Unparalleled Run Time Lithium-Ion Battery Cell,
Energy Density Verified by Independent Test Lab
Continues Track Record of Delivering
Breakthrough Results in Evolution of Silicon Anode
Shipping Prototypes to Select Customers This
Year
Amprius Technologies, Inc. ("Amprius" or the
“Company”) (NYSE: AMPX), a leader in next-generation
lithium-ion batteries with its Silicon Anode Platform, is once
again raising the bar with the verification of its lithium-ion cell
delivering unprecedented energy density of 500 Wh/kg, 1300 Wh/L,
resulting in unparalleled run time. At approximately half the
weight and volume of state-of-the-art, commercially available
lithium-ion cells, the all-new battery cell delivers potential
industry-disrupting performance with barrier breaking discharge
times. Amprius’ next-generation cells are well positioned to power
products in the fast-growing aviation and, eventually, electric
vehicles markets, estimated to be collectively over $100 billion in
battery demand by 2025.
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The All-New Amprius 500 Wh/kg Battery
Platform is Here (Photo: Business Wire)
“These cells provide a run time of 200% compared to
state-of-the-art graphite cells, while being lighter and smaller
than other batteries with the same energy content,” said Jon
Bornstein, President of Amprius Lab. “This latest validation
continues Amprius’ track record of producing the world’s most
powerful battery cells and sets an industry benchmark for
next-generation battery technology that will ultimately
revolutionize how high we fly, how far we travel and how long we
can use our devices.”
The 500 Wh/kg battery platform significantly expands boundaries
for customers and is a tailored solution for applications that
require maximum discharge times without compromising key features
such as aircraft payload and without having to increase vehicle
weight. The new batteries demonstrate both high gravimetric energy
density (Wh/kg) and volumetric energy density (Wh/L) with
exceptional adaptability. The customizable platform allows
customers to select the option to either increase energy content in
a battery pack without increasing weight, reduce weight in
applications that target a fixed energy content, or combinations of
both. Higher energy is important for longer run times, range and
endurance, while lighter packs increase energy efficiency – even
for the same battery energy content.
“We look forward to taking advantage of Amprius’ 500 Wh/kg cell
to further develop Zephyr’s unrivalled stratospheric endurance
capabilities,” said Pierre-Antoine Aubourg, Chief Technical Officer
at AALTO HAPS, the Airbus subsidiary developing the 100%
solar-electric High Altitude Platform Station for connectivity and
earth observation applications. “Amprius is a valued current
supplier with a great track-record, and we are confident that
Amprius’ battery will deliver the capability we need.”
The record 500 Wh/kg energy density performance was verified by
Mobile Power Solutions, a leading testing house offering
comprehensive battery regulatory compliance, safety, and
performance testing. The results indicate that this cell model
provides >504 Wh/kg and >1321 Wh/l at 25°C.
For more information on Amprius, please visit the Company’s
investor relations website at https://ir.amprius.com.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of
high-energy and high-power lithium-ion batteries producing the
industry’s highest energy density cells. The Company’s corporate
headquarters is in Fremont, California where it maintains an
R&D lab and a pilot manufacturing facility for the fabrication
of silicon nanowire anodes and cells. To serve significant customer
demand for its high-performance silicon anode lithium-ion
batteries, Amprius recently signed a letter of intent for an
approximately 774,000 square foot facility in Brighton, Colorado
that initially provides a potential of up to 5 gigawatt-hours (GWh)
manufacturing capacity.
Amprius’ commercially available batteries deliver up to 450
Wh/kg and 1,150 Wh/L, the industry’s highest known energy density
cells available on the market today. Based on Amprius’ current
level of battery performance and pilot production, the Company will
be able to use its proprietary anode technology to deliver battery
cells that contain energy density levels that approach 2x the
performance of current commercially available graphite cells. For
additional information, please visit amprius.com. Also, see the
Company’s LinkedIn and Twitter pages.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and the "safe harbor"
provisions of the United States Private Securities Litigation
Reform Act of 1995, each as amended, including Amprius’
expectations, hopes, beliefs, intentions or strategies regarding
the future. Forward-looking statements may be identified by the use
of words such as "estimate," "plan," "project," "forecast,"
"intend," "expect," "anticipate," "believe," "seek" or other
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 future product commercialization, the ability
of Amprius to build a large-scale manufacturing facility and expand
its manufacturing capacity, the addressable market for batteries,
and the potential application and performance of Amprius’
batteries. These statements are based on various assumptions,
whether or not identified in this press release, and on the current
expectations of Amprius’ management and are not predictions of
actual performance. These forward-looking statements are not
intended to serve as, and must not be relied upon by any investors
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
Amprius’ control. These forward-looking statements are subject to a
number of risks and uncertainties, including risks related to the
performance of Amprius’ batteries; Amprius’ ability to successfully
negotiate a lease agreement under reasonably acceptable terms;
delays in construction and operation of production facilities;
risks related to the rollout of Amprius’ business and the timing of
expected business milestones; the effects of competition on
Amprius’ business; supply shortages in the materials necessary for
the production of Amprius' products; the termination of government
clean energy and electric vehicle incentives or the reduction in
government spending on vehicles powered by battery technology;
Amprius’ liquidity position; the ability to commercially produce
its highest performing batteries; and changes in domestic and
foreign business, market, financial, political and legal
conditions. For more information on these risks and uncertainties
that may impact the operations and projections discussed herein can
be found in the "Risk Factors" section of our Quarterly Report on
Form 10-Q filed with the Securities and Exchange Commission (the
"SEC") on November 14, 2022, and other documents we filed from time
to time with the SEC, all of which are available on the SEC’s
website at www.sec.gov. 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 Amprius does not presently know or
that Amprius currently believes are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Amprius’ expectations, plans or forecasts of future events
and views as of the date of this press release. These
forward-looking statements should not be relied upon as
representing Amprius’ assessments as of any date subsequent to the
date of this press release. Accordingly, undue reliance should not
be placed upon the forward-looking statements. Except as required
by law, Amprius specifically disclaims any obligation to update any
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230323005261/en/
Investors Cody Slach, Tom Colton Gateway Group, Inc.
949-574-3860 IR@amprius.com Media Zach Kadletz, Brenlyn
Motlagh Gateway Group, Inc. 949-574-3860 Amprius@Gatewayir.com
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