Enovix to Demonstrate Breakthrough Battery Technology at CES 2023
December 22 2022 - 4:05PM
Enovix Corporation (Enovix) (Nasdaq: ENVX), the leader in the
design and manufacture of next-generation 3D Silicon™ Lithium-ion
batteries, today announced it will demonstrate its breakthrough
battery technology at Pepcom’s Digital Experience! on Jan. 4, 2023
and the International Consumer Electronics Show (CES) Jan. 5-6,
2023 in Las Vegas.
“We are at a tipping point where one of the only things keeping
us from world-changing technologies is the energy to power them,
and our battery cells are designed to deliver high energy density
without compromising safety,” said Harrold Rust, President, Chief
Executive Officer and Co-founder of Enovix.
Increased energy density is essential to support
compute-intensive applications in premium consumer electronics,
such as Virtual Reality headsets, wearables, mobile phones and
tablet/laptop platforms. At CES, Enovix will demonstrate how its
batteries provide a step-change increase in energy density, while
requiring less volume when benchmarked against batteries in leading
off-the-shelf consumer electronics. In addition, Enovix will
provide an interactive look at how the company manufactures its
next-generation battery, as well as its ability to provide
optimized battery packs, offering a complete power solution to
customers.
“What makes this increase in energy density possible is our
novel 3D cell architecture, which completely reimagines battery
construction, throwing out the more than a century-old wound
design,” said Ashok Lahiri, Chief Technology Officer and Co-Founder
of Enovix. “We invented a precise, laser-generated 3D architecture
that provides a more efficient use of the battery volume and can
accommodate a 100 percent active silicon anode. Silicon is a
plentiful and sustainable ingredient that can theoretically store
more than twice as many lithium ions as a graphite anode, which is
used in most conventional Li-ion batteries today. Coupled
together—our new cell design plus our 100% active silicon anode—and
we believe it’s the most significant advancement in battery
technology in our lifetime.”
Enovix will participate at Pepcom’s Digital Experience! from 7
p.m. to 10:30 p.m. PST on Wed., Jan. 4, 2023, at Caesars Palace.
Enovix also has a suite at The Venetian where it will host meetings
and demonstrations. Please contact info@enovix.com to schedule a
meeting with Enovix executives.
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”, “believe”, “continue” or the
negative of these terms or similar expressions. Forward-looking
statements in this press release include, but are not limited to,
statements regarding Enovix’s battery design, energy density, and
performance; delivery of high energy density without compromising
safety; a step-change increase in energy density; and the provision
of optimized battery packs and a complete power solution to
customers. 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 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 and media inquiries, please
contact:Enovix CorporationCharles AndersonPhone: +1 (612)
229-9729Email: canderson@enovix.com
Or
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
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