Enovix Signs Battery Deal With Major Unnamed Customer

<p align&equals;"left"><strong>FREMONT<&sol;strong> &&num;8212&semi; Enovix Corporation&comma; a high-performance battery manufacturing company&comma; says it received a sizable pre-paid purchase order from a Silicon Valley-based global technology leader in Artificial Intelligence &lpar;AI&rpar; and immersive technologies&period; The order is for a cutting-edge battery solution tailored for next-generation head-worn Mixed Reality &lpar;MR&rpar; wearables&period; These batteries will support the revolution of smart glasses&comma; augmented reality devices&comma; and other pioneering products in the MR space&period;<&sol;p>&NewLine;<p align&equals;"left">Enovix hasn&&num;8217&semi;t revealed the name of the major customer but it sure sounds like either Meta or Apple&period;<&sol;p>&NewLine;<p align&equals;"left">Under the terms of the agreement&comma; Enovix is scheduled to deliver initial shipments by mid-2025&comma; solidifying its position as a leader in delivering breakthrough battery solutions&period;<&sol;p>&NewLine;<p>Enovix CEO Dr&period; Raj Talluri said&comma; &OpenCurlyDoubleQuote;I’m incredibly excited for Enovix to be selected by another leading OEM in this emerging space&period; This is a defining moment for Enovix&period; It not only adds meaningful contracted backlog for Fab2 in Penang&comma; Malaysia&comma; but also firmly establishes Enovix as a trusted partner for custom battery development with one of the largest and most influential companies driving AI and MR innovation&period; MR headsets are an ideal application for our unique 3D silicon anode technology&comma; which meets the demanding requirements for high energy density&comma; compact form factors&comma; and unparalleled performance&period; With the launch of EX-1M this year and EX-2M slated for 2026&comma; Enovix is committed to bolstering the MR ecosystem by delivering bespoke battery solutions that empower next-generation devices&period; This agreement underscores our leadership in advancing battery technology to power the devices of tomorrow&period;”<&sol;p>&NewLine;