SES AI Corporation - SES STOCK NEWS

SES AI Corporation (NASDAQ: SES), a leader in high-performance lithium-metal batteries for electric vehicles, announced it will miss the filing deadline for its Annual Report on Form 10-K for the fiscal year ended December 31, 2022. This delay follows SES's status change to a 'large accelerated filer', requiring compliance with stricter regulations. The company anticipates filing by March 16, 2023. Notably, SES reported cash usage of approximately $61 million, below the expected $75-$85 million range, and ended the year with about $390 million in available liquidity, indicating a solid balance sheet. The company also expects to report material weaknesses in its internal controls.

SES AI Corporation (NASDAQ: SES), a leader in lithium-metal rechargeable batteries, has been awarded cash grants from the South Korean government, including Chung-Buk Province and Chung-Ju City. This initiative, driven by the Ministry of Trade, Industry and Energy, underscores SES's role in next-generation battery technology. Following a high-profile meeting in September 2022 with South Korean President Yoon Suk Yeol, SES announced plans for increased investment to enhance its manufacturing capabilities for Apollo cells. In 2023, SES aims to expand globally while receiving recognition from South Korea, reinforcing its position within the global battery industry.

SES AI Corporation hosted its second annual Battery World event, announcing progress in commercializing its Li-Metal battery technology. CEO Dr. Qichao Hu revealed a new facility in Chungju, South Korea, enhancing manufacturing capacity and strengthening partnerships with OEMs like GM, Hyundai, and Honda. The 50Ah cells demonstrated excellent performance in harsh climates and passed third-party abuse tests. SES AI aims for a robust supply chain to support its EV battery commercialization efforts.

SES AI Corporation has announced the agenda for Battery World 2022, focusing on "Building the Next Battery Supply Chain". The event will feature a keynote by CEO Dr. Qichao Hu and a panel discussion with leaders from companies like GM and Honda. Scheduled for December 13, 2022, at 11:00 AM EST in the U.S., it will be followed by sessions in Korea and China on December 14. Participants will explore challenges and advancements in the electric vehicle battery industry.

SES AI Corporation, a leader in high-performance lithium-metal rechargeable batteries for electric vehicles, will participate in the Water Tower Research Fireside Chat Series on November 18, 2022, at 10:00 AM EST. CEO Qichao Hu will discuss the company's technology and commercialization roadmap. Investors can register for the event here.

SES AI Corporation, a leader in Li-Metal rechargeable batteries, announced its Q3 financial results for the period ending September 30, 2022. The company emphasized its commitment to enhancing supply chain control for quality improvements. The letter to shareholders, from CEO Qichao Hu and CFO Jing Nealis, detailed business updates alongside the financial results. SES continues to innovate in the battery sector for electric vehicles and intends to streamline operations by bringing certain processes in-house.

Swave Photonics has appointed Mike Noonen as CEO, succeeding Theodore Marescaux. Noonen aims to enhance the commercialization of Swave's Holographic eXtended Reality (HXR) technology, which delivers ultra-high-resolution 3D images for AR/VR applications. The technology is designed to revolutionize the metaverse experience without the need for headsets. Swave's HXR chips leverage diffractive photonics to achieve exceptional pixel resolution. The company is expanding its management and engineering teams to accelerate product development and market entry.

SES AI Corporation, a leader in lithium-metal rechargeable batteries, will announce its Q3 2022 financial results on November 9, 2022, post-market. The announcement will be followed by a conference call at 5:00 p.m. EDT. Investors can join via phone or access a live webcast on SES’s Investor Relations website. SES specializes in high-performance batteries for electric vehicles and holds a strong position in battery technology development.

SES AI Corporation recently strengthened its role in the electric vehicle battery industry by securing support from the South Korean government for its Li-Metal battery development. At the North America Investors Roundtable in New York on September 22, SES's CEO Qichao Hu met with South Korean President Yoon Suk-yeol and committed to advancing battery research. The South Korean government announced a planned investment of $1.15 billion for the battery sector, underlining SES's pivotal role in the evolution of next-generation batteries amidst rising demand for electric vehicles.