Business
Enovix Receives Purchase Order to Produce Battery Cells for U.S. Army
Batteries Include the Company’s Unparalleled Safety System—BrakeFlow™ FREMONT, Calif., June 27, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”)
About this update from Enovix Corporation
[{"type":"text","content":"Batteries Include the Company’s Unparalleled Safety System—BrakeFlow™\nFREMONT, Calif., June 27, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced the progression of its U.S. Army program, with a commitment to producing commercial cells for use within U.S. Army soldier’s central power source, called the Conformal Wearable Battery (CWB). This agreement progresses this program to the next critical step towards full volume production. Created by Inventus Power, the CWB powers vital communications equipment and other devices. “Our cells provide a significant energy density advantage compared to other cells on the market today, and I’m proud that our team has successfully designed and produced BrakeFlow™-enabled custom cells for Inventus Power and the U.S. Army,” said Dr. Raj Talluri, President & CEO of Enovix. “This achievement is yet another proof point on our journey to scale.” Enovix cells will be used to build pre-production CWB packs. Today, U.S. soldiers carry more than 60 pounds of gear, including batteries, to power critical equipment. The Enovix cell has the potential to nearly double the energy density of the current CWB cells, which could result in substantial operational advantages including longer lasting and lighter battery packs. Another key advantage for the Army is Enovix BrakeFlow™ technology, a breakthrough safety system that provides an extra layer of protection inside the cell. If an internal short does occur, with BrakeFlow incorporated, instead of a sudden catastrophic release of energy the battery is designed to discharge slowly and safely. 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 Statements This 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 Securities Exchange Act of 1934, as amended, abou...