Enovix to Hold Grand Opening of Malaysia Factory on August 8, 2024
03 Julio 2024 - 6:30AM
Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global
high-performance battery company, today announced it will hold a
grand opening of Fab2, its high-volume production facility in
Penang, Malaysia, on August 8, 2024.
The grand opening will provide key supporters such as customers,
investors, business partners, and local officials the opportunity
to tour the facility and hear from Enovix executives.
“We are excited to welcome distinguished guests to our
high-volume factory from which we will produce category-leading
silicon batteries based on our own advanced manufacturing process,”
said Ajay Marathe, COO of Enovix. “Our Malaysia team of now nearly
300 people between Enovix associates and the staff of our
manufacturing partner have done an incredible job bringing up both
the facility and the production equipment to meet World-class
standards for customers.”
Located at the Penang Science Park, Fab2 has been built to house
up to four high-volume production lines capable of producing tens
of millions of high-performance batteries for consumer electronics
devices such as smartphones, IoT devices, and laptops.
Enovix has begun producing initial samples for customers from
its Agility Line in Fab2 and in parallel is finalizing Site
Acceptance Testing of the line. Enovix is also far along in
bringing up its first high-volume production line in time to
support customer needs as they progress through the qualification
process this year. Factory Acceptance Testing of the high-volume
line was recently completed.
For those not in attendance at the grand opening, Enovix plans
to release a video tour of the facility shortly after the
event.
About Enovix Enovix is on a mission to deliver
high-performance batteries that unlock the full potential of
technology products. Everything from IoT, mobile, and computing
devices, to the vehicle you drive, needs a better battery. Enovix
partners with OEMs worldwide to usher in a new era of user
experiences. Our innovative, materials-agnostic approach to
building a higher performing battery without compromising safety
keeps us flexible and on the cutting-edge of battery technology
innovation.
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.
Forward Looking Statements This press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, about us and our
industry that involve substantial risks and uncertainties.
Forward-looking statements generally relate to future events or our
future financial or operating performance. In some cases, you can
identify forward-looking statements because they contain words such
as “believe”, “will”, “may”, “estimate”, “continue”, “anticipate”,
“intend”, “should”, “plan”, “expect”, “predict”, “could”,
“potentially", “target”, “project”, “believe”, “continue” or the
negative of these terms or similar expressions. Forward-looking
statements in this press release include, but are not limited to,
statements regarding the Enovix’s design win, ability of Enovix to
sell Enovix products to mobile phone OEM customers, support of the
company’s growth and scale up, and beginning production in 2024 and
mass volume production of mobile phone products in 2025. Actual
results could differ materially from these forward-looking
statements as a result of certain risks and uncertainties. For
additional information on these risks and uncertainties and other
potential factors that could affect our business and financial
results or cause actual results to differ from the results
predicted, please refer to our filings with the Securities and
Exchange Commission (the “SEC”), including in the “Risk Factors”
and “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” sections of our most recently filed
annual periodic reports on Form 10-K and quarterly report on Form
10-Q and other documents that we have filed, or that we will file,
with the SEC. Any forward-looking statements made by us in this
press release speak only as of the date on which they are made and
subsequent events may cause these expectations to change. We
disclaim any obligations to update or alter these forward-looking
statements in the future, whether as a result of new information,
future events or otherwise, except as required by law.
For investor and media inquiries, please
contact:
Enovix CorporationCharles AndersonPhone: +1 (612) 229-9729Email:
canderson@enovix.com
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