Enovix Ships first EX-2M Samples to Mobile Phone Customers
Enovix Corporation (ENVX)
Company Research
Source: GlobeNewswire
FREMONT, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the major milestone of shipping second-generation EX-2M samples to customers manufactured in its Malaysian Fab 2 plant. Consistent with its plan, the samples demonstrated an energy density improvement of approximately 10% over EX-1M products scheduled for mass 2025 production in Malaysia. EX-2M is expected to launch in 2026 and assure Enovix’s energy density lead in the smartphone industry. As a result of recent manufacturing progress, the Company also announced that it had received its first mobile phone customer purchase order this week. The order for custom samples from a customer with an NDA was predicated on a major joint-development agreement milestone achievement. The product is expected to ramp into mass production in late 2025. Enovix CEO Raj Talluri commented, “I am very pleased with our recent p
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ENVX
Earnings
- 10/29/24 - Beat
ENVX
Sec Filings
- 12/26/24 - Form 4
- 12/20/24 - Form 4
- 12/16/24 - Form 4
- ENVX's page on the SEC website