FREMONT, Calif., June 29, 2021 /PRNewswire/ -- Enovix
Corporation ("Enovix"), the leader in the design and manufacture of
3D Silicon™ Lithium-ion batteries, today announced that it will
host an "Advanced Battery Production Showcase" on July 15, 2021. The virtual event, which will
start at 9:00 am PDT / 12:00 pm EDT, is open to the public and will
feature presentations and Q&A with Enovix leadership.
Additional details and registration can be found at
www.enovix.com/showcase.
The event will be broadcast live from Enovix's factory in
Fremont, California, the first
facility in the world to be capable of volume production of
advanced Lithium-ion batteries with a 100% active silicon anode
using its 3D cell architecture. Enovix has designed, developed and
sampled advanced Lithium-ion batteries with energy densities five
years ahead of current industry production.
"I'm excited to introduce Enovix and our talented team to the
world," said Harrold Rust, President
and Chief Executive Officer of Enovix. "Industries of the future
require better batteries—and we have the leading Li-ion battery
technology now. Building and scaling a 100% active silicon anode
has long been the goal of the battery industry because it
dramatically increases performance."
Enovix's proposed merger with Rodgers Silicon Valley Acquisition
Corp. (Nasdaq: RSVA, RSVAU, RSVAW), announced in February 2021 (the "Business Combination"), is
expected to close in July of 2021. The combined company will retain
the name Enovix Corporation and will remain listed on the Nasdaq
Capital Market under the new ticker symbol "ENVX."
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. ("RSVAC") 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.
Important Information for Investors and Stockholders
In connection with the Business Combination, RSVAC filed a
registration statement on Form S-4, as amended (the "Registration
Statement") with the Securities and Exchange Commission (the
"SEC"), which includes the definitive proxy statement which was
distributed to holders of RSVAC's common stock in connection with
RSVAC's solicitation of proxies for the vote by RSVAC stockholders
with respect to the Business Combination and other matters as
described in the Registration Statement and a prospectus relating
to the offer of the securities to be issued to the equity holders
of Enovix in connection with the Business Combination. The
Registration Statement was declared effective by the SEC on
June 24, 2021 and the definitive
proxy statement/prospectus and other relevant documents have been
mailed to RSVAC stockholders as of June 11,
2021. RSVAC stockholders and other interested persons are
advised to read the definitive proxy statement/prospectus, in
connection with RSVAC's solicitation of proxies for the special
meeting of RSVAC stockholders to be held to approve, among other
things, the Business Combination, because these documents contain
important information about RSVAC, Enovix and the Business
Combination. RSVAC stockholders may also obtain a copy of the
definitive proxy statement/prospectus, as well as other documents
filed with the SEC regarding the Business Combination and other
documents filed with the SEC by RSVAC, without charge, at the SEC's
website located at www.sec.gov or by directing a request to
Thurman J. Rodgers, Rodgers Silicon
Valley Acquisition Corp., 535 Eastview Way, Woodside, CA 94062 or by telephone at (650)
722-1753.
Participants in the Solicitation
RSVAC, Enovix and certain of their respective directors,
executive officers and other members of management and employees
may, under SEC rules, be deemed to be participants in the
solicitation of proxies from RSVAC stockholders in connection with
the Business Combination. Information regarding the persons who
may, under SEC rules, be deemed participants in the solicitation of
RSVAC stockholders in connection with the Business Combination,
including a description of their direct and indirect interests, is
set forth in the Registration Statement filed with the SEC. You can
find more information about RSVAC's directors and executive
officers in the Registration Statement. You may obtain free copies
of these documents from the sources indicated above.
No Offer or Solicitation
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended, or an exemption therefrom.
Forward-Looking Statements
This press release contains certain forward-looking statements
for purposes of the safe harbor provisions under the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally are identified by the words
"intend," "future," "may," "to be," "will," "would," "will be,"
"expect," "project," "believe," "estimate," "intend," "should,"
"plan," "predict," "seem," "seek," "outlook" and 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 Enovix's ability to build and scale its
advanced silicon-anode lithium-ion battery, and the expected timing
of the Business Combination between Enovix and RSVAC. These
statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of the management of Enovix and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by an investor as, a guarantee, an assurance,
a prediction, or a definitive statement of fact or probability.
Actual events and circumstances are difficult or impossible to
predict and will differ from assumptions. Many actual events and
circumstances are beyond the control of Enovix.
These forward-looking statements are subject to a number of
risks and uncertainties, including changes in domestic and foreign
business, market, financial, political, and legal conditions; risks
related to the rollout of the Enovix business and the timing of
expected business milestones; the effects of competition on the
Enovix business; and those factors discussed in the Registration
Statement under the heading "Risk Factors," and other documents
RSVAC has filed, or will file, with the SEC. If any of these risks
materialize or our assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
Enovix does not presently know, or that Enovix does not currently
believe are immaterial, that could also cause actual results to
differ from those contained in the forward-looking statements. In
addition, forward-looking statements reflect the expectations,
plans, or forecasts of future events by Enovix and views as of the
date of this press release. Enovix anticipates that subsequent
events and developments will cause the assessments of Enovix to
change. However, while Enovix may elect to update these
forward-looking statements at some point in the future, Enovix
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the assessments of Enovix of any date subsequent to
the date of this press release. Accordingly, undue reliance should
not be placed upon the forward-looking statements. Enovix gives no
assurance that it will achieve its expectations.
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SOURCE Enovix