Amprius Successfully Completes First Volume Shipment of Safe Cells for the U.S. Army
04 January 2024 - 12:30AM
Business Wire
Advanced Silicon Anode Batteries More Than
Double the Mission Time for Critical Applications Versus Existing
Solutions
Amprius Technologies, Inc. (“Amprius” or the
“Company”) (NYSE: AMPX), a leader in next-generation
lithium-ion batteries with its Silicon Anode Platform, today
announced the successful volume shipment of advanced battery cells
in a program supported by the U.S. Army by the end of 2023 as
previously committed. This marks a significant milestone for
Amprius in its U.S. Army-funded Manufacturing Technology (ManTech)
program, an industrial preparedness effort focused on scaling
critical Army-wide manufacturing requirements.
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Amprius Successfully Completes First
Volume Shipment of Safe Cells for the U.S. Army (Photo: Business
Wire)
Amprius has successfully completed its scale-up manufacturing
initiative under ManTech (a $3 million development program grant),
which included the delivery of safe cells for soldier-worn battery
packs that merge technology for mass production with a
mission-critical product, thereby facilitating large-scale
deployments. Amprius, while working closely with its partner,
Inventus Power, has fulfilled the shipment of the silicon anode
safe cells to support delivery of the Conformal Wearable Batteries
(“CWB”) packs to the U.S. Army.
“We are honored to have collaborated with ManTech on this
critical initiative to meet the U.S. Army’s manufacturing needs for
power sources,” said Dr. Kang Sun, CEO of Amprius Technologies.
“Our cells, which have passed the nail penetration test, provide
safe power solutions for U.S. Army batteries while more than
doubling their energy. Amprius’ silicon anode batteries provide
significantly higher energy density and double the mission time
compared to existing power resources. We’re dedicated to providing
battery technology advancements that transcend current limitations
and chart the course for future military power sources that supply
game-changing performance for our soldiers."
These shipments are also part of a larger program as outlined in
a briefing on a U.S. Department of Defense Contract from May of
20211, which outlined Inventus Power as a participant in a
competition to supply conformal wearable batteries to the U.S.
Army. The wearable battery market represents a significant market
opportunity for Amprius, with a total value of $1.25 billion
through 2030. This accomplishment further reinforces Amprius’
position as a leading provider of advanced battery solutions for
mission-critical applications.
In addition to expanding the Company’s relationship with the
U.S. military, Amprius’ ManTech grant provided the Company with an
opportunity to further optimize the process for Amprius’ silicon
nanowire technology mass production. Today, Amprius is finalizing
its automation, testing and manufacturing process cost-reduction
initiatives in order to prepare for large-scale production in
Colorado targeted to be operational in 2025.
For more information, please visit the Company’s investor
relations website at ir.amprius.com.
____________________
1 “Contracts for May 12, 2021,” U.S. Department of Defense, May
12, 2021,
https://www.defense.gov/News/Contracts/Contract/Article/2605292/#ARMY051221.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of
high-energy and high-power lithium-ion batteries producing the
industry’s highest known energy density cells. The company’s
commercially available batteries deliver up to 450 Wh/kg and 1,150
Wh/L. The company’s corporate headquarters is in Fremont,
California, where it maintains an R&D lab and a megawatt hour
(MWh) manufacturing facility for the fabrication of silicon anodes
and cells. To serve customer demand, Amprius entered into a lease
agreement for an approximately 774,000 square foot facility in
Brighton, Colorado. For additional information, please visit
amprius.com. Also, see the company’s LinkedIn and Twitter
pages.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, each as
amended. Forward-looking statements may be identified by the use of
words such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“expect,” “anticipate,” “believe,” “seek” or other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements include, but are not limited to, the
potential application and performance of Amprius’ batteries, the
ability of Amprius to build its large-scale facility and expand its
manufacturing capacity, the addressable market for Amprius’
batteries, and the estimated size of the wearable battery market.
These statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of Amprius’ management and are not predictions of actual
performance. Actual results could differ materially from these
forward-looking statements as a result of certain risks and
uncertainties. These forward-looking statements are subject to a
number of risks and uncertainties, including delays in permitting,
construction and operation of production facilities; Amprius’
liquidity position; risks related to the rollout of Amprius’
business and the timing of expected business milestones; Amprius’
ability to commercially produce high performing batteries; the
effects of competition on Amprius’ business; supply shortages in
the materials necessary for the production of Amprius’ products;
and changes in domestic and foreign business, market, financial,
political and legal conditions. For more information on these risks
and uncertainties that may impact the operations and projections
discussed herein can be found in the documents we filed from time
to time with the Securities and Exchange Commission (the “SEC”),
all of which are available on the SEC’s website at www.sec.gov.
There may be additional risks that Amprius does not presently know
or that Amprius currently believes are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Amprius’ expectations, plans or forecasts of future events
and views as of the date of this press release. These
forward-looking statements should not be relied upon as
representing Amprius’ assessments as of any date subsequent to the
date of this press release. Accordingly, undue reliance should not
be placed upon the forward-looking statements. Except as required
by law, Amprius specifically disclaims any obligation to update any
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240103036503/en/
Investors Tom Colton, Chris Adusei-Poku Gateway Group,
Inc. 949-574-3860 IR@amprius.com
Media Zach Kadletz, Brenlyn Motlagh Gateway Group, Inc.
949-574-3860 Amprius@Gateway-grp.com
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