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Ensurge Micropower ASA - Joint development and investment agreements with Corning Incorporated to advance solid-state microbattery technology
The Manila Times· 2025-11-03 05:09
Core Insights - Ensurge Micropower ASA has entered into agreements with Corning Incorporated to develop ultra-high performance solid-state microbatteries based on Ensurge's platform [1][2] - The collaboration aims to integrate Corning's ribbon ceramic materials and process technology with Ensurge's microbattery architecture to create a product line for various applications [2][3] Joint Development Agreement - The Joint Development Agreement establishes a framework for collaboration between Ensurge and Corning, focusing on the integration of materials and technology [2] - The goal is to commercialize batteries for high-volume consumer, medical, industrial, and defense applications [2] Investment Agreement - An Investment Agreement has been established, allowing Corning to invest in Ensurge, with costs convertible into new shares [3][4] - The conversion of costs into shares will occur at a predetermined price of NOK 1.11 per share, based on the average closing price over the last 10 trading days prior to the agreements [4] Financial Terms - The maximum amount convertible to shares is USD 5 million, and Corning has the option to invest up to USD 10 million through warrants [5] - Each warrant has an exercise price of NOK 1.50 per share and can be exercised within two years following approval by an extraordinary general meeting [6] Warrant Details - The warrants will be granted at no charge and will not be traded on Euronext Oslo Børs [7] - The issuance of warrants and conversion shares is subject to approval by the extraordinary general meeting [7]
Ensurge Micropower ASA – Joint development and investment agreements with Corning Incorporated to advance solid-state microbattery technology
Globenewswire· 2025-11-03 05:00
Core Points - Ensurge Micropower ASA has entered into agreements with Corning Incorporated to develop ultra-high performance solid-state microbatteries [1][2] - The collaboration aims to integrate Corning's materials science expertise with Ensurge's microbattery technology for high-volume applications [2][3] - Corning will provide engineering resources, with costs convertible into shares of Ensurge at a predetermined price [5][6] Joint Development Agreement - The Joint Development Agreement establishes a framework for collaboration between Ensurge and Corning [2] - The goal is to commercialize batteries for consumer, medical, industrial, and defense applications [2][3] Investment Agreement - An Investment Agreement has been established, allowing Corning to invest in Ensurge [4] - Corning's investment will be convertible into new shares at a price of NOK 1.11 per share, with a maximum conversion amount of USD 5 million [5][6] Warrants - Corning will receive warrants allowing for an additional investment of up to USD 10 million at an exercise price of NOK 1.50 per share [6][7] - The warrants can be exercised within two years following approval by an extraordinary general meeting [7] Company Overview - Ensurge specializes in advanced microbattery technology, focusing on high-performance and safety for AI-enabled devices [9] - The company utilizes high-precision roll-to-roll production processes for its thin-film batteries [9]
Ensurge Micropower ASA – Joint development and investment agreements with Corning Incorporated to advance solid-state microbattery technology
Globenewswire· 2025-11-03 05:00
Core Insights - Ensurge Micropower ASA has entered into agreements with Corning Incorporated to develop ultra-high performance solid-state microbatteries [1][2] - The collaboration aims to integrate Corning's materials science expertise with Ensurge's microbattery technology for high-density energy products [2][3] Joint Development Agreement - The Joint Development Agreement establishes a framework for collaboration between Ensurge and Corning to enhance battery technology for various applications [2] - The goal is to commercialize batteries for consumer, medical, industrial, and defense sectors [2] Investment Agreement - An Investment Agreement has been established, allowing Corning to invest in Ensurge [4] - Corning will provide engineering resources, with costs convertible into shares at a price of NOK 1.11 per share [5] Financial Terms - The maximum amount convertible to shares is USD 5 million, with additional warrants allowing Corning to invest up to USD 10 million [6] - Each Warrant has an exercise price of NOK 1.50 per share and can be exercised within two years following approval by an extraordinary general meeting [7] Approval and Presentation - The issuance of Warrants and Conversion Shares is subject to approval by an extraordinary general meeting [8] - Ensurge invites stakeholders to a webcast presentation to discuss the agreements [8]
Ensurge Micropower ASA (ENMPY) CEO Introduction Hosted by Arctic Securities Webcast Transc
Seeking Alpha· 2025-10-14 11:55
PresentationHello, and welcome to this Ensurge Micropower webcast hosted by Arctic Securities. With me today, I have the new CEO of the company, Shauna McIntyre. Welcome. Shauna will take us through the investor presentation. And at the end, we will have a Q&A. And for that, please submit your questions in the Q&A functionality on your webcast player. So with that, I'll just hand the word over to you, Shauna.Shauna McIntyreChief Executive Officer Wonderful. Wonderful. Thank you so much. So it's a pleasure t ...
Ensurge Micropower ASA - Special Call
Seeking Alpha· 2025-10-14 10:26
PresentationHello, and welcome to this Ensurge Micropower webcast hosted by Arctic Securities. With me today, I have the new CEO of the company, Shauna McIntyre. Welcome. Shauna will take us through the investor presentation. And at the end, we will have a Q&A. And for that, please submit your questions in the Q&A functionality on your webcast player. So with that, I'll just hand the word over to you, Shauna.Shauna McIntyreChief Executive Officer Wonderful. Wonderful. Thank you so much. So it's a pleasure t ...
