Customer Agreement with a Fortune 500 Industrial Company
February 02 2022 - 2:00AM
Customer Agreement with a Fortune 500 Industrial Company
Oslo, 2 February 2022
Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) today announced
the signing of a customer agreement with a Fortune 500
industrial company active in manufacturing capital equipment. Under
the terms of the agreement, Ensurge will deliver Ensurge
solid-state microbatteries optimized for the customer’s specific
application. Ensurge expects the initial payment under the
agreement in the near future.
"This agreement earmarks Ensurge’s entry into the IoT and
industrial applications," said Ensurge CEO Kevin Barber. "The
customer will validate and benefit from several unique attributes
only available with the Ensurge microbattery such as wider
temperature range, long shelf life, faster charging, and high
current draw besides higher density, charge cycles and safety."
IoT and industrial applications represent a significant
opportunity for Ensurge with the proliferation of connected sensors
and a strong movement towards rechargeable batteries in combination
with energy harvesting. Besides IoT and industrial companies,
Ensurge is actively partnering with energy harvesting companies to
enable unique solutions that are more practical and
environment-friendly and support the vision of a trillion connected
devices.
Ensurge customer engagement continues to expand beyond hearing
aids and wearables to include industrial IoT, medical devices and
earbuds. 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.
About Ensurge
Ensurge is Energizing Innovation(TM) 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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