scientists, and battery scientists to create tangible results using its proprietary AI machine for commercial problem-solving in the battery industry.

SES AI (NYSE: SES), a leader in Li-Metal battery development, has received a notice from the New York Stock Exchange (NYSE) on September 26, 2024, stating non-compliance with Section 802.01C of the NYSE Listed Company Manual. The issue arises from the company's Class A common stock average closing price falling below $1.00 over 30 consecutive trading days, violating the minimum required for continued NYSE listing.

SES AI plans to respond within 10 business days, outlining its intent to address the deficiency and regain compliance. The company has a six-month cure period to achieve a closing share price of at least $1.00 and maintain an average closing price of $1.00 over 30 trading days. Alternatively, if shareholder approval is required, compliance can be achieved if the stock price promptly exceeds $1.00 and remains above that level for at least 30 trading days following the next annual stockholder meeting.

During this period, SES AI's Class A common stock will continue to be listed and traded on the NYSE, provided the company complies with other NYSE listing standards.

SES AI (NYSE: SES), a leader in Li-Metal battery development, announces its participation in four major AI and EV Battery conferences to showcase progress on its 'All-in on AI' initiative. The company will present at:

1. Air Taxi World Congress (Oct 9, 2024, Dubai): Dr. Qichao Hu discusses Advanced Air Mobility challenges and Li-Metal battery solutions.

2. MITAI Conference (Oct 26, 2024, New York City): Dr. Hu explores AI's potential in battery technology.

3. Advanced Lithium Batteries Conference (Oct 28-29, 2024, Montréal): Presentations on AI-accelerated materials discovery for Li-Metal batteries.

4. Supercomputing Conference (Nov 21, 2024, Atlanta): Update on SES AI's Avatar system for quality and safety in manufacturing.

These presentations will highlight SES AI's advancements in AI for Manufacturing, Safety, and Science within the battery industry.

SES AI (NYSE: SES) has announced a groundbreaking initiative to accelerate material discovery in electric transportation. The project aims to map the universe of small molecules using AI-powered supercomputers, revolutionizing battery chemistry understanding. This collaboration involves NVIDIA, Crusoe, and Supermicro, combining science, computing, and sustainability.

The initiative will use NVIDIA HGX H100 GPU clusters to generate a comprehensive database of molecular properties. SES AI will then construct advanced generative models and a 70-billion-parameter Llama 3 model trained on battery-related data. Promising candidates will undergo testing in SES AI's Electrolyte Foundry.

This project leverages Crusoe's sustainable AI cloud platform, aiming to minimize environmental impact while driving technological advancement in battery innovation for EVs, UAMs, and various applications.

SES AI (NYSE: SES), a leader in Li-Metal battery development, has announced its participation in the upcoming Water Tower Research Fireside Chat Series. The event, scheduled for September 5, 2024, at 1:00 p.m. Eastern Time, will feature Dr. Qichao Hu, the company's Founder, Chairman, and CEO. The discussion, hosted by Shawn Severson of Water Tower Research, will cover important topics including:

• SES AI's path for EV, UAM, and AI commercialization
• The company's go-to-market strategy and product roadmap
• Recent safety and product milestones

The Fireside Chat is open to all investors, with registration available through the provided link.

SES AI (NYSE: SES) has achieved a significant milestone in the commercialization of Li-Metal battery technology. The company's 100 Ah Li-Metal cells for automotive applications have become the first in the industry to pass the GB38031-2020 Electric Vehicles Traction Battery Safety Standard tests. This standard is widely recognized by SES AI's EV OEM partners and other leading manufacturers globally.

The GB38031-2020 standard involves rigorous tests including overcharge, over discharge, external short circuit, heating, temperature cycling, and crushing. This achievement follows SES AI's acquisition of the UN38.3 safety certificate last year. The company's CEO, Qichao Hu, emphasized the importance of this milestone, highlighting SES AI's decade-long commitment to refining Li-Metal chemistry and enhancing battery safety.

This development strengthens SES AI's commercialization momentum, following its advancement to the next phase of a JDA with Hyundai. The company also recently unveiled its All-in-on-AI strategy, leveraging AI for Science, Manufacturing, and Safety to accelerate Li-Metal battery commercialization.

SES AI (NYSE: SES) has announced the completion of its first Li-Metal cell production facility dedicated to Urban Air Mobility (UAM) in Chungju, South Korea. This marks a significant step in the company's commercialization of Li-Metal battery technology. The facility, which has completed its Field Acceptance Test (FAT), is the world's first high-energy density Li-Metal line specifically for UAM applications.

Key highlights include:

• Installation of AI for Manufacturing and AI for Safety
• Conversion of previous EV A-sample line to UAM line
• Recent GB38031-2020 certification for abuse safety
• Advancement to B-sample development with Hyundai Motor Company and Kia
• Implementation of All-in-one AI strategy for Science, Manufacturing, and Safety

This development positions SES AI as a leader in high-performance Li-Metal batteries for the emerging UAM market, complementing its existing efforts in the EV sector.

SES AI (NYSE: SES) announced its new 'All-in on AI' strategy during its Q2 2024 earnings report. The company is focusing on three AI solutions for batteries: AI for Manufacturing, AI for Safety, and AI for Science. These solutions are expected to generate revenue sooner than anticipated and shape the future of electric transportation.

Key highlights include:

• Lowered full-year 2024 cash usage guidance to $100M-$120M (previously $110M-$130M)
• Strong balance sheet providing liquidity into 2027
• Accelerating demand for UAM and drones, with cell testing agreements reached
• Potential to accelerate commercialization and profitability of Li-Metal for EV, UAM, and drones

CEO Dr. Qichao Hu emphasized the company's prudent cash management and the paradigm shift introduced by their AI solutions.