Enovix CTO to Converse on the twenty second Annual Superior Automotive

Enovix CTO to Converse on the twenty second Annual Superior Automotive

FREMONT, Calif., Nov. 17, 2022 (GLOBE NEWSWIRE) — Enovix Company (“Enovix”) (Nasdaq: ENVX), the chief within the design and manufacture of subsequent era 3D Silicon™ Lithium-ion batteries, at this time introduced its co-founder and CTO, Ashok Lahiri, will probably be talking on the twenty second Annual Superior Automotive Battery Convention (AABC), which can happen Dec. 5-8, 2022 on the Resort Del Coronado in San Diego.

Lahiri’s presentation, “Enovix Novel Cell and Electrode Design,” will present an replace on Enovix Electrical Automobile (EV) applications, in addition to an evidence of some great benefits of Enovix cell structure together with thermal efficiency and quick cost. The session will probably be held on Wednesday Dec. 7 at 9:20 a.m. Pacific Normal Time.

Introduced not too long ago in its Q3 2022 Shareholder Letter, Enovix has surpassed the cycle life targets of its Division of Power grant program that paired a 100% lively silicon anode with EV-class cathode supplies. The cells surpassed 1,500 cycles whereas retaining 88% of their capability—properly forward of this system’s aim of 1,000 cycles with 80% capability retention.

Earlier this 12 months, Enovix additionally introduced it demonstrated the flexibility of its 0.27 Ah EV take a look at cells to cost from 0-80% state-of-charge in as little as 5.2 minutes and obtain a larger than 98% capability in underneath 10 minutes. Extra data will be discovered right here.

About Enovix
Enovix is the chief in superior silicon-anode lithium-ion battery growth and manufacturing. The corporate’s proprietary 3D cell structure will increase power density and maintains excessive cycle life. Enovix is constructing a sophisticated silicon-anode lithium-ion battery manufacturing facility within the U.S. for quantity manufacturing. The corporate’s preliminary aim is to offer designers of category-leading cell gadgets with a high-energy battery to allow them to create extra modern and efficient moveable merchandise. Enovix can also be creating its 3D cell know-how and manufacturing course of for the electrical automobile and power storage markets to assist allow widespread utilization of renewable power. For extra data, go to www.enovix.com.

Ahead Trying Statements
This Press Launch comprises forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended, about us and our business that contain substantial dangers and uncertainties. Ahead-looking statements usually relate to future occasions or our future monetary or working efficiency. In some circumstances, you possibly can establish forward-looking statements as a result of they comprise phrases equivalent to “consider”, “will”, “could”, “estimate”, “proceed”, “anticipate”, “intend”, “ought to”, “plan”, “count on”, “predict”, “may”, “probably”, “goal”, “undertaking”, “consider,” “emerge,” “focus,” “aim” or the destructive of those phrases or related expressions. Ahead-looking statements on this Press Launch embrace, however usually are not restricted to, statements relating to some great benefits of Enovix cell structure together with thermal efficiency and quick cost, and the outcomes of our program with the U.S. Division of Power, and the methods, goals, expectations, intentions and monetary efficiency and the assumptions that underlie these statements. Precise outcomes may differ materially from these forward-looking statements because of sure dangers and uncertainties. For extra data on these dangers and uncertainties and different potential components that might have an effect on our enterprise and monetary outcomes or trigger precise outcomes to vary from the outcomes predicted, please discuss with our filings with the Securities and Change Fee (the “SEC”), together with within the “Danger Elements” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” sections of our most not too long ago filed periodic report on Type 10-Q and different paperwork that we now have filed, or that we’ll file, with the SEC. Any forward-looking statements made by us on this Press Launch communicate solely as of the date on which they’re made and subsequent occasions could trigger these expectations to vary. We disclaim any obligations to replace or alter these forward-looking statements sooner or later, whether or not because of new data, future occasions or in any other case, besides as required by regulation.

For investor inquiries, please contact:

Enovix Company
Charles Anderson
Cellphone: +1 (612) 229-9729
E mail: [email protected]

The Blueshirt Group
Gary Dvorchak, CFA
Cellphone: (323) 240-5796
E mail: [email protected]

For media inquiries, please contact:

Enovix Company
Kristin Atkins
Cellphone: +1 (650) 815-6934
E mail: [email protected]

A photograph accompanying this announcement is out there at https://www.globenewswire.com/NewsRoom/AttachmentNg/7fdcb782-950d-4e51-8220-2646794e86cb

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