Ensurge Announces Customer Agreement with Second Hearables Market Leader
04 Octubre 2021 - 1:00AM
Ensurge Announces Customer Agreement with Second Hearables Market
Leader
Oslo, 4 October 2021
Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) today announced
the signing of a customer agreement with a second global leader in
the hearables market. This achievement builds on the company's
previously announced agreements with a leading global hearables
manufacturer and a Fortune Global 500 company active in the
wearables market. Under the terms of the agreement, Ensurge will
deliver Microbattery Product Platform (MPP)-based solid-state
microbatteries optimized for medical hearables devices.
"We are proud to announce an agreement with a second global
leader in the hearables industry," said Ensurge CEO Kevin Barber.
"In addition to higher capacities, smaller sizes, and longer
product lifespans, the decision to work with Ensurge was driven by
our form factor flexibility, enabling entirely new thinking around
product design."
Ensurge customer engagement has expanded beyond hearing aids and
wearables to include earbuds, medical devices, and IoT applications
that represent a combined microbattery opportunity approaching $10
billion. In addition, Ensurge sees strong customer interest
enabling new applications that are possible only with a combination
of solid-state microbattery technology and form factor flexibility
offered by Ensurge. These new applications have the potential to
drive the total market opportunity well beyond existing
markets.
Ensurge MPP-based microbatteries combine the company's unique
ultrathin steel technology with solid-state chemistry to deliver
powerful, ultracompact, and fundamentally safe rechargeable
batteries for hearables, wearables, connected sensors, and beyond.
Ensurge batteries can enable new, more comfortable form factors and
superior volumetric energy densities, allowing customers to choose
smaller batteries or higher capacities, depending on their design
priorities.
The company remains on track to deliver initial MPP-based
customer samples in the fourth quarter of 2021 and ramp volume
production in 2022.
About Ensurge
Ensurge is Energizing Innovation™ with ultrathin, flexible, and
safe energy storage solutions for wearable devices, connected
sensors, and beyond. Ensurge's innovative solid-state lithium
battery (SSLB) technology is uniquely positioned to enable the
production of powerful, lightweight, and cost-effective
rechargeable batteries for diverse applications. The company's
state-of-the-art flexible electronics manufacturing facility,
located in the heart of Silicon Valley, combines patented process
technology and materials innovation with the scale of roll-to-roll
production methods to bring the advantages of SSLB technology to
established and expanding markets. Ensurge Micropower ASA
("Ensurge") is a publicly listed company in Norway with corporate
headquarters in Oslo and global headquarters in San Jose,
California.
Contact
Ståle Bjørnstad - Investor RelationsE-mail:
stale.bjornstad@ensurge.comPhone: +47 99 16 76 72
Kevin Barber - Chief Executive OfficerE-mail:
kevin.barber@ensurge.com
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
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