FREMONT, Calif., April 1, 2021 /PRNewswire/ -- Enovix
Corporation, the leader in the design and manufacture of next
generation 3D Silicon™ Lithium-ion batteries, today announced the
appointment of Steffen Pietzke as
Chief Financial Officer, effective immediately. In his role,
Pietzke will lead the finance organization as Enovix prepares to
become a publicly listed company. The company's merger with Rodgers
Silicon Valley Acquisition Corp (Nasdaq: RSVA, RSVAU, RSVAW), which
was announced in February 2021, is
expected to close in the second quarter of 2021. Additionally,
Pietzke will build out and oversee financial operations and
planning to support the company's battery production and growth
plans.
"Steffen has decades of knowledge and experience guiding
companies through major financial events -- his experience is
exactly what Enovix needs as we transition from a privately-held to
a publicly-traded company," said Harrold
Rust, Enovix CEO and co-founder. "His expertise and
leadership will be an incredibly valuable asset to our leadership
team."
Pietzke brings more than 20 years of experience guiding public
and private technology, life science and transportation companies
across the U.S., Europe and
Asia. Prior to Enovix, Pietzke was
Vice President, Finance and Chief Accounting Officer at ALX
Oncology Holdings Inc., where he managed all facets of corporate
accounting and finance. Prior to ALX Oncology, Pietzke was Senior
Vice President, Finance and Chief Accounting Officer at Tricida,
Inc. Among his accomplishments, Pietzke has successfully managed
finance organizations during two initial public offerings — ALX
Oncology's $186 million IPO in 2020
and Tricida's $256 million IPO in
2018. He spent the first fifteen years of his career at Ernst &
Young LLP and PricewaterhouseCoopers.
"The Enovix vision to support the advancement of mobile devices
and electric vehicles through its next-generation batteries is what
drew me to the company. Many startups have tried to develop
breakthrough batteries, but few have made it as far as Enovix,
which is poised to ramp commercial production at scale," said
Pietzke. "I'm excited to join Enovix and lead the finance
organization at such a pivotal moment for the company. My expertise
in establishing public company infrastructure will support Enovix's
long term growth as a commercial organization."
About Enovix
Enovix is the leader in advanced silicon-anode lithium-ion
battery development and production. The company's proprietary 3D
cell architecture increases energy density and maintains high cycle
life. Enovix is building an advanced silicon-anode lithium-ion
battery production facility in the U.S. for volume production. The
company's initial goal is to provide designers of category-leading
mobile devices with a high-energy battery so they can create more
innovative and effective portable products. Enovix is also
developing its 3D cell technology and production process for the
electric vehicle and energy storage markets to help enable
widespread utilization of renewable energy. For more information,
go to www.enovix.com.
About Rodgers Silicon Valley Acquisition Corp.
Rodgers Silicon Valley Acquisition Corp. is a blank check
company formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. RSVAC's
mission is to provide fundamental public technology investors with
early access to an excellent Silicon Valley technology company with
a focus on green energy, electrification, storage, Smart Industry
(IoT), Artificial Intelligence and the new automated-manufacturing
wave. For more information, go to www.rodgerscap.com.
Forward-Looking Statements
This press release contains certain forward-looking
statements within the meaning of the federal securities laws,
including with respect to the completion of its initial production
facility, qualification and commercialization of its advanced
silicon-anode lithium-ion battery. These forward-looking statements
generally are identified by the words "intend," "future," "may,"
"will," "would," "will be," "expect," "project," "believe," and
similar expressions. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. All statements, other than
statements of present or historical fact included in this press
release, regarding the timeline for completion of the pending
merger with Rogers Silicon Valley Acquisition Corp, or the
Company's initial manufacturing facility, qualification and
commercial delivery of its advanced silicon-anode lithium-ion
battery are forward-looking statements. Many factors could cause
actual future events to differ materially from the forward-looking
statements in this press release.
There may be additional risks that the Company presently
knows, or that the Company currently believes are immaterial, that
could also cause actual results to differ from those contained in
the forward-looking statements. The Company anticipates that
subsequent events and developments will cause the Company's
assessments to change. Forward-looking statements speak only as of
the date they are made. Readers are cautioned not to put undue
reliance on forward-looking statements as predictions of future
events, and the Company assumes no obligation and does not intend
to update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise, except as
may be required by applicable law. The Company gives no assurance
that it will achieve its expectations.
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SOURCE Enovix