Ensurge Micropower ASA - Q4 2024

19 Feb 2025 07:00 CET

Highlights

* Microbattery energy leakage issue close to being solved

* In advanced discussions about a joint development agreement with a Fortune
500 company for the next generation batteries significantly increasing
energy density

* 24/7 shift structure implemented to enable production ramp-up

* Resolved the battery stack encapsulation issues through process optimization
and material selection

* Achieved 90% stacking yield after cell test for both 11- and 28-layer
batteries, and are therefore confident in both repeatability and scalability
of the production process

* The batteries meet - and even exceed - stringent requirements for quality,
durability, and scalability of the production process

* Growing pipeline of customers

* Continued strong collaboration with our strategic partners

* Issued five Invention Disclosure Records (IDRs) for patent applications

About Ensurge Micropower
Ensurge is Energizing Innovation(TM) with the first ultrathin, flexible,
reliable, and fundamentally safe solid-state lithium microbattery for the 1 to
100 milliampere-hour (mAh) class of wearable devices, connected sensors, and
beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable
products that are ideal for form-factor-constrained applications including
hearables (hearing aids and wireless headphones), digital and health wearables,
sports and fitness devices, and IoT sensor solutions that use energy harvesting
to power everyday things. The company's state-of-the-art 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 Ensurge technology to established and expanding markets.

Contact

Investor Relations
E-mail: IR@ensurge.com

Lars Eikeland, CEO at Ensurge
E-mail: lars.eikeland@ensurge.com

More information:
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639113_2024 Q4 report final.pdf