Ensurge Micropower ASA – Financial Report - Fourth Quarter 2021
February 23 2022 - 2:00AM
Ensurge Micropower ASA – Financial Report - Fourth Quarter 2021
Ensurge Micropower ASA ("Ensurge" or the
"Company") today released its interim report for the fourth quarter
of 2021 and the condensed consolidated financial statements as of
31 December 2021 for the Ensurge Micropower ASA group.Report
highlights include:
- Ensurge is expecting to ship functional samples in the
short term as it advances its packaging process optimization and
overall battery integration efforts
- Roll-to-roll line prepared for volume manufacturing with
upgrades to the tools optimizing them for solid-state microbattery
production
- Cycles of learning have more than doubled, significantly
accelerating the rate of optimization
- Announced a customer agreement with a Fortune 500
industrial company active in manufacturing capital
equipment. Ensurge will provide solid-state
microbatteries optimized for the customer’s specific
application.
- Announced second customer agreement with a leader and
innovator in the digital health market. Agreement includes delivery
of custom Ensurge microbatteries for production starting in the
fourth quarter of 2022.
- Significant increase in inbound customer leads and a
healthy customer pipeline validating Ensurge value
propositions
CEO Kevin Barber will discuss the Company's
progress via web conference on Wednesday 23 February 2022 at
8:00am Central European Time. At the time of the event, the
conference can be accessed
at https://channel.royalcast.com/landingpage/hegnarmedia/20220222_3/.Following
the event, a recording will be available on the Company's investor
relations website
at https://ensurge.com/investor-relations/presentations-webcasts/.
The fourth quarter financial report
and the presentation used for the webcast are attached.About
EnsurgeEnsurge 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.ContactStåle Bjørnstad - Investor
RelationsE-mail: stale.bjornstad@ensurge.com Phone: +47
99 16 76 72Kevin Barber - Chief Executive
OfficerE-mail: kevin.barber@ensurge.com This information
is subject of the disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.
- Ensurge Q4 2021 Financial Report
- Ensurge Q4 2021 Webcast Presentation
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