Enovix Releases Paper on BrakeFlow™ Technology
October 27 2022 - 7:30AM
Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the
design and manufacture of next generation 3D Silicon TM Lithium-ion
batteries, announced today the release of its paper titled, “Enovix
BrakeFlowTM Technology,” that explains how Enovix battery cells
provide a step-change increase in energy density without
compromising safety.
“Lithium-ion batteries are a critical component in
the global transition to clean, renewable energy,” said Harrold
Rust, Co-Founder, President and Chief Executive Officer of Enovix.
“In order to meet the technological demands of the future, we need
a more powerful battery; however, more powerful, high-energy
density batteries can have an increased risk of thermal runaway,
which can lead to a fire. The Enovix battery architecture enables
increased energy density without compromising safety.”
The Enovix BrakeFlow paper can be found here. A
video featuring Enovix Chairman TJ Rodgers explaining thermal
runaway can be found here: www.enovix.com/BrakeFlow
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.
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, the battery architecture enables increased energy
density without compromising safety. 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 SECAny 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 Corporation Charles Anderson Phone: +1
(612) 229-9729 Email: canderson@enovix.com
or
The Blueshirt Group Gary Dvorchak, CFA Phone:
(323) 240-5796 Email: gary@blueshirtgroup.com
For media inquiries, please contact:
Enovix Corporation Kristin Atkins Phone: +1 (650)
815-6934 Email: katkins@enovix.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2ff4e50d-0eec-43d9-b783-dadc98f31172
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