Over 90 Attendees Enjoyed Key Partner
Presentations on the Impact of Amprius’ Next-Generation Technology
and an Exclusive Factory Tour for a Preview of Amprius’ Future
Amprius Technologies, Inc. (“Amprius” or the
“Company”) (NYSE: AMPX), a leader in next-generation
lithium-ion batteries with its Silicon Anode Platform, celebrated
its ribbon-cutting ceremony on Thursday, December 14, 2023. At the
event, Amprius showcased its expanded production line in Fremont,
California, known as Amprius Lab, for customers, investors, and
partners.
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the full release here:
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Justin Mirro, Board Director; Kathleen
Ann Bayless, Board Director; Dr. Kang Sun, CEO; Lily Mei, Mayor of
Fremont; Donald Dixon, Chair of the Board; Dr. Wen Hsieh, Board
Director (Photo: Business Wire)
Through the commissioning of its proprietary anode production
line, Amprius is increasing its capacity by ten times at its
Fremont facility, moving the Company from kWh to MWh scale of
production. The additional capacity will serve existing customers,
including Airbus, AeroVironment, BAE Systems and Teledyne FLIR, as
well as supply the backlog of new customers seeking product in
2024. The factory will manufacture industry leading, high-energy
batteries, expected to deliver energy densities of over 500 Wh/kg
and 1300 Wh/L, and high-power batteries with discharge rates as
high as 10C.
During the event, several of Amprius’ current partners,
including AALTO Airbus, AeroVironment and CENTCOM presented on the
importance of Amprius’ next-generation technology on applications
across aviation, HAPS (High-altitude platform systems), and
defense. In addition, equipment OEM centrotherm presented on the
state of our 100% silicon anode mass production equipment,
currently used for commodity solar cell manufacturing, and the
associated scale-up and cost-down achieved in that sector
historically. And finally, Teledyne FLIR provided a customer
demonstration of the Black Hornet 4, which has Amprius’
high-performance batteries designed into it.
Guests were also able to engage with Amprius executives on the
expansion’s impact and tour the state-of-the-art manufacturing
line, which features all-new assembly and dry rooms as well as the
same mass production anode equipment technology planned for the
GWh-scale factory.
"The expansion of our Fremont facility is an important milestone
for our business as we significantly bolster our capacity to meet
the increasing demands of our esteemed customers while at the same
time serving more customers," said Dr. Kang Sun, CEO of Amprius.
“As we implement advanced manufacturing processes for our
proprietary silicon anode cell production, we’ll be able to lay the
foundation for our gigawatt-scale factory that we expect to be
operational in 2025.”
Amprius continues to expand its advanced manufacturing
capabilities to meet the ever-increasing demand for its
high-performance batteries. Amprius remains well positioned to
support the fast-growing aviation and, eventually, mainstream
electric vehicle markets, estimated to be collectively over $100
billion of battery demand by 2025.
"Amprius' batteries play a key role in Fremont's dedication to
technological innovation, especially in electric mobility, where
our community boasts one of the highest densities of EV chargers
per zip code,” said Fremont Mayor Lily Mei. “The decision by
Amprius to expand within Fremont highlights our city's commitment
to pioneering next-generation technologies that are shaping the
future of sustainable transportation."
For more information, please visit the Company’s investor
relations website at ir.amprius.com.
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
manufacturing facility for the fabrication of silicon anodes and
cells. 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,
statements regarding the ability of Amprius to meet the demands
from existing customers and to engage new customers, the ability
and timing of Amprius to commercialize its new cells, the timing
and ability of Amprius to build its large-scale facility and expand
its manufacturing capacity, the technology that will be used in
Amprius’ large-scale manufacturing facility, the addressable market
for Amprius’ batteries, the potential application and performance
of Amprius’ batteries, and the estimated size of the 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 appeal of Brighton
City Council’s rezoning decision; 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/20231219861371/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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