Oslo, January 19, 2022
Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) today announced the signing of a customer agreement with a leader and innovator in the digital health market. Under the terms of the agreement, Ensurge will supply custom Ensurge solid-state microbatteries for production beginning in the fourth quarter of 2022. Ensurge is receiving multiple milestone payments for the customization.
“This win is a significant achievement for Ensurge as it allows us to tap into the growing digital health and remote patient monitoring markets,” said Ensurge CEO Kevin Barber. “Ensurge microbatteries bring unique value propositions to these devices. Flexible form factors, fast charging, the ability to sustain high current draw, and a wider temperature range differentiate the Ensurge microbattery in addition to density, higher charge cycles and safety.” He added, “I am also pleased to note that this agreement includes the delivery of production microbatteries in 2022.”
Devices that provide digital health services and remote patient monitoring have unique power requirements that align well with Ensurge solid-state microbatteries. These devices have proliferated in recent years as the world has become more health-conscious, providing more business opportunities for Ensurge. The Covid pandemic has accelerated the adoption of these digital health monitoring devices, giving Ensurge a unique position for its well-suited solid-state microbatteries. Ensurge actively engages with various key players in this market segment.
Ensurge’s customer engagement continues to expand beyond hearing aids and wearables to include medical devices, industrial IoT and headphones. Ensurge sees strong customer interest in enabling new applications that are only possible with a combination of the solid state microbattery technology and form factor flexibility offered by Ensurge. These new applications have the potential to drive overall market opportunities far beyond existing markets.
Ensurge is Energizing Innovation(TM) with ultra-thin, flexible and secure energy storage solutions for wearables, 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 a variety of 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-scale production methods. -roll to bring the benefits of SSLB technology to established businesses and expanding markets. Ensurge Micropower ASA (“Ensurge”) is a publicly traded company in Norway with headquarters in Oslo and global headquarters in San Jose, California.
Ståle Bjørnstad – Investor Relations
Email: [email protected]
Telephone: +47 99 16 76 72
Kevin Barbier – President and CEO
Email: [email protected]
This information is subject to the disclosure requirements in accordance with Section 5-12 of the Norwegian Securities Act.