Enovix Signs MOU with Leading Consumer Electronics Battery Pack Manufacturer
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Enovix Corporation (ENVX)
Company Research
Source: GlobeNewswire
FREMONT, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced it has signed a Memorandum of Understanding (“MOU”) with Elentec Co., Ltd (“Elentec”) (Kosdaq: 054210: KQ), a leading consumer electronic battery pack manufacturing company in Asia serving customers such as Samsung. The agreement provides a framework for a long-term business relationship between the two companies and enables Enovix to lock in a globally trusted battery pack manufacturing partner to support its growth with target customers worldwide. The MOU allows Enovix to fast track and utilize Elentec’s battery pack design and high-volume manufacturing capability, while setting up the framework for definitive long-term supply and/or joint manufacturing agreements leveraging Elentec’s footprint. Contingent on continued success in both technical and business negotiations, the companies intend to enter a strategic partnership, a
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ENVX
News
- Enovix Corporation (ENVX): Hedge Funds Are Shorting this Stock [Yahoo! Finance]Yahoo! Finance
- Enovix Co. (NASDAQ: ENVX) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $17.00 price target on the stock.MarketBeat
- Enovix Co. (NASDAQ: ENVX) was upgraded by analysts at B. Riley to a "strong-buy" rating.MarketBeat
- Enovix signs MoU with consumer electronics battery pack manufacturer [Seeking Alpha]Seeking Alpha
- Enovix Signs MOU with Leading Consumer Electronics Battery Pack Manufacturer [Yahoo! Finance]Yahoo! Finance
ENVX
Earnings
- 5/1/24 - Beat
ENVX
Sec Filings
- 6/25/24 - Form 4
- 6/24/24 - Form 4
- 6/21/24 - Form 4
- ENVX's page on the SEC website