Mr. Satterthwaite Brings Over 30 Years of
Global Power Generation Experience to Amprius Technologies
Amprius Technologies, Inc. (“Amprius” or the
“Company”) (NYSE: AMPX), a leader in next-generation
lithium-ion batteries with its Silicon Anode Platform, has
appointed Livingston “Tony” Satterthwaite as an independent
director on its Board of Directors (the “Board”), effective August
13, 2024. Mr. Satterthwaite will also be joining the Board’s
Compensation Committee.
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Amprius Appoints Transportation Industry
Veteran Tony Satterthwaite to Board of Directors (Photo: Business
Wire)
Tony Satterthwaite is an accomplished industry veteran with over
30 years of experience in the transportation and power generation
industries. With his extensive background, Mr. Satterthwaite is
positioned to provide valuable input on the Company's product
development and customer engagement strategies across the
transportation sector.
“On behalf of the leadership team at Amprius, it is my pleasure
to welcome Tony Satterthwaite to our Board of Directors,” said Don
Dixon, Chairman of the Board. “Tony brings a wealth of experience
in building brands and addressing customer needs across the power
generation, EV, and broader transportation markets. We are
fortunate to add someone with such deep expertise to our Board and
look forward to benefiting from Tony’s leadership and vision as
Amprius continues its journey to revolutionize the electric
mobility industry.”
“As the electric mobility sector continues to evolve, developing
strategic relationships and a differentiated customer approach is
becoming increasingly important,” said Tony Satterthwaite. “I’m
thrilled to join Amprius’ Board of Directors and am excited about
the vast potential of our cutting-edge battery technology.
Leveraging my knowledge and experience, I look forward to
collaborating with the leadership team to advance strategies that
better serve customers and accelerate the Company's growth
trajectory.”
In September 2023, Mr. Satterthwaite was elected as one of the
first members of Amprius’ Advisory Council, which provides the
Company with key, multi-industry expertise including advising
senior management through the Company’s next growth phase.
Additionally, he is currently a Director of IDEX Corporation (NYSE:
IEX), The Chemours Company (NYSE: CC), the National Association of
Manufacturers, and the Cummins Foundation. He is currently a Senior
Vice President at Cummins, Inc., a global power solutions provider,
where he is responsible for solving large enterprise challenges and
aligning business units across IT and digital products and
services.
Separately, Mary Gustanski, who has served on the Amprius Board
since June 2023, has stepped down from her position, effective
August 12, 2024. Amprius thanks Ms. Gustanski for her contributions
to the organization during her tenure. With these changes, the
Amprius board will remain comprised of seven directors, six of whom
will be independent.
For additional details, please reference the Form 8-K filed with
the U.S. Securities and Exchange Commission on August 14, 2024,
which can also be found in the Investor Relations section of the
Company’s website.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of
high-energy and high-power lithium-ion batteries, producing the
industry’s highest-known energy density cells. The company’s
commercially available SiMaxx™ batteries deliver up to 450 Wh/kg
and 1,150 Wh/L, with third-party validation of 500Wh/kg and 1,300
Wh/L. Amprius expanded its product portfolio to include the SiCore™
platform in 2024, significantly enhancing its ability to serve
additional customer applications. The company’s corporate
headquarters is in Fremont, California, where it maintains an
R&D lab and a MWh scale manufacturing facility for the
fabrication of silicon anodes and cells. To serve customer demand,
Amprius entered into several agreements to secure over 500MWh of
contract manufacturing available today and entered into a lease
agreement for a gigawatt-hour-scale facility in Brighton, Colorado.
For additional information, please visit amprius.com. Also, see the
company’s LinkedIn and Twitter pages.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, each as
amended. Forward-looking statements may be identified by the use of
words such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“expect,” “anticipate,” “believe,” “seek” or other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding the potential application and addressable
market of Amprius’ batteries, and Amprius’ ability to revolutionize
the electric mobility industry, better serve customers and
accelerate its growth trajectory. These statements are based on
various assumptions, whether or not identified in this press
release, and on the current expectations of Amprius’ management and
are not predictions of actual performance. Actual results could
differ materially from these forward-looking statements as a result
of certain risks and uncertainties. These forward-looking
statements are subject to a number of risks and uncertainties,
including Amprius’ liquidity position; risks related to the rollout
of Amprius’ business and the timing of expected business
milestones; Amprius’ ability to commercially produce high
performing batteries; the effects of competition on Amprius’
business; supply shortages in the materials necessary for the
production of Amprius’ products; and changes in domestic and
foreign business, market, financial, political and legal
conditions. For more information on these risks and uncertainties
that may impact the operations and projections discussed herein can
be found in the documents we filed from time to time with the
Securities and Exchange Commission (the “SEC”), all of which are
available on the SEC’s website at www.sec.gov. There may be
additional risks that Amprius does not presently know or that
Amprius currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Amprius’ expectations, plans or forecasts of future events
and views as of the date of this press release. These
forward-looking statements should not be relied upon as
representing Amprius’ assessments as of any date subsequent to the
date of this press release. Accordingly, undue reliance should not
be placed upon the forward-looking statements. Except as required
by law, Amprius specifically disclaims any obligation to update any
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240814317462/en/
Investors Tom Colton, Greg Bradbury Gateway Group, Inc.
949-574-3860 IR@amprius.com
Media Zach Kadletz, Brenlyn Motlagh Gateway Group, Inc.
949-574-3860 Amprius@Gateway-grp.com
Amprius Technologies (NYSE:AMPX)
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