SES AI Corporation - SES STOCK NEWS

SES AI (NYSE: SES), a leader in AI-enhanced Li-Metal and Li-ion battery development, has announced that Founder and CEO Dr. Qichao Hu will participate in a Water Tower Research Fireside Chat on January 15, 2025, at 2:00 p.m. Eastern Time.

The discussion, co-hosted by Water Tower Research's CEO Shawn Severson and Senior Research Analyst Brian Gordon, will focus on three main topics: SES AI's recent CES appearance and their new AI-enhanced 2170 cylindrical cell for humanoid robotics, their ongoing work in EVs, UAMs, drones, and robotics, and their Molecular Universe project including a new electrolyte discovery.

The event will be open access for all investors, with registration available through Water Tower Research's website.

SES AI (NYSE: SES) has unveiled an innovative AI-enhanced 2170 cylindrical battery cell at CES 2025, specifically designed for humanoid robotics and drone applications. The cell features a groundbreaking electrolyte material discovered through SES AI's Molecular Universe initiative, developed in collaboration with NVIDIA.

The new technology has dramatically reduced the molecule mapping process from 8,000 years to just 2 months through advanced GPU and computing software. The AI-enhanced cell combines standard 2170 Li-ion form factor with improved features including enhanced low temperature performance, high-rate capabilities, and reduced gassing and thermal risks.

According to CEO Qichao Hu, this development addresses specific OEM requirements and opens new market opportunities in Li-ion 2170 cells. The worldwide market for Li-ion cylindrical cells is valued at $10 billion in 2023 and projected to reach $50 billion by 2033.

SES AI (NYSE: SES) has announced its participation in the 2025 CES Show at the Las Vegas Convention Center from January 7th to 10th. The company will unveil a groundbreaking AI-enhanced cell for robotics applications, featuring the world's first battery containing electrolyte material discovered through their Molecular Universe initiative. This project maps the properties of 10^11 molecules suitable for battery electrolytes.

The company will also showcase its high energy density Li-Metal cells designed for UAM, drones, and EV applications at Booth 9353 in the LVCC North Hall.

SES AI (NYSE: SES) announced its 4th annual Battery World event scheduled for December 17, 2024. The event will highlight several key developments, including the company's 100Ah Li-Metal cells passing GB38031-2020 global EV industry safety tests, expansion of Urban Air Mobility (UAM) lines, and completion of Site Acceptance Test (SAT). The company also announced cell supply agreements with SoftBank.

The event will feature sessions across multiple regions (U.S., China, and Korea) with panel discussions focusing on AI-Accelerated Material Discovery, manufacturing safety, and the convergence of AI and energy. SES AI expects its first revenue from AI-accelerated battery material discovery in 2025.

SES AI (NYSE: SES) reported its Q3 2024 results, highlighting significant achievements in commercialization. The company's 100Ah Li-Metal cells passed the GB38031-2020 global EV safety test, marking progress toward C-samples and production. SES secured UAM cell supply agreements, including with SoftBank, and is developing revenue streams from AI-accelerated battery material discovery. The company demonstrated improved cash management, reducing FY 2024 cash usage guidance to $80M-$95M from $100M-$120M, with liquidity extending into 2028.

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.