Ensurge Micropower ASA: Results of the exercise of Warrants
Globenewswire· 2025-10-12 09:15
Core Points - The Company announced the exercise of 19,470,726 Warrants, resulting in the subscription for the same number of new shares at an exercise price of NOK 1.00 each [1] - The Board of Directors has approved the allocation of new shares and resolved to increase the Company's share capital accordingly [2] - Following the registration of the share capital increase, the Company's total share capital will amount to NOK 429,142,639.50, divided into 858,285,279 shares with a nominal value of NOK 0.50 each [3] Company Overview - Ensurge Micropower is focused on developing ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery technology [3] - The Company operates with a team of forty specialists based in Silicon Valley, emphasizing innovation in microbattery technology suitable for various applications, including wearables and IoT devices [4] - Ensurge's manufacturing facility utilizes patented process technology and aims to scale production through partnerships with specialized industrial manufacturers [5] - The Company is listed on the Norwegian stock exchange and is supported by reputable financial investors, indicating a strong strategic investment and collaboration [6]
Webcast - Invitation to Investor Presentation
Globenewswire· 2025-10-10 15:34
Core Points - Ensurge Micropower ASA will host a webcast on October 14, 2025, at 10:00 CET [1] - The webcast link is provided for access [1] - Contact information for CFO Lars Eikeland and IR Ståle Bjørnstad is included for further inquiries [1]
Ensurge Micropower ASA - Grant of Incentive Subscription Rights
Globenewswire· 2025-09-26 18:30
Core Points - The Board of Directors of Ensurge Micropower ASA has granted 10,390,000 incentive subscription rights to employees under the 2025 incentive subscription rights plan, with an exercise price of NOK 1.1829 per share [1] - The subscription rights will vest over four years in equal quarterly increments and expire on 8 August 2030 [2] - Ensurge Micropower specializes in ultrathin, flexible, reliable, and safe solid-state lithium microbattery technology, suitable for various applications [2][3] Company Overview - Ensurge has a workforce of forty specialists based in Silicon Valley, focusing on innovative microbattery technology for form-factor-constrained applications such as wearables and IoT devices [3] - The company operates a state-of-the-art manufacturing facility that combines patented process technology with roll-to-roll production methods, aiming to optimize prototyping and small-scale manufacturing [4] - Ensurge is listed on the Norwegian stock exchange and is financed by reputable financial investors, indicating strong strategic investment and transatlantic collaboration [5]
Ensurge Micropower ASA - Grant of Incentive Subscription Rights
Globenewswire· 2025-09-26 18:30
Core Points - The Board of Directors of Ensurge Micropower ASA has granted 10,390,000 incentive subscription rights to employees under the 2025 incentive subscription rights plan, with an exercise price of NOK 1.1829 per share [1] - The subscription rights will vest over four years in equal quarterly increments and will expire on 8 August 2030 [2] - Ensurge Micropower specializes in ultrathin, flexible, reliable, and safe solid-state lithium microbattery technology, suitable for various applications [2][3] - The company operates a state-of-the-art manufacturing facility that utilizes patented process technology and roll-to-roll production methods for efficient scaling [4] - Ensurge is listed on the Norwegian stock exchange and is supported by reputable financial investors, indicating strong strategic investment and collaboration [5]
Ensurge Micropower ASA - Information about the exercise period for warrants issued in connection with Private Placement in January 2025
Globenewswire· 2025-09-25 20:00
Core Viewpoint - The announcement details the exercise period for warrants issued by Ensurge Micropower ASA, allowing holders to subscribe for new shares at a specified price, emphasizing the importance of timely exercise to avoid lapse [2][3]. Group 1: Warrants Exercise Information - The exercise period for the warrants begins on 26 September 2025 and ends on 10 October 2025 at 16:30 CEST [3]. - Each warrant allows the holder to subscribe for one new share at a subscription price of NOK 1.00 [3]. - Unexercised warrants will lapse without compensation to the holder [3]. Group 2: Exercise Procedure - Warrants can be exercised by submitting a completed exercise form to the manager, Arctic Securities AS, along with payment for the new shares [4]. - The exercise form is available on the websites of both the company and Arctic Securities AS [4]. - Payment for new shares is due immediately upon exercise [4]. Group 3: Company Overview - Ensurge Micropower specializes in ultrathin, flexible, and reliable solid-state lithium microbattery technology [5]. - The company operates from Silicon Valley, employing forty specialists to develop innovative microbattery solutions for various applications, including wearables and IoT devices [6]. - Ensurge's manufacturing facility utilizes patented technology and roll-to-roll production methods, focusing on prototyping and small-scale manufacturing while planning to outsource larger production [7]. Group 4: Financial and Market Position - Ensurge is listed on the Norwegian stock exchange and is supported by reputable financial investors, indicating a strong strategic investment and collaboration [8].