Ensurge Micropower Appoints Canaccord Genuity as Financial Advisor

22 Dec 2022 14:00 CET

Oslo, 22 December 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
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WOULD BE UNLAWFUL.

Ensurge Micropower ASA ("Ensurge" or the "Company") is entering the
commercialization phase with its unique solid-state micro-battery technology and
is exploring financing structures to enable the company to grow rapidly into
what is estimated to be a total addressable market of 1 billion units of
rechargeable micro batteries.  Ensurge has appointed Canaccord Genuity LLC
("Canaccord Genuity") as a financial advisor to provide advice on such
structures and on strategic activities, including industrial and financial
partnerships.
Please note that there can be no assurance that a transaction would occur in a
timely manner, if at all, or that a transaction would be completed on attractive
terms. Ensurge does not intend to comment further unless or until its Board of
Directors has approved potential transactions, or it is determined other
disclosure is appropriate.

Ensurge Micropower in brief
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 micro 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.

For more information, please contact:

Ståle Bjørnstad - Investor Relations
E-mail: stale.bjornstad@ensurge.com (mailto:stale.bjornstad@ensurge.com)
Phone: +47 99 16 76 72

Kevin Barber - Chief Executive Officer
E-mail: kevin.barber@ensurge.com (mailto:kevin.barber@ensurge.com)

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5 -12 of the Norwegian Securities Trading
Act. This stock exchange release was published by Ståle Bjørnstad, VP, Corporate
Development and IR, on 22 December 2022 at 14.00 CET.

Important information: This announcement is not and does not form a part of any
offer to sell, or a solicitation of an offer to purchase, any securities of the
Company. The distribution of this announcement and other information may be
restricted by law in certain jurisdictions. Copies of this announcement are not
being made and may not be distributed or sent into any jurisdiction in which
such distribution would be unlawful or would require registration or other
measures. Persons into whose possession this announcement or such other
information should come are required to inform themselves about and to observe
any such restrictions.

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