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Enovix Announces General Availability of Its Standard IoT and Wearable Cell
FREMONT, Calif., July 18, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced the
About this update from Enovix Corporation
[{"type":"text","content":"FREMONT, Calif., July 18, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced the general availability of its standard-sized IoT and Wearable cell. “We are pleased to announce for the first time, the general availability of our standard IoT and Wearable cell, which has a capacity advantage of up to double compared to products on the market today,” said Dr. Raj Talluri, President and CEO. “I believe custom cell development is going to be one of our biggest revenue drivers in 2024 and beyond, however, much like cylindrical and coin cell standards, we’re meeting a market need for a small, standard-sized pouch cell to serve the myriad of applications in the IoT space, which is at the heart of digital transformation.” Enovix cells are uniquely architected using precise laser cut electrodes that are stacked with accurate alignment, allowing for volumetric and active material packing efficiencies, as well as accommodating the use of a 100% active silicon anode. Silicon is a plentiful and sustainable material that can store more than twice as many lithium ions as graphite by volume (1800 mAh/cc1 versus 800 mAh/cc2), which is used in most conventional lithium-ion batteries today. Due to its novel mechanical structure and silicon anode, Enovix cells have exceptional energy density, capacity, thermal performance and abuse tolerance. “We believe Enovix batteries deliver competitive, high-quality energy storage solutions, making it a good fit for the expanding wearable and IoT markets,” said Wayne Tseng, Chairman of EDOM Technology. “We look forward to working with Enovix and our customers to drive long-term business growth.” The standard Enovix IoT and Wearable cell has 322 mAh of capacity, 1.17 Wh energy and can be cycled over 500 times to 80% capacity retention. Enovix has received multiple safety certifications including UN38.3 and IEC-62133-2. Enovix released its cell testing guide here. For more details, please contact Enovix customer support: [email protected] and visit our website: www.enovix.com. About EnovixEnovix is on a mission to power the technologies of the future. Everything from IoT, mobile and computing devices, to the vehicle you drive, needs a better battery. The company’s disruptive architecture enables a battery with high energy density and...