Enovix CTO to Speak at the 22nd Annual Advanced Automotive Battery Conference in San Diego
November 17 2022 - 7:30AM
Enovix Corporation (“Enovix”) (Nasdaq: ENVX), the leader in the
design and manufacture of next generation 3D Silicon™ Lithium-ion
batteries, today announced its co-founder and CTO, Ashok Lahiri,
will be speaking at the 22nd Annual Advanced Automotive Battery
Conference (AABC), which will take place Dec. 5-8, 2022 at the
Hotel Del Coronado in San Diego.
Lahiri’s presentation, “Enovix Novel Cell and Electrode Design,”
will provide an update on Enovix Electric Vehicle (EV) programs, as
well as an explanation of the advantages of Enovix cell
architecture including thermal performance and fast charge. The
session will be held on Wednesday Dec. 7 at 9:20 a.m. Pacific
Standard Time.
Announced recently in its Q3 2022 Shareholder Letter, Enovix has
surpassed the cycle life goals of its Department of Energy grant
program that paired a 100% active silicon anode with EV-class
cathode materials. The cells surpassed 1,500 cycles while retaining
88% of their capacity—well ahead of the program’s goal of 1,000
cycles with 80% capacity retention.
Earlier this year, Enovix also announced it demonstrated the
ability of its 0.27 Ah EV test cells to charge from 0-80%
state-of-charge in as little as 5.2 minutes and achieve a greater
than 98% capacity in under 10 minutes. More information can be
found here.
About EnovixEnovix 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 StatementsThis 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”, “evaluate,” “emerge,”
“focus,” “goal” 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
advantages of Enovix cell architecture including thermal
performance and fast charge, and the results of our program with
the U.S. Department of Energy, and the strategies, objectives,
expectations, intentions and financial performance and the
assumptions that underlie these statements. 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 periodic 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 inquiries, please contact:
Enovix CorporationCharles AndersonPhone: +1 (612) 229-9729Email:
canderson@enovix.com
The Blueshirt GroupGary Dvorchak, CFAPhone: (323) 240-5796Email:
gary@blueshirtgroup.com
For media inquiries, please contact:
Enovix CorporationKristin AtkinsPhone: +1 (650) 815-6934Email:
katkins@enovix.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7fdcb782-950d-4e51-8220-2646794e86cb
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