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Enovix Expands Asia Presence with Additional Go-to-Market Partners in Japan and South Korea
FREMONT, Calif., June 06, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced
About this update from Enovix Corporation
[{"type":"text","content":"FREMONT, Calif., June 06, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced agreements with Japanese distribution and manufacturing services company, Elematec Corporation (“Elematec”), and South Korean power management and IoT-focused distributor, Semicomtech, to support pan-Asian shipping, distribution and market expansion. Elematec is an integrated services company that provides sales, technology, development and production support for end users. The company is focused on the Japanese market and delivers electronics parts and finished products globally. Their capabilities exceed the standard distributor by offering full pack-to-Original Design Manufacturer (“ODM”) product solutions. Elematec is incorporating Enovix batteries into several solutions for their customers. Semicomtech is a global provider of mostly power-based semiconductor devices that are focused on consumer- and IoT-based customers in South Korea. Semicomtech’s offerings are highly complementary to the batteries and packs that Enovix provides for these applications. “These strategic distributor agreements enable us to expand quickly and leverage their experience and customer relationships in key markets,” said Ralph Schmitt, chief commercial officer at Enovix. “Elematec and Semicomtech will act as an extension of our team, so we can sell more of our next-generation batteries across Asia.” Enovix has been building its presence in Asia through direct hires and distributor agreements. The additions of Elematec and Semicomtech further validate the company’s readiness to expand and support the demand in the global consumer electronics market. 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 capacity without compromising safety. Enovix is scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand. For more information visit www.enovix.com and follow us on LinkedIn. Forward Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Secur...