Enovix Signs MOU with Leading Consumer Electronics Battery Pack Manufacturer

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 ...