Ensurge enters the fast-growing digital health market through a major customer agreement
19 January 2022 - 6:10PM
Ensurge enters the fast-growing digital health market through a
major customer agreement
Oslo, 19 January 2022Ensurge Micropower ASA (OSE:
ENSU, OTCQB: ENMPY) today announced the signing of a customer
agreement with a leader and innovator in the digital health market.
Under the terms of the agreement, Ensurge will deliver customized
Ensurge solid-state microbatteries for production starting in the
fourth quarter of 2022. Ensurge is receiving several
milestone-based payments for the customization."This win is a
significant achievement for Ensurge as it allows us to tap into the
exploding digital health and remote patient monitoring markets,"
said Ensurge CEO Kevin Barber. "Ensurge microbatteries bring unique
value propositions to these devices. Flexible form
factors, fast charging, ability to support high current draw and
wider temperature range differentiate Ensurge microbattery in
addition to the higher density, charge cycles and
safety.” He added: “I am also pleased to note that this
agreement includes delivery of production microbatteries in
2022.”
Devices that deliver digital health and remote
patient monitoring services have unique power requirements that
align well with Ensurge solid-state
microbatteries. These devices have proliferated over the
last few years as the world has become more health-conscious,
offering more business opportunities for Ensurge. The
Covid pandemic has accelerated the adoption of these digital health
monitoring devices, which gives Ensurge a unique position for its
well suited solid-state microbatteries Ensurge is actively engaging
with various key players in this market segment.
Ensurge customer engagement continues to expand beyond hearing
aids and wearables to include medical devices, industrial IoT
and earbuds. Ensurge sees strong customer interest enabling new
applications that are possible only with a combination of
solid-state microbattery technology and form factor flexibility
offered by Ensurge. These new applications have the potential to
drive the total market opportunity well beyond existing
markets.About EnsurgeEnsurge is Energizing
Innovation(TM) with ultrathin, flexible, and safe energy storage
solutions for wearable devices, connected sensors, and beyond.
Ensurge's innovative solid-state lithium battery (SSLB) technology
is uniquely positioned to enable the production of powerful,
lightweight, and cost effective rechargeable batteries for diverse
applications. The company's state-of-the-art flexible electronics
manufacturing facility, located in the heart of Silicon Valley,
combines patented process technology and materials innovation with
the scale of roll-to-roll production methods to bring the
advantages of SSLB technology to established and expanding markets.
Ensurge Micropower ASA ("Ensurge") is a publicly listed
company in Norway with corporate headquarters in Oslo and global
headquarters in San Jose, California.ContactStåle
Bjørnstad - Investor RelationsE-mail:
stale.bjornstad@ensurge.comPhone: +47 99 16 76 72Kevin Barber -
Chief Executive OfficerE-mail: kevin.barber@ensurge.comThis
information is subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
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