reports
- Richard Williamson
Ensurge Micropower - Accelerating commercialisation
Ensurge Micropower has brought in battery expert Mark Newman as interim CEO to accelerate commercialisation. His five-point action plan builds on the company’s achievements in FY22, which include shipping its first samples of both packaged microbatteries and unpackaged cells in coin format to customers and receiving its first production order for delivery in FY23.
- Richard Williamson
Ensurge Micropower - First production order
Ensurge Micropower has received its first production order, which is for 150,000 units of its rechargeable 1–100 milliampere-hour (mAh) solid-state lithium microbattery. The value of the order was not disclosed. Ensurge expects additional orders in 2023 and beyond from this lead customer, which is an innovator in the digital health market.
- Richard Williamson
Ensurge Micropower - Achieving commercialisation milestones
Ensurge Micropower’s CEO took the opportunity in the recent Q322 results presentation to brief investors on the progress made delivering samples of complete packaged microbatteries to customers as well as sample unit cells to strategic partners. Management anticipates commercial production starting at the end of Q422 to fulfil customer demand in Q123.
- Richard Williamson
Ensurge Micropower - First packaged battery samples shipped
Ensurge Micropower has shipped its first packaged battery samples. This marks the start of the customer sampling phase during which prospective partners and customers will evaluate the company’s innovative 1–100 milliampere-hour solid-state lithium technology.
- Richard Williamson
Ensurge Micropower - Introducing twin go-to-market strategy
Ensurge Micropower’s CEO took the opportunity in the recent H122 results presentation to brief investors on its engagement with four strategic partners. These large multinationals could potentially license Ensurge’s microbattery technology, become JV partners or provide investment via equity or non-recurring engineering (NRE) fees. The move creates an additional route to market, which complements sales of complete microbatteries.
- Richard Williamson
Ensurge Micropower - Expecting to ship samples ‘shortly’
Ensurge Micropower’s CEO took the opportunity in the recent Q122 results presentation to brief investors on the status of the company’s programme to ship samples of its milliampere hour (mAh) scale solid-state lithium microbatteries to customers. The company expects to deliver samples to its customers ‘shortly’. This is discussed in the body of this note. Ensurge already has agreements with five customers waiting for the samples.
- Richard Williamson
Ensurge Micropower - Closer to delivering customer samples
Ensurge Micropower has provided a detailed update on its progress on manufacturing the world’s first milliampere hour scale solid-state lithium microbatteries, noting that it expects to provide samples to its customers ‘shortly’. This is a critical step in the company’s development, because it already has agreements with five customers that are waiting for the samples and, unlike most early-stage technology companies, already has a volume manufacturing facility, which it is preparing for deliver...
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